MANILA – The Japan government will be putting up investment and resources into Clark Green City to develop it as a primary economic hub in the ASEAN.
In order to help develop the 9,450-hectare Clark Green City project. The Bases Conversion and Development Authority (BCDA) formally signed a cooperation agreement with the government of Japan, through the Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN).
BCDA president and CEO Arnel Paciano Casanova said both parties will now work on the details of the joint venture companies, including but not limited to: the scope of work; function; funding source; authority; responsibility and procedures; and discuss with private sector companies in both the Philippines and Japan as regards to their interest in Clark Green City.
“By putting investment and resources into Clark Green City, the Japanese government will help change it into a primary economic center of the ASEAN economic bloc,” Casanova said in a statement.
He included that the objective is “to make a suitable Project Implementation Framework through exchanging information, research, discussions with private companies and both the governments of the Philippines and Japan, and through leading business sector and feasibility studies, among others.”
The Philippines Clark Green City is focus and set to be the first smart, disaster-resilient and green city of the nation.
By: Jason e.