The Bases Conversion and Development Authority said Monday it received a P121.8-billion unsolicited proposal from MTD Berhad Capital of Malaysia to establish the 207-hectare New Clark City National Government Administrative Center through a joint venture agreement.
MTD Berhad Capital is a Malaysia-based investment holding company with interest in civil engineering and construction, infrastructure development, real estate and property development, energy, ports and manufacturing of construction related materials.
MTD Berhad proposed to provide financing of the project, as well as technical and engineering support for the construction and operations and maintenance of the New Clark City Government Administrative Center.
All of its components, salient features and terms shall be subject for thorough review, negotiations and approval of BCDA
MTD Berhad said the national government administrative centre would not just house satellite offices but also the major administrative offices of various executive departments and agencies.
It proposed to construct an extension office of the Philippine President and executive buildings, site development for embassies and international schools, buildings to serve as housing for government employees, sports facilities, a central communications and security command center, public schools, a government hospital, a public library and buildings for community centers.
The proposed site for the first phase of the project with a cost of P17 billion will cover 50 hectares of the 207-hectare total area of the New Clark City government administrative center.
MTD Berhad’s proposal follows the practice of other progressive areas such as Putrajaya in Malaysia and Sejong City in South Korea by establishing national government administrative centers outside the country’s capital”•helping ease traffic congestion and overpopulation in the metropolitan area.
New Clark City, a flagship project of the BCDA, is a new metropolis that will rise in Capas and Bamban, Tarlac.
It is envisioned to be the country’s first and only smart and green city, which will feature mixed-use real estate developments, an agro-industrial park and a food processing terminal.
The New Clark City complements other big-ticket projects including the Clark International Airport expansion and the Subic-Clark Cargo Railway which aim to provide interconnectivity in the whole archipelago, and provide an efficient mass transportation for Filipinos.
MT Berhad is the parent company of AlloyMtd Philippines.