Second Clark airport runway needs minimum P7B investment  — BCDA

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Clark International Airport. Photo from LIPAD.
  • The construction of a second runway at Clark International Airport will require an investment of P7 billion to P10 billion, according to the Bases Conversion and Development Authority
  • Another P2 billion will be needed for the expansion of taxiways and aprons for new locators and logistics companies
  • The expansion of CRK aims to accommodate the growing demand from major logistics firms operating in the region
  • The expansion is also one of the three projects endorsed by BCDA to be part of the Luzon Economic Corridor

The planned construction of a second runway at Clark International Airport (CRK) will require an investment of P7 billion to P10 billion, according to the Bases Conversion and Development Authority (BCDA).

Another P2 billion will be needed for the expansion of taxiways and aprons for new locators and logistics companies, BCDA president and chief executive officer Joshua Bingcang said.

The expansion of CRK involves construction of a second runway, taxiways, aprons, and other essential facilities to accommodate the growing demand from major logistics firms operating in the region.

The second runway is also aimed to attract more airlines and provide redundancy.

The expansion of CRK is also one of the three projects endorsed by BCDA to be part of the Luzon Economic Corridor and to be included in the portfolio of the Maharlika Investment Corporation for possible investment opportunities.

READ: 3 key BCDA projects endorsed for Luzon Economic Corridor

Projects under the Luzon Economic Corridor are offered to US and Japanese investors as part of the Group of Seven (G7) Partnership for Global Infrastructure and Investment, which mobilizes up to $600 billion in investments by 2027. It involves strategic partnerships between the world’s largest developed economies. G7 is made up of France, Germany, Italy, Japan, the United States, the United Kingdom, and Canada.

Clark Freeport Zone, where CRK is situated, together with the freeport zones of Subic and Bataan, are also being eyed as transshipment hubs.

CRK in 2023 handled nearly two million passengers, a 158% year-on-year increase against 2022 numbers. It also facilitated a total of 14,892 flights and ended the year with 11 international and 10 domestic flights.