President Rodrigo Duterte has turned over Clark International Airport Corp. (CIAC) to the Bases Conversion and Development Authority (BCDA). The President signed Executive Order (EO) 14 on February 28 that seeks to restructure the CIAC from being an attached agency of the Department of Transportation (DOTr) to a subsidiary of the BCDA. “Any delay in the execution of such documents of transfer and conveyance of the shares of stock of CIAC shall not, in any event, delay, hinder or deter the immediate exercise of ownership rights over CIAC by BCDA,” it added. The EO, however, provided that the DOTr would maintain its policy supervision and operational control over the CIAC. CATHERINE S. VALENTE

Source: Manila Times March 01, 2017 10:44 UTC