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The proposed airport will be built on a 2,500-hectare (6,200-acre) coastal property as part of an envisioned 12,000-hectare (30,000-acre) township that features a residential zone, government center, seaport and an industrial zone. [6]
Despite the endorsements, the NEDA, citing an internal rate of return below the set "hurdle rate" of fifteen percent and the impossibility of acquiring some 415 hectares (1,030 acres) of land for the project in one year, rejected the airport proposal in February 1998, [25] and the project was subsequently excluded from the 1998 development ...
With an estimated total cost of ₱1.66 billion ($34.2 million), the 150-hectare airport hub is the result of a 50-year joint venture agreement between Cagayan Economic Zone Authority (CEZA) and Cagayan Land Property Development Corporation (CLPDC) with the private consortium contributing 58.3% in equity or ₱966 million while CEZA's share is 41.7% or ₱691 million. [3]
The entertainment hub is a project initiated by state-run Clark International Airport Corporation (CIAC), which is an attached entity to the Bases Conversion and Development Authority. Conceptualized in October 2023, [2] it is to be developed through a public–private partnership with investors expressing interest as early as November 2023. [3 ...
In 2013, the All-Asia Resources and Reclamation Corporation (ARRC) — a venture headed by tycoon Henry Sy — commissioned Danish construction firm Rambøll Group A.S. to conduct a feasibility study for the reclamation of 50 hectares off Sangley Point and the development of an airport with two runways and a terminal capable of handling 50 million passengers annually in place of the current ...
The name is derived from the former American Clark Air Base, which was the largest overseas base of the United States Air Force until it was closed and handed over to the Government of the Philippines in 1991. The airport is managed and operated by Luzon International Premier Airport Development (LIPAD) Corp., a consortium of JG Summit Holdings ...
The NAIA Road (Ninoy Aquino International Airport Road), formerly known and still commonly referred to as the MIA Road (Manila International Airport Road), is a short 8-10 lane divided highway connecting Roxas Boulevard and the Manila–Cavite Expressway with NAIA.
Regulation of airports and aviation in the Philippines lies with the Civil Aviation Authority of the Philippines (CAAP). The CAAP's classification system, introduced in 2008, rationalizes the previous Air Transportation Office (ATO) system of airport classification, pursuant to the Philippine Transport Strategic Study and the 1992 Civil Aviation Master Plan. [1]