International Business

From Times Staff and Wire Reports

Consortium Eyes Former Clark Air Base: The international group led by Mitsui & Co. of Japan has submitted a $2.5-billion proposal to convert the former U.S. military base in the northern Philippines into the country's premier international airport by 1998. The base, which was destroyed by the 1991 eruption of Mt. Pinatubo, would undergo a massive rehabilitation aimed at eclipsing the dilapidated Ninoy Aquino International Airport in Manila as the principal destination for foreign flights. Mitsui, which bankrolled the master plan for the project by Pacific Consultants International of Japan, would be joined in the consortium by the British Airports Authority, U.S.-based Schal-Bovis and Construcciones y Auxiliar Ferrocarriles of Spain.

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