CLARK International Airport Corp. (CIAC) is set to inaugurate this month two state-of- the-art radars for the Diosdado Macapagal International Airport (DMIA) amounting to $10 million.
President Arroyo will be the guest of honor for the inauguration of the radars, tentatively scheduled after Lent.
Victor Jose Luciano, CIAC president and CEO, said the radars, which use electromagnetic waves, can identify the range, altitude, direction, or speed of aircraft as far as Manila to Laguna from Clark.
The equipment were bought from Alenia Marconi Systems (AMS), a major European integrated defense electronics company and an equal shares joint venture between BAE Systems and Finmeccanica until its dissolution on May 3, 2005. The Italian operations of AMS became SELEX Sistemi Integrati.
Luciano said Ex-Im Bank and Italy’s export credit agency, Servizi Assicurativi del Commercio Estero (SACE), and the Philippine Export Import Credit Agency (PhilEXIM) guaranteed the loans.
The Ex-Im Bank and SACE provide one-stop trade-finance services to buyers in third countries purchasing both United States and Italian goods and services.