Clark International Airport O&M winning bidder North Luzon Airport Consortium (NLAC) is optimistic that the project will spur economic growth in Central and North Luzon. The consortium is pouring in an estimated project cost of about PhP6 billion to fit out the new terminal with a capacity to serve eight million passengers per annum, doubling the current capacity of the existing terminal.
The consortium comprises Filinvest Development Corp. (PSE: FDC), JG Summit Holdings Inc. (PSE: JGS), Philippine Airport Ground Support Solutions Inc., and Changi Airport Philippines (I) Pte Ltd (CAP), a wholly owned subsidiary of Changi Airports International. CAP was incorporated by Changi Airports International to focus on the Philippines. This is similar to the other companies that Changi Airports International has set up for the airports it owns in other countries as part of its global business.