CLARK & FIESTA
Clark Freeport and Special Economic Zone in Central Luzon is located on a former US military base and is divided into two zones - the Clark Freeport Zone (CFZ) and Clark Special Economic Zone (CSEZ) it is comprised of the CFZ, Clark Global City, New Clark City and Clark International Airport.
Development began 30 years ago and since 1993 has been managed by the Clark Development Corporation.
Te idea was to transform the area into a ‘preferred business and tourism destination in the Asia Pacific region’ and by 2030 it aims to be a modern sustainable aerotropolis and the preferred MICE and tourism destination for the region.
Clark is almost the size of Singapore and is one of the fastest growth areas in the region and just 66km from Metro Manila. It hosts 1,136 locators employing around 127,000 workers. Tere are 11 industries based in Clark.
Te airport is said to be four times the size of Manila’s Ninoy Aquino Airport and is operated by the Luzon International Premiere Airport Development Corp.
A second terminal was opened in 2022. Previously the airport network served 19 domestic and 14 international flights with 686 flights weekly and the existing terminal accommodated up to 4.2 million passengers annually. Te new terminal has the capacity to accommodate an additional eight million passengers per year increasing total capacity to 12.2 million.
Infrastructure projects, which began under the Duterte administration’s ‘Build Build Build’ Infrastructure program, are continuing under Marcos’s new tagline ‘Build Better More’ program which intends to spend PhP1.418 trillion this year with the aim of continuing and expanding the ‘Golden Age of Infrastructure in the country.’ Tis is about 5.3 per cent of the GDP.
Although Duterte tried under his scheme to make up for 30 years of government neglect in infrastructure, in reality he only managed to complete about a dozen of the 119 planned projects whilst there are now 194 flagship projects approved including new roads and bridges and social infrastructure projects.
New roads leading to and from Clark continue whilst a high-speed rail system, the North- South Commuter Railway (also known as the Clark-Calamba Railway) is also being developed in Luzon. Tis will help improve connectivity within the Metro Manila area and run from New Clark City in the north to Calamba in the south. It’s had a tumultuous history with various issues during construction.
At the moment Clark is made up of tourism and investor manufacturing evenly split with a push to encourage more tourism and MICE events.
WIRE / PULSE / INSIGHT / REPORTS P45
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