The state-owned Bases Conversion and Development Authority (BCDA) is seeking proposals for feasibility studies on specific utility components for the Clark Green City, after the agency said earlier this week it would soon launch a tender for lease and development of the first phase of the project.
Clark Green City, a designated special economic zone, provides an opportunity for 100-percent foreign owned companies to invest in urban development in the Philippines, which is expected to help accelerate foreign direct investment in the country.
“It’s all systems go for the development of Clark Green City. We are inviting interested firms to submit their expression of interest to undertake feasibility studies on the utility components of what will become the country’s most modern and beautiful city,” BCDA President and CEO Arnel Paciano D. Casanova said on Friday.
According to Casanova, proponents may submit proposals to voluntarily undertake a feasibility study for any of the following utility components of the CGC: power (traditional and/or renewable); water (supply, distribution and wastewater management); solid waste management (may also include waste-to-energy); mass transportation; centralized LPG/LNG system; and information and communication technology (ICT)/ city management systems.
He said that the feasibility study should include the basic implementation concept and standards, and the economic, financial and technical viability of the individual projects.
Casanova pointed out that all costs and expenses incurred in the preparation and conduct of the feasibility study shall be shouldered by the interested proponent. However, “Should BCDA accept, use or take advantage of the study, either in part or in whole, BCDA shall reimburse the cost for the feasibility study which amount shall be agreed upon by BCDA and the interested proponent,” Casanova said.
Interested proponents may submit their Expression of Interest stating the specific utility component to be covered by the feasibility study on or before June 20 at the BCDA Corporate Office on the second floor of Bonifacio Technology Center, 31st Street corner 2nd Avenue, Bonifacio Global City.
On Tuesday the BCDA announced the opening of an auction for the first phase, or 1,300 hectares of the project’s total 9,450 hectares to local and foreign investors for lease and development. BCDA aims to make Clark Green City the urban core of the Central Luzon metropolis.
The launch of phase one, which Casanova hopes will start by the third quarter this year, comes after President Benigno S. Aquino 3rd approved the master plan for the project during the NEDA Board meeting held on May 29.