CIAC transfered to BCDA
President Gloria Macapagal-Arroyo has transferred the Clark International Airport Corporation (CIAC), which operates the Diosdado Macapagal International Airport (DMIA) from the Clark Development Corporation (CDC) to the Bases Conversion and Development Authority (BCDA) as its new subsidiary.
Arroyo, in issuing Executive Order (EO) 716, also transferred the ownership and corresponding dividends from the operation of the CIAC to BCDA. The CIAC was initially created through EO 193, series of 2003, as a CDC subsidiary to operate and manage the 2,200-hectare Clark Civil Aviation Complex (CCAC), including the DMIA, with its 50-year franchise.
The EO, however, transferred the operation and management of the Clark Civil Aviation Complex (CCAC), which is comprised of 2,200 hectare property, to the BCDA.
"There is a need to transform CIAC into a subsidiary of BCDA to ensure that the development of the CCAC-DMIA is aligned to the conversion program of the BCDA," she said adding that the CIAC shall still be subject to the policy supervision of the Department of Transportation and Communications (DOTC).
With the transfer, the CIAC shall now have the sole supervision in the operations relating to aviation, aviation-related services, aviation-related logistic, as well as lease and business arrangements pertaining to the said services and activities.
The EO likewise directed the clarification and distinction of the functions and jurisdictions between the CIAC and the CDC "in order to create synergy between the two corporations."
It stated that despite CIAC's transfer, the CDC shall remain the implementing arm of the BCDA within the Clark Freeport Zone (CFZ) and the Clark Special Economic Zone (CSEZ).
As this developed, Press Secretary Ignacio Bunye announced that the President has also strengthened the two-year-old Subic-Clark Alliance for Development (Scad) Council "as the single body that will harmonize the strategies of the Subic Bay Freeport Zone (SBFZ) and CSEZ after issuing EO 504-A which amended EO 504, series of 2006, that created the Council.
Bunye said under EO 504-A, Scad would facilitate "an integrated and coordinated approach to the development of the Scad corridor as a world-class mega-logistics hub and a global gateway to the Asia Pacific Region."
The EO directed Scad to prioritize the formulation of policies and programs to develop Subic, Clark, and the corridor in between them as a globally competitive mega-logistics hub; to formulate common investment promotions activities and harmonize in the SBFZ and CFZ programs, policies, rules and regulations affecting investments, incentives, customs, immigration, leasing, privatization, among others.
The agencies placed under the Scad Council's supervision include the BCDA, CDC, CIAc and the Subic Bay Metropolitan Authority (SBMA). (JMR/Sunnex)
Arroyo, in issuing Executive Order (EO) 716, also transferred the ownership and corresponding dividends from the operation of the CIAC to BCDA. The CIAC was initially created through EO 193, series of 2003, as a CDC subsidiary to operate and manage the 2,200-hectare Clark Civil Aviation Complex (CCAC), including the DMIA, with its 50-year franchise.
The EO, however, transferred the operation and management of the Clark Civil Aviation Complex (CCAC), which is comprised of 2,200 hectare property, to the BCDA.
"There is a need to transform CIAC into a subsidiary of BCDA to ensure that the development of the CCAC-DMIA is aligned to the conversion program of the BCDA," she said adding that the CIAC shall still be subject to the policy supervision of the Department of Transportation and Communications (DOTC).
With the transfer, the CIAC shall now have the sole supervision in the operations relating to aviation, aviation-related services, aviation-related logistic, as well as lease and business arrangements pertaining to the said services and activities.
The EO likewise directed the clarification and distinction of the functions and jurisdictions between the CIAC and the CDC "in order to create synergy between the two corporations."
It stated that despite CIAC's transfer, the CDC shall remain the implementing arm of the BCDA within the Clark Freeport Zone (CFZ) and the Clark Special Economic Zone (CSEZ).
As this developed, Press Secretary Ignacio Bunye announced that the President has also strengthened the two-year-old Subic-Clark Alliance for Development (Scad) Council "as the single body that will harmonize the strategies of the Subic Bay Freeport Zone (SBFZ) and CSEZ after issuing EO 504-A which amended EO 504, series of 2006, that created the Council.
Bunye said under EO 504-A, Scad would facilitate "an integrated and coordinated approach to the development of the Scad corridor as a world-class mega-logistics hub and a global gateway to the Asia Pacific Region."
The EO directed Scad to prioritize the formulation of policies and programs to develop Subic, Clark, and the corridor in between them as a globally competitive mega-logistics hub; to formulate common investment promotions activities and harmonize in the SBFZ and CFZ programs, policies, rules and regulations affecting investments, incentives, customs, immigration, leasing, privatization, among others.
The agencies placed under the Scad Council's supervision include the BCDA, CDC, CIAc and the Subic Bay Metropolitan Authority (SBMA). (JMR/Sunnex)
posted by OlongapoCity Zambales at
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