CDC president and CEO Noel Manankil said that “many of CDC’s 25- year contracts or lease agreements signed with locators since CDC was established in 1993 will expire by 2018.”
“Several lease contracts of pioneer locators signed during the formative years of CDC are set to expire in the next few years. The plan will also complement President Duterte’s infrastructure development thrust for Central Luzon” the CDC said in a statement yesterday.
“Anticipating these expirations, CDC is preparing the new MDP for the main freeport to make it more market able, effective, viable, and in harmony with current and planned developments, including the Clark International Airport and Clark Green City development,” Manankil said.
He said “the new MDP aims to optimize the development potentials of Clark without compromising the economic, environmental and social integrity of the Main (Freeport) Zone with the surrounding areas.”
“The new MDP would also incorporate a concomitant business plan that will leverage on the potentials of Clark to incorporate environment friendly, smart and resilient ‘green initiatives’ and fortify the Freeport’s status as a modern industrial estate and premier service and logistics hub in the region” Manankil also said.
He said the MDP “will provide a fresh take on the most strategic approach for further development of the Freeport zone in accordance with the government’s new mantra ‘Build, Build, Build’ whose goal is to usher in the Golden Age of Infrastructure in the Philippines.”
The MDP will also include a total integrated master plan for the Subic-Clark Corridor (CFZ, Clark Civil Aviation complex, Clark Special Economic Zone, and Clark Green City), the proposed North Luzon Railways project, Manila-Clark Airport Express Railway, and the 60-kilometer railway that will connect Clark and Subic, he added.
