Set to emerge as Asia’s next aerotropolis, Clark is a strategic investment opportunity, the Bases Conversion and Development Authority (BCDA) said.
Clark, the next big investment in Asia!
BCDA is one of the key government agencies tasked to implement President Duterte’s ambitious Build Build Build program that will improve and modernize the Philippines’ infrastructure. Build Build Build is the boldest, most ambitious infrastructure program in recent history.
“Clark is on its way to becoming Asia’s next aerotropolis with the development not only of the airport, but the Clark Freeport as well, and the construction of the first smart, green, and resilient New Clark City (NCC),” BCDA Vice President for Business Development and Operations Group Joshua Bingcang said.”
A brand new city of over 9,450 Hectares!
The Philippines is being called : Asia's Rising Tiger. But what exactly does this mean?
Posting a GDP growth of over 6.7% in 2017, the country has one of the fastest growing economy in the world, expanding at a rate unseen in the past 5 decades.
The good news, it's just getting started!
The Philippines has design a brand new city to be the nucleus of this economic renaissance.
Less than one hour drive from the capital, Manila, straddled by hills and blessed by tropical climate all year long, they are building the city of the future. A landmark developement twice the size of Manhattan.
Originally developed by the Americans for its secure and strategic location in Asia-Pacific,
Clark is being transformed into a disaster-resilient Metropolis that will be competitive and attractive to a global market.
It will consist of four main districts :
1) The clark freeport zone - an existing mix-used complex established in the 90's
2) Clark Global City - that will serve as the primary business district.
3) New Clark City - which will house satellite government offices and a first class sport village.
4) Clark International Airport - The Clark International Airport (CRK) is envisioned to be a major gateway, with its capacity expected to increase to 80 million passengers yearly at full development.
A new world-class terminal building, which broke ground last December 2017, is projected to accommodate eight million passengers per annum. Phase 1 is expected to be completed by June 2020.
This city will ensure that travel is comfortable while trade is seamless, a city unmatched in connectivity, with access to world class high ways and the services of high speed rail-ways.