New Clark City attracts P143-billion investments

Joshua Bingcang, President and Chief Executive Officer of the Bases Conversion and Development Authority (BCDA), announced that New Clark City has garnered P143.22 billion in investments since finalizing its masterplan in 2017.

Speaking at the Build Better More Infrastructure Forum, Bingcang highlighted that these investments are projected to create 103,000 jobs.

“So far, PHP15 billion has already been infused,” he noted.

Specifically, PHP15.92 billion has been invested in this burgeoning metropolis located in Central Luzon.

Looking ahead, PHP127.3 billion in investment commitments are anticipated to be realized in the coming years.

New Clark City represents BCDA’s flagship project, spanning over 9,450 hectares of land. It is envisioned as the Philippines’ pioneering smart, green, and resilient metropolis.