^

Business

BCDA sets bidding for phase 1of Clark Green City

Ric Sapnu, - The Philippine Star

SUBIC FREEPORT, Philippines – The first phase of the Clark Green City, which will cover  1,300 hectares of the 9,450-hectare land here, will be up for bidding by the third quarter of this year.

Arnel Paciano D. Casanova, president and chief executive officer of the Bases Conversion and Development Authority (BCDA), said they “are now preparing terms of reference to begin the process.”

Based on its master development plan, Clark Green City will have five dedicated districts, namely the government district; the central business district; the academic district; the agri-forestry research and development district; and the wellness and eco-tourism district.

The BCDA signed recently a memorandum of understanding (MOU) with the University of the Philippines for the establishment of a global campus for the premier state university in Clark Green City and serve as the anchor for the city’s “Brain Capital.”

Casanova said the UP global campus is envisioned to spur innovation, technology, research and development, and human capital.

He said the BCDA envisions Clark Green City as the Philippines’ first green, disaster-resilient and smart metropolis.

“It will revolutionize the way Filipinos live, the way they do business, and even the way they spend their leisure time,” he said.

At full development, Clark Green City is estimated to contribute P1.57 trillion  per year to the Philippine economy and will create 925,000 jobs.

“More importantly, Clark Green City will become a portal to the world economy of the country’s next generation of global citizens,” he said.

 

vuukle comment

ARNEL PACIANO D

BASES CONVERSION AND DEVELOPMENT AUTHORITY

BRAIN CAPITAL

CITY

CLARK

CLARK GREEN CITY

DEVELOPMENT

DISTRICT

GREEN

UNIVERSITY OF THE PHILIPPINES

  • Latest
  • Trending
Latest
Latest
abtest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with