CLARK FREEPORT -- The Bases Conversion and Development Authority (BCDA) pitched to international firms the investment opportunities for New Clark City (NCC).
The BCDA presented the 288-hectare Filinvest NCC development during the recent “Belt & Road Summit” held in Hong Kong.
BCDA vice president for Investments Promotion and Marketing Joanna Eileen Capones presented the Filinvest development as a future-ready and eco-friendly mixed-use township offering a vibrant live-work-play-learn environment during the summit.
Capones highlighted that the Filinvest project complements NCC’s smart, resilient, and sustainable features.
Filinvest’s property is strategically located in the National Government Administrative Center at the NCC. It is also accessible via road networks that connect to the Subic-Clark-Tarlac Expressway and the Clark International Airport which will be the next global gateway in Asia.
“Filinvest was the first private group that believed in our bold vision for NCC. They have been building Filipino dreams through master-planned communities that enrich the lives of many people, and we want to tread on that same path as we develop Clark,” Capones said.
Filinvest’s mixed-use industrial area will house an Innovation Park, a research and development (R&D) district, and a lifestyle mixed-use district for hotels, office buildings, and commercial establishments.
Filinvest Innovation Parks at New Clark City covers 120 hectares of the township and is designed to be a key progress catalyst in the north of Metro Manila. Phase 1 of the business hub spans an area of 62-hectares and is slated to be operational by first quarter of 2020. It will also accommodate local and foreign industries such as the light manufacturing sector, logistics, storage, warehousing, cold storage, and food processing.
The innovation parks offer unparalleled accessibility, built-to-suit options for possible customization of facilities, various modern facilities, as well as, attractive fiscal incentives for investors as it is within a PEZA-accredited zone. Meanwhile, the R&D District will be a campus-type area wherein locators will provide support for the Innovation Park.
Other developments include a commercial mixed-use district that features local and global brands. A residential district with mid-rise condominiums will also be constructed, designed to highlight the location’s natural topography surrounded by open spaces and lush mountain views.
An education cluster will also be developed to provide schools that offer primary to tertiary education, as well as, TESDA-accredited courses to complement the industrial park.
A city park is envisioned to be a family-centric destination that will adopt green features such as bioswale and aquaponic wetlands and will promote a vibrant F&B scene with healthier food options. The park will also have leisure walkway and cycling park loop, and will be a good place for interactive public art and events.
NCC continues to drive growth as it houses the world-class sports complex to be used during the 30th South East Asian Games (SEA) in November and a government center that will decongest Metro Manila. To promote a sustainable mode of transportation, self-driving cars will also be used to transport athletes inside the NCC sports complex during the games.