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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 193 -
ESTABLISHING THE CLARK INTERNATIONAL AIRPORT CORPORATION AS A
SUBSIDIARY OF THE CLARK DEVELOPMENT CORPORATION AND REPEALING EXECUTIVE
ORDER NO. 186 FOR THIS PURPOSE
WHEREAS,
Executive Order No. 186 re-established the Clark International Airport
Corporation (CIAC) as a subsidiary of the Bases Conversion Development
Authority (BCDA) to manage and operate the Diosdado Macapagal
International Airport (DMIA);
WHEREAS, Clark Development Corporation (CDC) has a vision to develop
the Clark Special Economic Zone (CSEZ) as an “aerotropolis” or a
globally competitive urban center with the DMIA as centerpiece;
WHEREAS, in order to foster synergy in the development of the DMIA as
well as the CSEZ, there is a need for closer coordination between the
CDC as implementing arm of the CSEZ and the CIAC as the operator of the
DMIA.
NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President of the Republic
of the Philippines, by virtue of the powers vested in me by law, do
hereby order the following:
Section 1.
Sec. 2.
The Chairman of the CDC shall submit, for approval of the Office of the
President, among others, the proposed articles of incorporation, the
by-laws of CIAC, and its capitalization.
Sec. 3.
Sec. 4.
All orders, rules and regulations, or parts thereof which are
inconsistent with this Executive Order are hereby repealed, amended or
modified accordingly.
Sec. 5.
DONE in the City of Manila,
this 4th day of April, in the year of Our Lord, Two Thousand and Three.
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