The Clark International Airport Corporation (CIAC) got a high rating in the performance scorecard by the Governance Commission for Government Owned or Controlled Corporations (GCG) last year, the Department of Transportation (DOTr) has disclosed.
Based on the GCG 2022 Performance Scorecard, the CIAC obtained 95.17 rating in reference to the revenues and employment from locators generated by the CIAC, number of lease agreements, customer satisfaction, and the manner of implementation of airport infrastructure projects.
The CIAC exercises regulatory supervision and oversight of activities occurring within the civil aviation complex, including the privately-run Clark International Airport.
In a letter sent to DOTr Secretary Jaime Bautista, CIAC President Arrey Perez said the performance scorecard also includes CIAC’s earnings before interest, taxes, depreciation and amortization (EBITDA), budget utilization rate, the retention of its ISO Certification, the development of new normal initiatives, and the development of the CIAC Barcoding System.
“The CIAC continues to strengthen its commercial, engineering and corporate management teams to develop a globally-competitive service and logistics center at the aviation complex surrounding the Clark International Airport,” said Perez.
The GCG evaluates state-run firms through the Performance Evaluation System which provides the framework for setting the organizational targets of a GOCC which also serves as basis for determining the grant of performance-based incentives for employees.