The Bases Conversion and Development Authority (BCDA) and the Provincial Government of Tarlac have forged a strategic partnership, which will pave the way for the development of a 47-hectare technology hub in New Clark City.
On 11 August 2023, BCDA President and Chief Executive Officer Joshua M. Bingcang and Tarlac Governor Susan A. Yap signed a memorandum of agreement (MOA) for the development of a 47-hectare property in New Clark City. BCDA Executive Vice President Atty. Gisela Z. Kalalo and Tarlac Vice Governor Atty. Carlito S. David served as witnesses.
FROM LEFT: Bases Conversion and Development Authority (BCDA) Executive Vice President and COO Atty. Gisela Z. Kalalo, BCDA President and CEO Engr. Joshua M. Bingcang, Tarlac Provincial Governor Susan A. Yap, and Tarlac Vice Governor Atty. Carlito S. David. BCDA photo.
Under the MOA, the BCDA grants usufructuary rights to the Provincial Government of Tarlac for the use of the subject property. The land shall be used for the purpose of establishing, developing, and institutionalizing a hub for agro-industry, research and development (R&D), logistics, and other complex technological facilities like hyperscale data centers.
“We are grateful that through the efforts of the Provincial Government of Tarlac, we are realizing our dream of developing New Clark City as the Philippines’ model for future smart cities. This milestone is a product of years of hard work by the government and the private sector to bring in investments in the fields of ICT, big data, and R&D, among others,” said BCDA President and CEO Engr. Joshua M. Bingcang.
PHOTO CAPTION: Bases Conversion and Development Authority (BCDA) President and CEO Engr. Joshua M. Bingcang and Tarlac Provincial Governor Susan A. Yap on the sidelines of the MOA signing event held on Friday, 11 August 2023. BCDA photo.
“It is our pride that New Clark City, a smart and sustainable metropolis, is strategically located in Tarlac. Through this partnership with BCDA, we will be bringing in investments and eventually opening up employment opportunities for the people of Tarlac. Rest assured that the Provincial Government of Tarlac will be here, hand in hand, to support the dreams and aspirations of the BCDA for this next frontier of development,” said Tarlac Governor Susan A. Yap.