THE Bases Conversion and Development Authority (BCDA) said it approved the development of the New Bangko Sentral ng Pilipinas (BSP) Security Complex in New Clark City.
In a statement, the BCDA said the move to Clark from the current security complex site in East Avenue, Quezon City is intended to decongest Metro Manila.
The new 31.3-hectare BSP Security Complex in New Clark City will “accelerate countryside development, stimulate job creation, and strengthen our institutions for generations to come,” BCDA President and Chief Executive Officer Joshua M. Bingcang said.
The detailed design phase is scheduled to conclude by August, while the procurement process to appoint a general contractor is expected in December.
“The facility will ensure uninterrupted BSP operations during disruptions such as natural disasters,” the BCDA said.
“The long-term lease agreement with BCDA, effective for 50 years and renewable for another 25, provides a stable base for BSP’s operations outside Metro Manila,” it added.
It expects the construction of the new BSP facility to generate demand for housing and services when it starts operations.
“This movement of skilled workers and their families will invigorate the local economy, generating new demand for housing, retail, transport and public services in Tarlac and nearby provinces,” Mr. Bingcang said.
The BCDA has broken ground on an 900-unit affordable housing project in New Clark City. Further units will be offered after the first phase.
“The BSP Complex is being designed for Leadership in Energy and Environmental Design (LEED) certification, ensuring world class standards in energy efficiency, climate resilience, and environmental performance,” the BCDA said. — Justine Irish D. Tabile