The state-owned Bases Conversion and Development Authority (BCDA) said the development of the Clark Green City (CGC), dubbed as a city within a farm, will be more inclusive for workers and communities.
The minimum bid for Phase 1 of the Clark Green City project has been lowered to P160 million from P500 million in an attempt to attract more investors. The development cost of the first phase is estimated at P1.3 billion.
“The Clark Green City will not be an enclave of the rich adjacent to a poor district, but an entire community of empowered Filipinos,” said BCDA President and CEO Arnel Paciano Casanova, adding that with more jobs created, the CGC will be able to “empower families and communities to become productive and responsible citizens.”
In a pre-bid conference, 16 firms, including property giants Filinvest, Megaworld and Ayala Land, were audience to a detailed project presentation made by Casanova for the development of the 288-hectare property inside the Clark Special Economic Zone.
The pre-bid conference expanded the offered lot to 288 hectares from the original size of 254 hectares under a 55:45 joint venture agreement. It also removed the P2.5 billion initial cash investment.
In a joint project with Pag-IBIG (Home Mortgage and Development Fund), the BCDA will also bid out the construction of at least 2,000 units of low-cost housing units intended as residences for wage earners.
The housing project is intended for some 85,000 workers inside Clark ecozone and to prevent the build-up of illegal settlers in CGC.
The bonafide party with the highest bid for the Clark Green City shall be declared the winning bidder subject to post-qualification. The winning bidder will be responsible for forming a joint venture company pursuant to the joint development agreement to be signed with the BCDA.
Clark Green City sits on a 9,450-hectare lot within the Clark Special Economic Zone in the province of Tarlac and is envisioned as the country’s first smart, green and disaster-resilient metropolis.
Based on the CGC District Plan, the new city will have five districts namely: the government district; central business district; academic district, agri-forestry research and development district; and the wellness and eco-tourism district.
“If Singapore is the city in a garden, we also look forward to Clark as the city in a farm,” Casanova said.