CIAC to go after non-performing locators

CLARK FREEPORT — Newly-appointed Clark International Airport Corp. President and CEO Aaron Aquino ordered on Tuesday a review of the accounts of locators within the Clark Civil Aviation Complex (CCAC) to ensure that they are up-to-date with the obligations of their lease agreements with the agency.

To date, there are 45 locators within the Clark aviation complex engaged in manufacturing, mixed-use commercial hub, business process outsourcing, renewable energy, cargo, and aviation-related industries, among others.

“We’ll start identifying non-performing or delinquent locators, especially those with unsettled accounts.  This will be done simultaneous with forging new and strategic partnerships to further develop the remaining prime government land at the aviation complex,” Aquino said.

“If the locators’ financial obligations in their lease contracts are updated, the government is assured of revenues that, in turn, may be used to spur economic growth,” he added.

Earlier this week, Aquino said that the government is poised to immediately tap the underutilized 2,367-hectare civil aviation complex in this Freeport which houses the privately-run Clark International Airport (CRK).

Meanwhile, Aquino cited the efforts of the CIAC financial team which he said is “working on the application of a deferred lease payment scheme for locators covering the period during the enhanced community quarantine, subject to the approval of the CIAC Board, as consideration for investors to cope up in this pandemic.”

The CIAC chief said landside business development projects will readily create revenue sources for the national government, specifically on- and off-airport commercial development, which includes hotels, business offices and convention centers, parking bays, shopping malls, cultural and entertainment attractions, factories, research and development facilities, and air cargo, logistics and service industries.

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