BCDA and Japan ink partnership with Surbana Jurong of Singapore_021218

BCDA and Japan ink partnership with Surbana Jurong of Singapore for full development of New Clark City

The Bases Conversion and Development Authority (BCDA) and Japan Overseas Infrastructure
Investment Corporation for Transport and Urban Development (JOIN) signed a Memorandum of
Cooperation with Surbana Jurong of Singapore on February 12, 2018 in Mactan, Cebu.

Singapore Ambassador to the Philippines Kok Li Peng, Special Advisor to the Prime Minister of
Japan Hiroto Izumi, and Philippines’ Finance Secretary Carlos Dominguez III and other members
of the Cabinet witnessed the signing led by BCDA President and Chief Executive Officer Vivencio
Dizon, JOIN President and Chief Executive Officer Takuma Hatano, and Surbana Jurong Group
Chief Executive Officer Wong Heang Fine.

The collaboration marks the full implementation of New Clark City anchored on the
Comprehensive Master Development Plan developed by BCDA and JOIN, in partnership with
urban planning and engineering firms AECOM, Nippon Koei, and Philkoei International
Incorporated.

In the agreement, Surbana Jurong will assist BCDA and JOIN in drafting the development
management framework, design standard guidelines and environmental guidelines to complement
the masterplan of New Clark City.

“Surbana Jurong is proud to support BCDA and JOIN in developing New Clark City into the next
big metropolis and become a showcase to the world of a smart and green city. We will leverage our
over 50 years of urban and infrastructure development expertise and our global capabilities to
manage the development of the city, and help the Philippine Government bring this vision to
reality,” Surbana Jurong’s Group Chief Executive Officer Wong Heang Fine said.

Surbana Jurong will also help in utilizing Public-Private Partnerships to entice investors to New
Clark City. It will also advise in the implementation plan of pioneer developers in New Clark City
such as Filinvest Land, Inc.’s mixed-use industrial real estate developments, and MTD Capital
Berhad’s National Government Administrative Center. It will also establish the framework of a
smart city concept that will have fully-integrated infrastructure and utilities for power, water,
sewerage, information and communication technology (ICT), security, and traffic management.

Mr. Wong Heang Fine added that “New Clark City has tremendous potential, and we are
committed to be long-term partners in the city’s growth. The transformation of this area will bring
about sustainable growth and create jobs locally, and ultimately bring about long-lasting economic
and social benefits for the country. We look forward to working together with BCDA and JOIN, as
well as international investors and local communities, in making this project a success.”

Surbana Jurong is a wholly owned company of Temasek Holdings Singapore formed through the
merger of renowned urban planning and affordable housing leader Surbana International
Consultants, and industrialization corporation Jurong International. It has 50 years of experience in
the development of Singapore’s urban, industrial and infrastructure landscape.

Meanwhile, JOIN President and CEO Takuma Hatano recognized the significance of the Manila-
Clark Railway (PNR North Railway) project in developing New Clark City as one of Japan’s
biggest projects in the Philippines. The 106-kilometer alignment will connect Tutuban, Manila to
the Clark International Airport and New Clark City.

“The railway will immensely benefit commuters as it will cut down travel time from Manila to
Clark in an hour, from the current 2-3 hours travel time,” Hatano said. He added that the railway is
designed to accommodate around 350,000 passengers per day and will provide an efficient and
more comfortable travel experience to commuters.

The first phase of the project is expected to be completed in 2021. The Manila-Clark Railway is
being implemented by the Department of Transportation in partnership with BCDA, and will be
funded through Japan’s official development assistance. The feasibility study and the detailed
engineering design for the railway will be funded by the Japan International Cooperation Agency
(JICA).

The 9,450-hectare New Clark City is envisioned to be a new metropolis that will rise in the Clark
Special Economic Zone, in Capas and Bamban, Tarlac. It is designed to be the country’s first smart,
green, disaster-resilient city, where nature, lifestyle, business, education, and industries converge,
and will be at par with other modern cities in the world.

New Clark City will feature mixed-use real estate developments for housing, a business continuity
center that would also house national government agencies, an agro-industrial park and an
international food market. The city will have wide pedestrian lanes, exclusive bicycle lanes, and an
integrated mass transit lane. Phase 1 of the project is expected to be completed in 2022.

-END-

References:
Engr. Joshua M. Bingcang –Vice President for Business Development and Operations
Mobile No. 09178039429

Leilani Barlongay-Macasaet – Head, Corporate Communication Office
Mobile No. 0908-8998578

Jackie Yu- Surbana Jurong Group Communications Director
Email: jackie.yuwc@surbanajurong.com