Monday, November 17, 2008 Ciac accepts proposal for P4B terminal project By Reynaldo G. Navales
CLARK FREEPORT -- The International Joint Venture Selection Committee (JVSC) of Clark International Airport Corporation (Ciac) has started accepting "unsolicited proposals" for the development of the P4-billion Terminal 2 project of the Diosdado Macapagal International Airport (DMIA).
Ciac Vice-President for Administration and Finance Romeo Dyoco, chairman of the Joint Venture Selection Committee (JVSC), said Caic is currently studying various options for the construction of the new terminal.
Some of the initiative he cited are the unsolicited proposal through a joint venture; joint venture between a private group through a second bidding; and acquisition of funds through the Overseas Development Assistance (ODA) or through other loans and equity so as to facilitate the project.
Dyoco said the Ciac board instructed the JVSC to pursue Annex C under the JV Guidelines (Competitive Challenge Procedure) which would simplify and fast track the development of the DMIA Terminal 2.
Ciac has simplified some requirements so as to facilitate and attract proponents and investors for the project, he added.
According to Dyoco, Annex C of the JV Guidelines stated that the capacity of the Terminal 2 have been reduced to a minimum requirement of 3 million passengers per year instead of the previous 7 million passengers capacity.
Under the project, Terminal 2 will occupy 11.9 hectares of land inside 2,500-hectare Clark Civil Aviation Complex.
The new terminal is expected to be completed by March 31, 2010.
The minimum investment for the terminal has been reduced to P4 billion from the previous P6.5 billion to attract possible investors for the project.
Under the joint venture scheme, Ciac will be maintaining a 30 percent stake while the proponent will have 70 percent ownership.
Dyoco said this is a "competitive challenge" among potential investors who will be obliged to produce the best offer to build, design, finance, equip and operate the Terminal 2 before 2010."
"This is what we are doing right now, we (Ciac Board) are in the process of studying all of these options so as to set up the Terminal 2 Project before 2010," he said.
Dyoco said they are reviewing the Terms of Reference as well as the calibrated construction of the new terminal.
The Caic Board has given the committee until the end of this month to study all of the options for the development of the new terminal, he added.
