TARLAC CITY, Tarlac: The construction of a P1.7-trillion project, dubbed the Clark Green City, will start next year in this province.
This was disclosed on Saturday by Arnel Paciano Casanova, president and chief executive of the Bases Conversion and Development Authority (BCDA).
Casanova and his group visited Tarlac to present the importance of the Clark Green City, which will be put up mainly in Bamban and Capas towns, which are immediate neighbors of Clark in Pampanga.
He explained that the project may be named Clark but it is actually a Tarlac venture.
“We adopted the name of Clark because it will be easier for us to sell because Clark is already known worldwide among many investors. Just like Subic which is popularly known abroad than Olongapo City and yet its location is in Olongapo. Next year, President Benigno Aquino 3rd will do the groundbreaking for the P1.5-trillion mega project in Tarlac,” he said.
He added that “sustaining the momentum of the fastest growing economy in Southeast Asia, President Aquino approved the development of a new metropolis that will serve as the new urban core for innovation, commerce, trade and industry.”
Casanova discussed the important components to be put up in the 9,450-hectare Clark Green City project, which will be the first smart, green and disaster-resilient master-planned community in the entire Philippines.
Casanova said the Clark Green City would be a 30-year project. “At full development, Clark Green City will have some 1.12 million residents, 800,000 workers and contribute a gross output of approximately $34 billion a year to the national economy or roughly 4-percent share in the country’s gross domestic product.”
The Clark Green City will be 120 kilometers north of Manila via the North Luzon Expressway and it will be 90 kilometers from the Subic Bay Freeport via the Subic-Tarlac-Clark Expressway.
The completion soon of the Tarlac-Pangasinan-La Union Expressway will also add to the growth of Tarlac, Casanova said, adding that Central Luzon can also be an alternative metropolis to Manila.
“It can be also a hub for international ports because we have Subic for seaport and Clark for an airport. The need to build a new city stems from the projection that the Philippines population will reach a high of some 130 million with about 100 million living in the cities by the year 2030,” he said.
He also said that BCDA believed that now was the opportune time for the government to build a city that will not only absorb the growth of the population.
In November, the BCDA inked a pact with the Swedish government and private firms, the Swedish Environment Institut, ElectricCity and Xeric AB, to develop Clark Green City.
On December 1, President Aquino witnessed the signing of the Memorandum of Understanding between the BCDA and France and private companies like Vivapolis in Paris, France.
Also early this month, the BCDA and Sunray Power Inc. inked a lease agreement for a 260-hectare area in Clark Green City where a 100-megawatt solar power facility worth P11.75 billion will be located.