The Clark International Airport Corp. is looking forward to signing a joint venture on an agriculture trading hub inside the aviation complex.
CIAC president Arrey Perez said the planned Clark National Food Terminal project would support the government’s vision to make the Philippines a leading agricultural resource hub in the region and the world.
“The project is aligned with the call of President Ferdinand Marcos Jr. to place food security at the forefront of the country’s national agenda,” he said.
Perez said the government pushed for food security during the United Nations World Economic Forum annual meeting in January.
He said President Ferdinand Marcos Jr. also reiterated the same concern during his pre-departure speech on Tuesday before attending the APEC meeting in the US.
“The project concept is on point and aligns with the Marcos administration’s marching orders to give top priority to agriculture development and to help develop that value chain, particularly in the advancement of the country’s aqua-cultural and agricultural industries,” Perez said.
The food trading hub will be built on a 64-hectare portion near the Clark International Airport with an estimated project cost of $152 million.
The national food terminal’s services 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.