The Luzon International Premiere Airport Development (LIPAD) has formally taken over operations and maintenance (O&M) of Clark International Airport (CRK) in the Philippines.

The LIPAD consortium will operate and manage CRK airport for a period of 30 years.

Formerly known as the North Luzon Airport Consortium, the group comprises the Changi Airports Philippines, Filinvest Development, JG Summit and Philippine Airport Ground Support Solutions.

They won the CRK contract in January.

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LIPAD will also be developing the airport’s new terminal, which is scheduled to become operational by 2020. As of July, 74.58% of the new terminal work has been completed.

The LIPAD consortium will oversee all development of the commercial assets, operate and maintain project facilities and make interior spaces suitable in the new terminal.

Philippines’ Department of Transportation (DOTr) secretary Arthur Tugade said: “I saw the improvements in the terminal, and CRK has been flying so high in terms of increasing ridership and airline operations.

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“Make it go and make it grow, so it becomes the envy of airports within this country and all over the world.”

LIPAD CEO Bi Yong Chungunco said: “We are truly excited today and for the many years to come for the role that LIPAD Corporation will play in the development of the Clark International Airport as the region’s premier hub.

“We are equally excited to work on the new passenger terminal building and revolutionise the travel experience of passengers and visitors through fast, efficient, hassle-free service, and a new commercial experience.”

Chungunco added that LIPAD has incorporated 179 former staff members of the Clark International Airport Corporation (CIAC).

Nearly 11,500 travellers currently fly through CRK each day. The airport is served by a total of 673 weekly flights, including 202 international and 471 domestic.