According to the Philippine Department of Transportation, a new passenger terminal at Clark Airport could be opened by 2020.

“It’s on track. Hopefully, we can get it operational by 2020,” Transportation Undersecretary for aviation Manuel Antonio Tamayo said in a report from the Manila Standard.

The project, which is valued at around PHP 9.36 billion (USD $178 million), will be around 100,000 square meters in size capable of handling 8 million passengers a year. It will be built by the Megawide-GMR consortium, providing a capacity boost to the airport which is the closest alternate gateway to the Greater Manila Area.

The announcement follows the awarding of a operations and maintenance contract at the airport to the North Luzon Airport Consortium (NLAC). The NLAC is made up of four members Filinvest Development Corporation, JG Summit Holdings, Inc., Philippine Airport Ground Support Solutions, and the Changi Airports Philippines Pte. Ltd. - a local subsidiary of the Changi Airport Group.

The NLAC’s financial bid included a commitment of an 18.25% annual gross revenue percentage share to the government, almost twice the minimum requirement set by the NEDA Board at 10%. It will also handle the operations of the airport and the new passenger terminal for 25 years.

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