The Bases Conversion and Development Authority (BCDA) will launch Clark Green City within the first quarter of the year, Arnel Paciano Casanova, President and CEO of BCDA, said.
The new city will have industrial estates, residential, mixed-use and institutional areas.
He said BCDA is already talking with 11 major property developers for the 9, 500 hectare site. First to be developed will be 1,300 hectares to be subdivided into 100 or 200 hectares each.
Clark’s huge area can accommodate the 11 developers, Casanova said.
“This is a special economic zone. So there could be a direct negotiations with foreign investors. Our local partners can come in and participate depending on the nature of their plans,” he said.
Meanwhile, BCDA is now aggressively pursuing the development of Bonifacio South.
“Hopefully the SC [Supreme Court] will come up with the decision. aI’ve written all the justices about the case and the importance of the case and the immediate resolution of that property. If we are able to bid out South Bonifacio then it’s a windfall” he said.
“We’re very excited on what’s happening with the SCTEX (Subic–Clark–Tarlac Expressway) price challenge. We just had a successful conference attended by MNTC
(Manila North Tollways Corp.), San Miguel and a law firm. All questions had been answered, issues were raised, clarified. So the submission of the bids or the challenges will be on January 30.