Clark International Airport Corp. (CIAC) said it has signed a contract with state-run Food Terminal, Inc. to develop a P3.6 billion food hub. (FTI).
The project, known as the Bagsakan ng Bayan Mega Food Hub (BBM Food Hub), will be located on a 46-hectare site in Clark, with FTI leasing the Clark property for 25 years, CIAC said in a statement on Monday.
It said the partnership also includes the development, operation and maintenance of the wholesale food center
It said FTI will begin developing the first 10 hectares of the hub early next year.
It said a 40-hectare site would be built in Bukidnon to serve Mindanao, while another 30-hectare site would be built in Quezon province to support the Southern Tagalog region and Bicol.
CIAC President and CEO Joseph P. Alcazar said the project represents a commitment to strengthening the agro-logistics value chain.
The hub will serve Clark Freeport Zone, New Clark City, Metro Manila as well as Northern and Central Luzon with the potential to access global markets.
The Clark Hub is being deployed to provide services such as distribution, storage and processing of high-value produce for domestic and overseas markets.
The government has earmarked P2.1 billion for the project next year. , Beatriz Marie D. Cruz
