BCDA, ecozone developer team up for 100-ha science park
The Bases Conversion and Development Authority (BCDA) on Thursday said it was working with Science Park of the Philippines Inc. (SPPI) to develop a 100-hectare industrial park in New Clark City, a joint venture expected to create 30,000 new jobs.
The BCDA said it signed last Jan. 23 a 50-year lease agreement with SPPI and secured a P30-billion investment commitment from the industrial estate developer and its locators.
According to the BCDA, SPPI is known for developing innovative and sustainable industrial parks, with six such hubs established across Central Luzon, southern Luzon and Central Visayas.
Jobs creation
“At the heart of this partnership is a common goal: to create jobs and empower the local economy. By developing this industrial park, the project is set to open up thousands of job opportunities, not just in construction and manufacturing but across a variety of industries,” BCDA president and chief executive officer Joshua Bingcang said in a statement.
The BCDA said that the tens of thousands of new jobs from the planned science park will span various sectors, including food production, textiles, automotive parts, electric vehicles, semiconductors and data centers.
The agency said this job creation aspect of the project will contribute significantly to the area’s sustained economic development.
Aside from creating jobs, the BCDA said that the planned science park is also projected to generate an estimated P1.9 billion in income tax revenues for the national government.
The BCDA said this will contribute substantially to the national economy by supporting public funds for nation-building projects.
“We feel that in our own modest way, we have been able to contribute to the economic growth of the Philippines by putting up world-class industrial estates, which enable us to attract manufacturing and technology companies to set up shop in our country,” SPPI chair Guillermo Luchangco said.
