In 2003, President Gloria Macapagal-Arroyo renamed Clark International Airport as the Diosdado Macapagal International Airport (DMIA), in memory of her father, former President Diosdado Macapagal, and ordered the Clark International Airport Corporation (CIAC) in February 2007 to fund the US$1.7 billion (PH₱76.5 billion) expansion of DMIA and the approval of a US$2 million (PH₱90 million) study plan financed by the Korean International Cooperation Agency. The first stage of Clark Airport's expansion program, a PH₱130 million terminal expansion, was completed in January 2008 to accommodate more than 2 million passengers annually.[13] In February 2012, the airport's name reverted to Clark International Airport,[14] but the passenger terminal continued to bear Diosdado Macapagal's name.