CLARK International Airport Corp. (CIAC) and John Hay Management Corp. (JHMC) will jointly pursue programs to support the growth of Clark Aviation Capital and the John Hay Special Economic Zone, the Bases Conversion and Development Authority (BCDA) said.
In a statement on Tuesday, the BCDA said a memorandum of understanding (MoU) was signed between its subsidiaries to enhance the competitiveness of both locations.
The MoU, signed on June 25, aims to “strengthen cooperation in crafting unified programs and exchanging best practices.”
BCDA President and Chief Executive Officer Joshua M. Bingcang said he expects the partnership to enhance the region’s overall investment competitiveness.
“If we want to go head-to-head with our ASEAN neighbors, we need scale, synergy, and a unified front. BCDA stands ready to provide strategic guidance and resources to make this partnership a success,” he said.
“We expect that concrete developments will emerge from this partnership. On the part of BCDA, we are more than willing to provide support and funding,” he added.
Under the partnership, CIAC will share its experience in developing investment plans, while JHMC will assist CIAC in implementing forest management and urban renewal programs.
CIAC President and Chief Executive Officer Joseph P. Alcazar said the partnership will open collaboration in areas “of research and development, training and internship programs, aviation industry initiatives, tourism and investment promotion, and human resource development.”
Following the formalization of the MoU between CIAC and JHMC, Mr. Bingcang urged its other subsidiaries to also collaborate.
“There’s no monopoly on great ideas. I look forward to more collaborations where BCDA can provide strategic guidance in terms of impact in national development,” he said. — Justine Irish D. Tabile