DESIGNATION OF CLARK SPECIAL ECONOMIC ZONE (CLARK FIELD) AS THE FUTURE SITE OF A PREMIER PHILIPPINE INTERNATIONAL AIRPORT

WHEREAS, the recent IATA forecast indicates that more than 376 million
enplanements (51.1% of world total) will be in the Asia-Pacific by the year
2010, a fourfold increase from 1990;

WHEREAS, Asian countries have already embarked on ambitious airport
infrastructure development and expansion projects to alleviate congestion in
airspace, runways and terminals, and to keep pace with rapid economic
development;

WHEREAS, the conversion development program of the Bases Conversion
Development Authority (BASECON) for the former Clark Air Base revolves around
the establishment of an international aviation complex that will involve the
expansion of existing aviation facilities into world class and globally
competitive standards;

WHEREAS, Clark Air Base with its existing runways and airport area of 2,200
hectares provides sufficient area for phased expansion to serve the air traffic
demand of the 21st Century;

WHEREAS, with the Philippine Centennial celebrations scheduled at Clark by
1998, the airport complex must be operational by the fourth quarter of 1997;

WHEREAS, the development of Clark Aviation Complex as a new international
gateway to the Philippines, together with its accompanying expressway and
mass-transit rail access systems will attract economic and tourism activities
towards Central Luzon and the North Luzon Growth Quadrangle, thereby relieving
Metro Manila of further increase in migration, congestion, pollution, traffic
and other urban ills;

WHEREAS, the Bases Conversion Development Authority (BCDA) and Clark
Development Corporation (CDC) have committed the establishment of an
international airport at Clark to its local and international lessors and
investors;

WHEREAS, this new international airport is viewed by the international
community, particularly those in the Asia-Pacific group, as a clear and loud
signal that the Philippines is back in business;

WHEREAS, the national leadership is cognizant of the need to accelerate the
development of the country’s international airports, and has envisioned the
former Clark Air Base to be the site of a premier international airport, as
well as of modern industrial area and a center for investment, tourism, trade
and business for Luzon and Asia, as contemplated in Section 2.1.2 of Executive
Order No. 62, Series of 1993;

NOW, THEREFORE, I, FIDEL V.
RAMOS, President of the Republic of the
Philippines, by virtue of the powers vested in me by law, do hereby order:

1. The designation of Clark
Special Economic Zone (Clark Field) as the future site of a premier
International Airport upon completion and development of the aviation complex
situated therein which is now being undertaken by the Bases Conversion
Development Authority (BASECON) and the Clark Development Corporation (CDC)
conformably with the provisions of RA 7227, otherwise known as the Bases
Conversion Act of 1992;

2. The Bases Conversion
Development Authority (BASECON) and the Clark Development Corporation (CDC)
shall implement the phased development of the Clark Aviation Complex, together
with its expressway and rail access systems in accordance with its Master Plan
with the support of the Department of Public Works and Highways (DPWH),
Philippine National Construction Corporation (PNCC), and Philippine National
Railways (PNR).

Moreover, BASECON shall be
tasked with the following:

a. Review and recommend to the
President a Master Development Plan for the Clark Aviation Complex providing it
with world class facilities and high service standards.

b. Recommend the organizational
structure of a proposed Clark International Airport Corporation which shall
have jurisdiction over the operations of the entire Clark aviation complex.

c. Formulate a comprehensive
phased implementation program for Clark Airport Development Project in
accordance with the Master Plan, and with an initial opening date capacity of
14 Million passengers by 1998.

d. Develop the Terms of
Reference under public and private partnership for the construction and
operation of the Clark Aviation Complex.

e. Recommend to the President
other essential priority programs and infrastructure projects that will support
the operations of Clark International Airport.

f. Require the assistance of
other government agencies and enlist the support of the private sector for this
undertaking.

The funds necessary for the
implementation of this Order shall be charged against the Budget of the Bases
Conversion Development Authority and augmented if necessary, from the
Contingent Fund authorized under the General Appropriations Act of 1994. This
may also be augmented by foreign assistance grants to be sourced by the
National Economic Development Authority, the Coordinating Council of the
Philippine Assistance Program, the Department of Transportation and
Communications and the Bases Conversion Development Authority.

This Executive Order shall take
effect immediately.

DONE in the City of Manila, this
28th day of April in the year of our Lord, Nineteen Hundred and Ninety-Four.

(Sgd.) FIDEL
V. RAMOS
President of the Philippines

By the President:

(Sgd.) TEOFISTO T. GUINGONA, JR.
Executive Secretary

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