CLARK, Pampanga, Aug. 9 -- The government is set to pour in billions in investment to position Clark as the next premier investment center of Asia.
The move is part of the Build Build Build program wherein the government will invest in high-impact legacy projects that will usher in the golden age of infrastructure in the country.
Through the Bases Conversion Development Authority (BCDA), the government will implement the infrastructure projects for the development of Clark and its environs which is seen to benefit the people of Central Luzon.
The projects include the PHP12.5-billion Clark International Airport New Terminal Building (Phase 1); PHP57.2 billion Subic-Clark Cargo Railway; PHP105 billion Manila-Clark Railway (Phase 1) and the multi-billion dollar New Clark City, among others.
For 2017 alone, the government allocated 5.4 percent of the gross domestic product for infrastructure spending.
To attain this bold and ambitious infrastructure vision, the government will spend a total amount of P8.4 trillion (approximately USD 160 billion) for infrastructure in the next six years.
Some PHP12.5 billion is allocated for the construction of the first phase of the Clark International Airport New Terminal Building, which is projected to increase passenger capacity by 8 million per year from the existing 4.2 million passengers per year, for a total of 12.2 million passengers per annum.
The ultimate target is 80 million passengers per year upon completion of the fourth phase under the latest masterplan.
The New Clark City, on the other hand, will have different features such as the creation of a national government center (PHP83 billion); a food processing terminal and international food market (PHP31.3 billion); and mixed income development housing (PHP8.3 billion).
Of the 9,450-hectare New Clark City, BCDA will preserve approximately 70 percent of the total land area as open spaces for agriculture and forest land. Only 3,250 hectares will be developed for urban use. (Marna Dagumboy-del Rosario/PNA)
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