CLARK Green City, a 288-hectare city development of the Bases Conversion and Development Authority (BCDA) and Filinvest Land Inc. (FLI), is set to break ground in the first quarter of 2016, a top official of the BCDA said.
Arnel Paciano Casanova, BCDA president and chief executive officer, told reporters in a chance interview late last week that the BCDA is finalizing the contract with its partner developer FLI.
“We’re now finalizing the contract, the joint venture with FLI,” Casanova said. “We will be breaking ground by the first quarter of next year.”
The P160-million development is seen to ease the pressure of Metro Manila’s ballooning population and will be the country’s first smart, green, and disaster-resilient metropolis
Casanova said starting with the initial 288-hectare development is the best way to go about establishing a new city.
“If you spread thinly the development, it may not be good also because currently the price of land there is very cheap. So if you dispose everything in one go, that means the price of land is very cheap,” he explained.
Casanova said their strategy is to start small and expand as needed.
“If you build on 288 hectares and it becomes successful just like BGC (Bonifacio Global City), then [the price]all of the other parcels will be higher,” the BCDA president said.
Casanova said that the development is seen to enhance Manila as it will take off some pressure from the capital. He also said Clark Green City can be an economic backbone once finished.
“It will enhance Manila, it will ease the pressure off Manila, allowing it to recreate itself, at the same time form a city that will serve as an economic backbone of the country,” he said.
He said secondary cities like Cebu, Davao, and Zamboanga should also step up in terms of development to help ease the congestion in Manila.
“Here in Luzon, the opportunity is here in Metro Manila and Clark,” Casanova said.
Clark Green City is a 9,450-hectare planned metropolis in the Clark Special Economic Zone. The BCDA is set to develop the initial 288 hectares of the 9,450-hectare master plan.