Maharlika fund eyes collab with Clark airport
State-run Maharlika Investment Corp. (MIC) is looking at potential investment opportunities with Clark International Airport Corp. (CIAC), which has been lining up several projects such as the construction of a food hub and second runway.
On Friday, the parties signed a memorandum of understanding to seal their partnership. This was witnessed by Secretary Frederick Go, Special Assistant to the President for Investment and Economic Affairs.
Go cited the P8.5-billion Clark National Food Hub as one of the key priority investments. “We continue to pursue initiatives that contribute to increasing agriculture production, and improving the food logistical chain,” he said.
The construction of the food hub, which is proposed to improve the food supply chain across the country and to provide a marketplace for farmers and fisherfolk, is expected to be done by 2032.
The first phase of the project—which will consist of administrative offices, cold storage facilities and trading markets for wholesalers—is slated for completion by 2027.
The second phase, meanwhile, will take five years of construction thereafter or until 2032. This segment will provide space for food manufacturing and packaging.
The hub is a 62-hectare facility set to rise in the Clark civil aviation complex.
Earlier, CIAC president and CEO Arrey Perez told the Inquirer they were currently doing a detailed feasibility study for a planned second runway, which is estimated to cost P7 billion to P10 billion.
Meanwhile, MIC president and CEO Rafael Consing Jr. said the “strategic collaboration on key development projects will not only unlock the immense potential within Clark but also propel the growth of the entire Luzon corridor, fostering connectivity, trade, and tourism.”
