The Bases Conversion and Development Authority (BCDA) said Wednesday it signed a memorandum of understanding (MOU) with the National Development Co. (NDC) to leverage NDC’s expertise in financing and implementing high-impact projects in New Clark City.
BCDA president and chief executive Joshua Bingcang and NDC general manager Antonilo Mauricio signed the partnership create a collaborative framework for New Clark City’s urban development.
“We thank NDC for sharing its expertise in financing and implementing projects, especially in urban expansion, industrial development, and energy. With over a century of experience, NDC will be instrumental in transforming New Clark City into the country’s first smart, sustainable, and future-ready metropolis,” Bingcang said.
BCDA chairperson Hilario Paredes highlighted the shared vision for national development to enable transformative projects that help New Clark City reach its full potential.
Under the MOU, BCDA and NDC will explore collaboration opportunities and prepare a feasibility study that may include technical and commercial assessments of developments on BCDA properties.
Given its interest in New Clark City’s 9,450-hectare greenfield site in the Clark Special Economic Zone, NDC envisions the city as an inclusive, resilient, sustainable, and smart hub to decongest Metro Manila and drive Central Luzon’s growth.
Mauricio said the partnership allows NDC to leverage BCDA’s expertise in city-building, citing successes like Bonifacio Global City.
As the government’s investment arm, NDC supports ventures across sectors to drive national economic development.
