The Bangko Sentral ng Pilipinas (BSP) has started the bidding process for a P40-billion new security complex, drawing interest from major infrastructure contractors, an industry source said.
The project, the new BSP Security Complex in New Clark City in Tarlac, could be divided into three packages, the source said. The planned minting office could cost P14 billion. A contractor said it would be “a big project.”
Several large contractors have reportedly submitted bids for the project, although the bidding process remains open.
Procurement for the general contractor is expected to be finalized by the end of the year.
The planned 31.3-hectare complex is designed to decongest Metro Manila, redistribute economic activity and strengthen national resilience by moving key BSP functions to a new location.
The complex is being designed for Leadership in Energy and Environmental Design (LEED) certification, and will feature open spaces aligned with New Clark City’s “smart and green city” design.
Aidea Inc., the project’s architectural and engineering consultant, recently completed the detailed architectural and engineering design documents.
The new complex will house facilities for security printing, minting, refining, cash operations and production of the National ID, among other structures.
The BSP plans to transfer its operations to Clark by 2028. The BSP entered into a 50-year lease agreement with the Bases Conversion Development Corp. in 2021, with an option to renew for another 25 years.
