Corporation to advise Philippine airport plan

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Corporation to advise Philippine airport plan

Incheon International Airport Corporation announced yesterday that it had obtained a $2.5 million deal to serve as an adviser to the Philippines for its airport development plan.

Though the airport corporation has previously won management consulting bids with foreign airports, this is the first time the corporation - which operates Korea’s biggest airport - will advise a foreign government on its overall objective, it said.

The corporation will consult with the Philippine government on managing its airport development strategy and airport operations; it also expressed hope that its contract will have positive effects on Korean companies looking to win bids to construct airports in the Southeast Asian nation, which has 13 international airports.

“Once we sign off on the master plan for an airport growth strategy in the Philippines, we will gather information about the development process of each airport there,” said Kim Hak-cheol, director of the corporation’s overseas management team I. “We hope that information will help Korean companies win construction and engineering bids later in the future.”

Under the bid, the corporation will work with the Philippine government for 18 months, until June in 2015. Many attribute the organization’s successful bid with the government to its reputable management - Incheon International Airport has won the Airport Service Quality award for eight consecutive years.

With the latest deal, the Incheon International Airport Corporation has earned $70.6 million from 17 projects in overseas markets since it started selling its expertise globally in 2007.

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