Singapore firm signs deal for New Clark City
State-run Bases Conversion and Development Authority and Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development signed a memorandum of cooperation with Surbana Jurong of Singapore on Monday to start the full development of New Clark City in Central Luzon.
BCDA said the collaboration, signed in Mactan, Cebu, marked the full implementation of the project based on the comprehensive master development plan developed by the agency and Join, in partnership with urban planning and engineering firms AeCom, Nippon Koei and Philkoei International Inc.
Surbana Jurong will assist BCDA and Join under the agreement to draft the development management framework, design standard guidelines and environmental guidelines to complement the masterplan of New Clark City.
“Surbana Jurong is proud to support BCDA and Join in developing New Clark City into the next big metropolis and become a showcase to the world of a smart and green city. We will leverage our over 50 years of urban and infrastructure development expertise and our global capabilities to manage the development of the city, and help the Philippine government bring this vision to reality,” said Surbana Jurong Group chief executive Wong Heang Fine.
Surbana Jurong will also help in utilizing public-private partnerships to entice investors to New Clark City. It will also advise in the implementation plan of pioneer developers in New Clark City such as Filinvest Land Inc.’s mixed-use industrial real estate developments and MTD Capital Berhad’s National Government Administrative Center.
It will also establish the framework of a smart city concept that will have fully-integrated infrastructure and utilities for power, water, sewerage, information and communication technology, security and traffic management.
Othel V. Campos
“New Clark City has tremendous potential, and we are committed to be long-term partners in the city’s growth. The transformation of this area will bring about sustainable growth and create jobs locally, and ultimately bring about long-lasting economic and social benefits for the country. We look forward to working together with BCDA and Join, as well as international investors and local communities, in making this project a success,” Fine said.
Surbana Jurong is a wholly owned company of Temasek Holdings Singapore formed through the merger of renowned urban planning and affordable housing leader Surbana International Consultants, and industrialization corporation Jurong International.
Join president and chief executive Takuma Hatano cited the significance of the Manila-Clark Railway project in developing New Clark City. The 106-kilometer alignment will connect Tutuban, Manila to Clark International Airport and New Clark City.
“The railway will immensely benefit commuters as it will cut down travel time from Manila to Clark in an hour, from the current 2-3 hours travel time,” Hatano said.
He said the railway was designed to accommodate around 350,000 passengers per day and would provide an efficient and more comfortable travel experience to commuters. The first phase of the project is expected to be completed in 2021.