A high-level delegation from BOV led by its managing director William Chee met with senior Philippine government leaders, including Vice-President Jejomar C Binay and Executive Secretary Jojo Ochoa, recently to officially register the company's readiness to carry out the project.
Chee said the consortium consisting of a group of major government-linked and private firms, is ready to invest some US$150 million for the project.
Under the proposed DMIAT2 expansion, the capacity of the airport will be increased to seven million passengers per annum.
"BOV is committed to assist the Philippines in developing the DMIAT2 as an alternative, premier international gateway to the Philippines," he said, adding that the Philippine authorities were very receptive to the proposal submitted by BOV.
A special briefing on the proposed project was also conducted by BOV in collaboration with the Pampanga Media Group at Clark for local business communities.
Officiating at the briefing, Malaysian Ambassador to the Philippines Datuk Seri Dr Ibrahim Saad said BOV's interest to undertake the project was testimony of the existing cordial ties between Malaysia and the Philippines.
Ibrahim said the Malaysian consortium consisted of government-owned and linked corporations and private firms, experienced in developing and operating airports in Asean countries, the Middle East and India.
He assured that all foreign projects implemented by private firms from Malaysia are closely monitored by the Malaysian government.
Mabalacat Mayor and Metro Clark Advisory Council chairman Morino Morales welcomed the BOV's proposal, saying that the development of DMIA will boost the local economy enormously.
He said that considering the presence of the Subic Clark Tarlac Expressway, Clark Airport and other infrastructure projects the town will develop into a bustling city like Makati.