Home Headlines BCDA presents NCC’s strong investment portfolio to ADB

BCDA presents NCC’s strong investment portfolio to ADB

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CLARK FREEPORT — The speedy construction of the New Clark City (NCC) sports complex was presented by the Bases Conversion and Development Authority (BCDA) at the recent Asian Development Bank’s (ADB) Board and Management Retreat held at the Clark Marriott Hotel here recently.

“The world-class NCC sports complex was constructed within 18 months and just in time for the Philippines’ hosting of the 30th Southeast Asian (SEA) Games,” said BCDA president-CEO Vince Dizon as he showcased the progress at the NCC Phase 1, adding that such progress “can be attributed to the Duterte government’s exceptional leadership of getting things done fast.”

Envisioned to be a training hub of national athletes, the NCC features the 20,000-seater Athletics Stadium, the 2,000-seater Aquatics Center, an Athletes’ Village complete with housing amenities and a 1.4km River Park Corridor that will provide recreational spaces for residents.

“The value proposition of NCC is that it’s well-planned and hopefully with the continued momentum of what President Duterte has started, not fall into the traps of urban centers throughout the world. You will have a very livable city where there’s generous green spaces and efficient public transport system,” Dizon said.

Other sustainable pioneer developments at NCC include the 288-hectare Filinvest multi-gen metropolis that will adopt a “live, learn, work and play” environment, as well as the 500-hectare mixed-use industrial park, in partnership with Gezhouba of China.

The National Government Administrative Center (NGAC) is also gaining traction from government institutions such as the Supreme Court of the Philippines which will establish a 5.8-hectare Judiciary Complex and the Bangko Sentral ng Pilipinas which will transfer its 29.22-hecatare currency production facility at NCC.

Set to emerge as the next major gateway, the Clark International Airport will open a new terminal next year that will triple passenger capacity to 12 million annually.

A unique advantage of the Clark airport is its strategic connection to major infrastructures such as the North Luzon Expressway and the Subic-Clark-Tarlac Expressway.

A road link from the Clark airport to NCC is also being constructed to boost accessibility in the area.

Dizon expressed gratitude for ADB’s continued support to the development of NCC as BCDA’s public-private partnership transaction adviser to water and power utilities and as a partner in conducting a Biodiversity Assessment and Hydrology Study meant to conserve the flora and fauna in the city.

Dizon said ADB has also been vital in the construction of the Malolos-Clark Railway Project which will further enhance interconnectivity and economic growth in Central Luzon.

The project is part of the 163-kilometer North-South Commuter Railway that will connect Metro Manila to the region.

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