By Argyll Cyrus B. Geducos
President Rodrigo Duterte, through an executive order (EO), has reverted the Clark International Airport Corporation (CIAC) as a subsidiary of the Bases Conversion and Development Authority (BCDA).
Executive Order 14, signed on February 28, sought to restructure CIAC from being attached agency of the Department of Transportation (DOTr) to a subsidiary of the BCDA.
The President said the EO aims to ensure that the development of the Clark Civil Aviation Complex (CCAC) remains parallel with the development of the Clark Freeport Zone (CFZ) as a premier investment and promotion destination.
DOTr was directed to transfer the ownership of CIAC to BCDA.
Despite control, supervision over, and ownership of the CIAC being transferred to the BCDA, DOTr would maintain its policy supervision and operational control over the CIAC.
“The DOTr is hereby ordered to facilitate the transfer and conveyance of the shares currently owned by the Republic of the Philippines, as well as those shares held in the name of its nominee stockholders, in favor of BCDA and its nominees,” the EO stated.
The order added that any delay in the execution of such documents of transfer and conveyance of the shares of stock of CIAC shall not “delay, hinder or deter the immediate exercise of ownership rights over CIAC by BCDA.”
The CIAC is composed of DOTr Secretary Arthur Tugade as chairperson; Tourism Secretary Wanda Teo, BCDA president Arnel Casanova, CIAC president Alex Cauguiran as vice chairpersons; and Civil Aviation Authority of the Philippines Director General Antonio Buendia, and six Presidential appointees as members.