By Bernie Cahiles-Magkilat
State-owned Bases Conversion and Development Authority (BCDA) and the Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN) have partnered with Surbana Jurong of Singapore for the development of the New Clark City (formerly Clark Green City) project.
BCDA Vice-President for business development and operations Joshua Bingcang said Surbana Jurong will help BCDA and JOIN prepare the detailed design standards and guidelines for New Clark City.
So far, the Singporean firm has no equity stake yet in the Clark City project but Bingcang said that the intention is for them to become an equity investor eventually.
“We are still finalizing the terms,” said Bingcang.
This includes the refinement of the detailed urban and infrastructure design, serve as a financial and business advisor, review the development of the Public-Private Partnership framework for provision of utility services such as water and power, and make the framework for the long-term operation of New Clark City.
Surbana Jurong is focused on urban, industrial and infrastructure projects. It has grown to be one of the largest firms in Asia with over 120 offices in countries such as China, India, and Myanmar.
In building world-class legacy projects in Clark, BCDA and JOIN acknowledge the expertise of international firms such as Surbana Jurong, for the development of New Clark City — the 9,450 hectare city being envisioned to provide a more comfortable life for Filipinos.
New Clark City, a new metropolis that will rise in the Clark Special Economic Zone in the province of Tarlac, is designed to be the country’s first smart, green, disaster-resilient city, where nature, lifestyle, business, education, and industries converge, and will be at par with other modern cities in the world.
Tags: Bases Conversion and Development Authority, BCDA, BCDA Japan agency team up with Singapore for New Clark City dev’t, Japan Overseas Infrastructure Investment Corporation, Joshua Bingcang, Surbana Jurong of Singapore, Transport and Urban Development