MANILA – The Bases Conversion and Development Authority (BCDA) announced on Thursday that it has signed an agreement with the provincial government of Tarlac to develop a 47-hectare property inside New Clark City into a new technology hub.
The BCDA said the Memorandum of Understanding (MOA) was signed on August 11 by BCDA President and CEO Joshua Bingcang and Tarlac Governor Susan Yap.
“We are grateful that through the efforts of the Tarlac Provincial Government, we are realizing our dream of developing New Clark City as a Philippine model for future smart cities. This step is the culmination of years of hard work by the government and the private sector to attract investment in ICT, big data and R&D, among others,” Bingcang said in a statement.
For his part, Yap said the partnership will bring more investment and open job opportunities for people in the province.
“Rest assured that the provincial government of Tarlac will be there, hand in hand, to support BCDA’s dreams and aspirations for this next frontier of development,” she said.
Under the MOU, the BCDA grants usufruct rights to the Provincial Government of Tarlac for the use of said property.
The public agency, which transforms former military bases into economic hubs, also said that the land will be used, among other things, to establish, develop and institutionalize a hub for agro-industry, research and development, logistics and d ‘other complex technological facilities such as large-scale data. centers.
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