Wednesday, 9 April 2008

Clark eyeing P8-B Terminal 2 complex

By Riza T. Olchondra
Philippine Daily Inquirer
http://business.inquirer.net/money/topstories/view/20080408-129015/Clark-eyeing-P8-B-Terminal-2-complex

After the expansion of the Diosdado Macapagal International Airport (DMIA) capacity to two million passengers a year, Clark International Airport Corp. (CIAC) is next aiming for developing an P8-billion new complex in anticipation of a passenger and cargo boom.

DMIA is experiencing unprecedented growth, from virtually zero passengers when it opened in 2002 to 533,000 in 2007, exceeding its 500,000 capacity. Faster growth is expected in the coming years, prompting CIAC to push for the start of the Terminal 2 project by the third quarter of 2008.

CIAC said the proposed area for Terminal 2 should have ancillary facilities, including a ramp, parking, express and general freight facilities and heavy aircraft maintenance area. There should also be a cargo terminal, especially in anticipation of the entry of big aircraft. Terminal 2 will have the tubes and air bridges for that, and the cargo terminal beside it will take care of the cargo, it said.

“The total cost for everything, including the terminal and support facilities, could reach P8 billion,” CIAC president Victor Jose Luciano said over the weekend.

“The feasibility study for that project, undertaken through a technical grant from KoICA [Korea International Cooperation Agency], is going full blast. The study estimates that the construction for the new terminal will take one year. We are deciding the capacity because we can make it up to five million to eight million annually,” Luciano said.

He said CIAC was considering having the project done under a build-operate-transfer agreement.

[Comment: PHP8 billion will not build a world-class terminal. Heathrow T5 cost $8 billion.]

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