BCDA, Korean agency ink MOU for green city project-A A +A
Friday, January 10, 2014
CLARK FREEPORT -- The state-owned Bases Conversion and Development Authority (BCDA) had signed a Memorandum of Understanding (MOU) with the South Korean agency in connection with the development of a green city in Central Luzon.
Arnel Paciano Casanova, BCDA president and Chief Executive Officer, said the initiative will pave the way for the BCDA to gain new insights in building the Philippines’ first smart and green city.
The Central Luzon Green City will be positioned as the new international business district in the Southeast Asian region, according to Casanova.
Casanova said he recently signed a MOU with Incheon Free Economic Zone Authority (IFEZA) Commissioner Jong-Cheol Lee to explore potential collaborative opportunities.
This is in relation to sustainable urbanization with IFEZA’s experience with the Songdo International Business District and BCDA’s planned Clark Green City (CGC).
The signing ceremony was done via video teleconferencing -- IFEZA Commissioner Jong-Cheol Lee in Korea and Casanova in Makati.
According to Casanova, IFEZA has successfully launched the Songdo International Business District within the Incheon Free Economic Zone in 2009 as an international city that integrates the best practices of urban planning and sustainable design principles with a synergistic mix of residential, commercial, retail land civic uses in a master-planned environment.
Casanova said is envisioned to complement and create synergy with Songdo by being the international business hub of the Southeast Asian Region.
“The MOU is a first step, and with further discussion, it can lead to a possible strategic relationship between BCDA and IFEZA to foster technical cooperation that encompasses the whole range of assistance activities designed to develop human resources,” Casanova said.
“BCDA’s vision is a community with embedded innovative IP-enabled technology in a green and sustainable city that will serve as the backbone to facilitate solutions to promote new economic opportunities,” he added.
Under the MOU, the BCDA and IFEZA agree to pursue cooperation and develop synergies towards common goals through building on each others respective comparative strengths and advantages by providing assistance aimed at strengthening individual and organizational capacity by providing technical training and expertise; technical assistance to personnel involved in the implementation and the management of the CGC; assistance for the implementation of joint studies on cooperative matters in the areas of mutual interest; and sharing of implementation policy and regulatory know-how regarding Free Economic Zones/ Special Economic Zones.
Published in the Sun.Star Pampanga newspaper on January 11, 2014.