State-owned Bases Conversion and Development Authority and the Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development or Join teamed up with Surbana Jurong of Singapore to develop New Clark City.
Surbana Jurong will help BCDA and Join prepare the detailed design standards and guidelines for the new metropolis outside the National Capital Region (NCR).
It will also serve as financial and business advisor for the BCDA for the project.
The Singaporean firm is one of the largest urban, industrial, and infrastructure consulting companies in Asia with 120 offices in countries such as China, India, and Myanmar.
Meanwhile, the state-owned BCDA forged a cooperation agreement with the Government of Japan through JOIN for the development of New Clark City, which was formerly known as Clark Green City.
The New Clark City, a 9,450-hectare property, is located at the Clark Special Economic Zone.
The new metropolis in Central Luzon aims to be the country’s first smart, disaster-resilient, and green city.
When fully developed, New Clark City is expected to contribute about PHP1.57 trillion to the national economy.
