Advertisement

BSP signs land deal for Clark complex

The Bangko Sentral ng Pilipinas and the Bases Conversion and Development Authority signed on Wednesday a contract containing the terms of the BSP’s lease of the land on which a new complex in New Clark City in Capas, Tarlac will rise.

BSP Governor Benjamin Diokno and BCDA president and chief executive Vince Dizon signed the contract virtually.

The contract covers the lease of a parcel of land spanning 313,171 square meters, conveniently located along the New Clark City-SCTEX access road. The terms of the lease will be for 50 years starting from the date of signing, with the option to renew for another 25 years, upon mutual agreement of both parties.

Diokno said the new facility would strengthen the strategic foothold of the BSP in the country’s key growth corridors, in pursuit of its mandates in the areas of currency and securities production and distribution.

“Today the BSP’s vision for this facility takes one significant step closer to reality,” Diokno said in a statement.

Topics: Bangko Sentral ng Pilipinas , Bases Conversion and Development Authority , New Clark City , BSP Governor Benjamin Diokno , Vince Dizon
COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Manila Standard. Comments are views by manilastandard.net readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of manilastandard.net. While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with Manila Standard editorial standards, Manila Standard may not be held liable for any false information posted by readers in this comments section.
AdvertisementSpeaker GMA
Advertisement