ChanRobles Virtual law Library
PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Home > Chan Robles Virtual Law Library > Philippine Laws, Statutes & Codes > :
Search for
www.chanrobles.com
:
EXECUTIVE ORDERS
PLEASE CLICK HERE FOR THE LATEST ➔ PHILIPPINE LAWS, STATUTES & CODES
EXECUTIVE ORDER NO. 7 - AUTHORIZING
THE MERGER OF CLARK DEVELOPMENT CORPORATION AND CLARK INTERNATIONAL
AIRPORT CORPORATION
WHEREAS,
Republic Act No. 7227 mandated the Bases Conversion Development
Authority (BCDA) to adopt, prepare and implement a comprehensive and
detailed plan for the sound and balanced conversion of the Clark and
Subic military reservations and their extensions;
WHEREAS, Executive Order No. 80, series of 1993, established Clark
Development Corporation (CDC) as the implementing arm of BCDA for the
Clark Special Economic Zone which envisioned Clark to be converted into
an international civil aviation comp, a modern industrial estate and
tourism, trade and business center for Luzon and Asia;
WHEREAS, Executive Order No. 360, amending Executive Order No. 192,
provided that Clark International Airport Corporation (CIAC) shall be a
wholly-owned subsidiary of BCDA to operate and manage the Clark
Aviation Comp;
WHEREAS, in the course of the development of the Clark Special Economic
Zone, CDC and CIAC have been observed to be competing with each other
and pursuing their policies and operations without coordination and, at
times, in an inconsistent manner;
WHEREAS, to address the unproductive competition and overlapping
functions between the CDC and CIAC, the BCDA proposes the merger of the
two corporations, with the CDC as the surviving corporation;
WHEREAS, the proposed merger would mean a P50 to 60 million savings for
the government.
Section 1.
Sec. 2.
Sec. 3.
Sec. 4.
Sec. 5.
DONE in the City of Manila,
this 26th day of March, in the year of Our Lord, Two Thousand and One.
chan
robles virtual law librar
Back to Main
Since 19.07.98.