PH offers 500 hectares of New Clark City to Chinese companies



The government-managed Bases Conversion and Development Authority (BCDA) supervises the allocation of 300-500 hectares (ha) of land within the rapidly emerging New Clark City for a planned industrial park with Chinese locators.

BCDA president and chief executive Vivencio B. Dizon told reporters last week that the Chinese side initially wanted to build on 1,000 hectares, which would be impossible given the terrain.

Dizon said that Philippine and Chinese governments are expected to sign the agreement to build the industrial park in November, when Chinese President Xi Jinping visits the Philippines.

The BCDA would then have to publish a blueprint within six months that is aligned with the New Clark City master plan, Dizon said.

"Industrial sites must be contiguous and flat, so that must be done [planned] together with the BCDA, "explained Dizon.

Construction of the industrial park would begin by the end of next year, he said. Chinese investments in mainly light and medium-sized industries were expected to come when the industrial park is ready.

"The deal is she [the Chinese] develop, and they are also the ones to bring in [investors]"It's a package deal," says Dizon.

Finance Secretary Carlos G. Dominguez III said that car factories, robotics assembly plants and semiconductor facilities, laboratories and training facilities could be hosted in the China-led industrial park.

Dominguez said that setting up an industrial park where Chinese investors live is "a very good move for us" as their operations could serve as a regional basis given the free trade regime within Asean.

Dominguez said it helped that the vast land was owned by the government, and thus easier to develop with the Chinese.

"That's all our country, so it's not a matter of buying land, that's how the industrial parks were developed here: the private sector bought land and that took a lot of time, so in our case it's already there – there are no problems priority and it is our country It is government land so we develop it, it is improved and it becomes your asset, "said Dominguez.

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PH offers 500 hectares of New Clark City to Chinese companies



The government-managed Bases Conversion and Development Authority (BCDA) supervises the allocation of 300-500 hectares (ha) of land within the rapidly emerging New Clark City for a planned industrial park with Chinese locators.

BCDA president and chief executive Vivencio B. Dizon told reporters last week that the Chinese side initially wanted to build on 1,000 hectares, which would be impossible given the terrain.

Dizon said that Philippine and Chinese governments are expected to sign the agreement to build the industrial park in November, when Chinese President Xi Jinping visits the Philippines.

The BCDA would then have to publish a blueprint within six months that is aligned with the New Clark City master plan, Dizon said.

"Industrial sites must be contiguous and flat, so that must be done [planned] together with the BCDA, "explained Dizon.

Construction of the industrial park would begin by the end of next year, he said. Chinese investments in mainly light and medium-sized industries were expected to come when the industrial park is ready.

"The deal is she [the Chinese] develop, and they are also the ones to bring in [investors]"It's a package deal," says Dizon.

Finance Secretary Carlos G. Dominguez III said that car factories, robotics assembly plants and semiconductor facilities, laboratories and training facilities could be hosted in the China-led industrial park.

Dominguez said that setting up an industrial park where Chinese investors live is "a very good move for us" as their operations could serve as a regional basis given the free trade regime within Asean.

Dominguez said it helped that the vast land was owned by the government, and thus easier to develop with the Chinese.

"That's all our country, so it's not a matter of buying land, that's how the industrial parks were developed here: the private sector bought land and that took a lot of time, so in our case it's already there – there are no problems priority and it is our country It is government land so we develop it, it is improved and it becomes your asset, "said Dominguez.

Do not miss the latest news and information.

Subscribe to INQUIRER PLUS to access The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download from 4 hours and share articles on social media. Call 896 6000.

Contact us for feedback, complaints or questions.


Source link

PH offers 500 hectares of New Clark City to Chinese companies



The government-managed Bases Conversion and Development Authority (BCDA) supervises the allocation of 300-500 hectares (ha) of land within the rapidly emerging New Clark City for a planned industrial park with Chinese locators.

BCDA president and chief executive Vivencio B. Dizon told reporters last week that the Chinese side initially wanted to build on 1,000 hectares, which would be impossible given the terrain.

Dizon said that Philippine and Chinese governments are expected to sign the agreement to build the industrial park in November, when Chinese President Xi Jinping visits the Philippines.

The BCDA would then have to publish a blueprint within six months that is aligned with the New Clark City master plan, Dizon said.

"Industrial sites must be contiguous and flat, so that must be done [planned] together with the BCDA, "explained Dizon.

Construction of the industrial park would begin by the end of next year, he said. Chinese investments in mainly light and medium-sized industries were expected to come when the industrial park is ready.

"The deal is she [the Chinese] develop, and they are also the ones to bring in [investors]"It's a package deal," says Dizon.

Finance Secretary Carlos G. Dominguez III said that car factories, robotics assembly plants and semiconductor facilities, laboratories and training facilities could be hosted in the China-led industrial park.

Dominguez said that setting up an industrial park where Chinese investors live is "a very good move for us" as their operations could serve as a regional basis given the free trade regime within Asean.

Dominguez said it helped that the vast land was owned by the government, and thus easier to develop with the Chinese.

"That's all our country, so it's not a matter of buying land, that's how the industrial parks were developed here: the private sector bought land and that took a lot of time, so in our case it's already there – there are no problems priority and it is our country It is government land so we develop it, it is improved and it becomes your asset, "said Dominguez.

Do not miss the latest news and information.

Subscribe to INQUIRER PLUS to access The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download from 4 hours and share articles on social media. Call 896 6000.

Contact us for feedback, complaints or questions.


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