BCDA, Sweden eye Clark Green City deals

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The Bases Conversion and Development Authority (BCDA) on Monday signed a memorandum of understanding (MOU) with the Swedish government and two private firms for possible tie-ups involving the Clark Green City (CGC) project.

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The Swedish entities are IVL Swedish Environmental Research Institute, a foundation jointly owned by the Swedish government and industry; ElectriCITY, a non-profit organization composed of major companies operating in Sweden; and Xeric AB, a firm that specializes in providing business consultancy services for small and medium enterprises.

Arnel Paciano Casanova, BCDA president and chief executive officer, said the MOU created a non-binding framework for further discussions regarding potential collaborative opportunities in relation to sustainable urbanization, best practices in urban development, and business solution services.

The CGC is a 9,450-hectare master planned property within the Clark Special Economic Zone in the province of Tarlac, Philippines.

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