Kilton Motor Corporation, operator of the Clark International Speedway, has forged two lease agreements with Clark Development Corporation (CDC) to expand its operations in Clark Freeport.
Valued at ?300 million, the CDC said the expansion adds 11 hectares to Kilton’s existing 30-hectare lease.
The additional area will support the development of new motorsports facilities and an export-oriented assembly plant for race cars, motorcycles, and industrial equipment, complementing the current speedway complex, the state-owned corporation added.
The lease contract signing ceremony, held on May 23, 2025 at the CDC Corporate Headquarters, was led by CDC President Agnes Devanadera and KMC President Johnny Tan.
The Supplemental Lease Agreement includes a ?200 million investment over three years. It covers 4.64 hectares for the construction of parking and support facilities for Tony’s Clark Museum.
Meanwhile, the New Lease Agreement grants KMC 6.4 hectares for an off-road facility, 4x4 terrain, and perimeter fencing, with an additional ?100 million allocated for development.
Under the expansion plan, KMC will develop an international-standard racetrack for karting, drag racing, and motorcycle events.
The company also aims to expand its operations in light industrial assembly and the trading of race cars, go-karts, generator engines, forklifts, and motocross bikes, the CDC said.
“CDC ensures seamless coordination across departments to support locators like Kilton,” Devanadera said.
Tan, for his part, emphasized KMC’s focus on innovation and sustainability. “This expansion strengthens our production capabilities and reinforces our commitment to green technology."
CDC is the estate manager of the Clark Freeport and Clark Special Economic Zones.