Malaysian Consortium Plans New Airport Terminal in Philippines

22 July 2010 (Last Updated July 22nd, 2010 18:30)

A consortium of companies backed by the Malaysian Government has said that it is ready to develop a new passenger terminal at Clark International Airport in the Philippines. Bristeel Overseas Ventures head William Chee said the consortium is ready to invest $150m to develop Clark Airpor

A consortium of companies backed by the Malaysian Government has said that it is ready to develop a new passenger terminal at Clark International Airport in the Philippines.

Bristeel Overseas Ventures head William Chee said the consortium is ready to invest $150m to develop Clark Airport as the Philippines' main international gateway.

Bristeel has submitted a proposal to Clark International Airport Corporation to build a new terminal through a joint venture with a state-run firm.

The new terminal will allow the airport to handle seven million passengers each year, according to businessmirror.com.