Capas Mayor Antonio “TJ” Rodriguez said that the draft of a memorandum of agreement between the BCDA and his local government is set to be finalized to make the compensation rate official.
A wide area of Capas is to be covered by the Clark Green City project which is envisioned to become “the Philippines’ most modern and the first technologically-integrated city with a mix of residential, commercial, agro-industrial, institutional and information technology developments, while having a green, sustainable and intelligent community for its residents, workers and business establishments.”
Rodriguez said that about 2,000 families are to be affected by the Clark Green City project. “There was an initial offer of only P50,000-perhectare compensation but that was too low, until we reached on P300,000 per hectare,” he noted.
“The compensation is justified by the fact that the affected folk have been there for a long, long time. Their grandparents tilled those lands, even before the law that declared their farms as part of military reservation during the time of the Americans at Clark,” he noted.
Rodriguez also said that those in homesteads to be affected by the project would be relocated elsewhere. He did not provide details on this.
The Clark Green City will cover 9,450 hectares and was estimated to cost some $14 billion. It will have five districts, namely, government, central business, academic, agri-forestry research and development, and wellness, recreation and eco-tourism districts.
The BCDA has reported that three key property players have already secured bid documents for the initial 288-hectare portion of the project. They were identified as Ayala Land Inc., Filinvest Land, Inc., and Megaworld Corp. secured the bid documents.
BCDA President-CEO Arnel Paciano D. Casanova also announced that upon the request of an interested proponent, BCDA has extended the deadline for the issuance of the terms of reference (TOR), as well as the submission of eligibility documents and final proposals.
The new deadline for the issuance or purchase of the TOR is September 3, 2015 from the original date of July 1.
The new deadline for the submission of eligibility documents and final proposal is 12 noon of September 8, from the original date of July 3.
“BCDA is extending the deadlines to give more time to interested proponents to conduct due diligence on matters
relating to the property and the TOR and to secure necessary eligibility documents for their bids,” Casanova said.
The partnership shall be in the form of a joint venture corporation (JVC) to be owned 45 percent by BCDA and 55 percent by the winning bidder.
The BCDA said the joint venture agreement (JVA) will have a period of 50 years and renewable for another 50 years. The winning bidder shall be responsible for forming the JVC pursuant to the JVA to be signed with the BCDA.
