Clark Green City up for bidding in Q3
MANILA, Philippines – A green and smart metropolis to be built from the ground up in Clark is set for bidding by the third quarter of the year, state-owned Bases Conversion and Development Authority (BCDA) said.
Named the Clark Green City, the first phase of the development is estimated at P59 billion. BCDA President and CEO Arnel Casanova said the agency was preparing the terms of reference for the bidding of 1,300 hectares out of the 9,450 hectares of the development, following the approval on May 29 of the master plan by the National Economic and Development Authority (NEDA) Board chaired by President Benigno Aquino III.
Based on the Clark Green City District Plan, the new city will have 5 districts, namely:
- central business
- agri-forestry research and development
- wellness and eco-tourism
Casanova said Clark Green City is an opportunity for a 100% foreign-owned company to invest since the entire area is a special economic zone, further accelerating foreign direct investment in the country. The first phase of the development will be shouldered mainly by international and local private sector proponents.
“It will open up the region to global trade and investments owing to the world-class infrastructure that is already within reach like the Clark International Airport, the Subic Bay Seaport, and the Subic-Clark-Tarlac Expressway,” he said.
At full development, Clark Green City will approximately contribute P1.57 trillion per year to the economy and will generate 925,000 jobs. BCDA is inviting real estate developers, industrial park builders, township builders, and institutional developers to invest in the first phase of the urban development, of which 1,300 hectares will be divided into several lots or packages.
Casanova said the first phase would bring in the critical mass by locating institutions such as schools, government offices, and hospitals. The University of the Philippines is Clark Green City’s first locator.
Clark Green City will be disaster-resilient in light of the ill-effects of climate change. Recently, the World Bank expressed its support for the project and will assist the BCDA in the area of innovation and sustainable green development.
Casanova said Clark Green City would also ensure sufficient and better quality of food within and beyond through its agri-forestry research and development district. “The city and its resources will empower all types of people including farmers who will be equipped with much better knowledge and facilities to produce better crops and earn higher incomes using the expressways, Clark International Airport, and the Subic Seaport to transport their goods both locally and internationally,” Casanova explained. – Rappler.com