Kilton Motor Corporation, operator of the Clark International Speedway, signed two lease agreements with Clark Development Corporation (CDC) to expand its operations in Clark Freeport.

Valued at PHP 300 million, the expansion adds 11 hectares to Kilton’s existing 30-hectare lease.  The additional area will support the development of new motorsports facilities and an export oriented assembly plant for race cars, motorcycles, and industrial equipment, complementing the current speedway complex.

The signing ceremony was led by CDC President and CEO Atty. Agnes VST Devanadera and KMC President Johnny Tan. The Supplemental Lease Agreement includes a PHP 200 million investment over three years and covers 4.64 hectares for the construction of parking and support facilities for Tony’s Clark Museum.

Meanwhile, the New Lease Agreement grants KMC 6.4 hectares for an off-road facility, 4x4 terrain, and perimeter fencing, with an additional PHP 100 million allocated for development. Under the expansion plan, KMC will develop an international-standard racetrack for karting, drag racing, and motorcycle events. The company also aims to expand its operations in light industrial assembly and the trading of race cars, go-karts, generator engines, forklifts, and motocross bikes.

CDC serves as the estate manager of the Clark Freeport and Special Economic Zones, promoting investment and economic growth. KMC is a leading player in power solutions and industrial equipment.

Atty. Devanadera reaffirmed CDC’s commitment to fostering a business-friendly environment in Clark. “CDC ensures seamless coordination across departments to support locators like Kilton,” she said.

Tan, for his part, emphasized KMC’s focus on innovation and sustainability. “This expansion strengthens our production capabilities and reinforces our commitment to green technology,” he said.