Pres. Duterte Plans $1 Billion Worth of Airport & Rail Contract for Clark Green City

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The President of the Republic of the Philippines, Pres. Rody Duterte confirmed to Bloomberg that he is planning to award at least $1 billion of contracts to build an airport and a railway to transform the former U.S. military base into a commercial hub.

Based upon the plans of the Bases Conversion and Development Authority they wants these projects to be awarded by the second half of 2017 and it should be completed as early as 2019.

Pres. Rody Duterte plans to use the former military base into a commercial hub as part of his mission to distribute wealth outside the alreaddy congested Metro Manila.

In an interview with Bloomberg BCDA Chief Executive Officer stated that they will decide by the first quarter of 2017 whether to invite bids to build or operate the infrastructure, or do both.

He was quoted as saying “We want the investment community to know that this government isn’t just about addressing crime and drugs,” “We’re also here to build, build and build,” Dizon stated.

The Former Clark Airbase Entrance

Pres. Rody Duterte is lifting infrastructure spending to a record and allocating resources away from the capital, Manila, where traffic and transport logjams cost the Philippine economy at least 2.4 billion pesos ($49 million) a day.

Pres. Duterte is attempting to fast track the development of the Clark Green City which has an estimated land area of 9,450 hectares (23,000 acres) of land that could dwarf the main financial district of Makati.

Building infrastructure outside the capital is key to attracting investment and boosting the country’s growth potential to as much as 9 percent, Rosemarie Edillon, deputy director general at the National Economic and Development Authority, said Thursday. Third-quarter economic growth was 7.1 percent, the fastest in Asia.

For clearer view of the Clark Green City, Visit the Clark Green City Files.
Source: Bloomberg

Ed Umbao

Founder of PhilNews.xyz | co-Founder of PhilNews.ph

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