The Clark International Airport Corp. will enter into a joint venture for the establishment of a $152-million agriculture trading hub inside the Clark civil aviation complex.
Arrey Perez, CIAC president, said in a statement the planned Clark National Food Terminal will include research and quality control, warehousing, food processing, international shipping, marketing services, and trading for local and foreign markets.
“The feasibility study of industry experts will soon commence, then we’ll start exploratory talks with prospective investors for a joint venture partnership so we’re looking forward to project completion in two years’ time. This is a huge infrastructure investment but will serve as a major support pillar to the national government’s efforts to boost the country’s agricultural economy,” Perez said.
He said the project will support the national government’s vision to make the Philippines a leading agricultural resource hub and is aligned with the government’s goal of putting food security at the forefront of the country’s national agenda.
The food trading hub will be built in a 64-hectare portion near the Clark International Airport and cargo giants FedEx and UPS. It is also accessible to major road networks connecting northern and eastern parts of Luzon with an upcoming cargo railway station linking the Subic seaport, Perez said.
