New Clark City in the province of Tarlac will become the host to the country’s newest technology hub, the first of its kind outside the National Capital Region. It will also be the Bases Conversion and Development Authority (BCDA) flagship project, to date.
Via a statement, BCDA announced the signing of the Memorandum of Understanding (MOU) with the provincial government of Tarlac concerning the transformation of the 47-hectare plot of land at New Clark City into a technology hub.
The signing of the MOU took place at Camp John Hay, Baguio City last August 11 involving Tarlac Governor Susan Yap and BCDA President and Chief Executive Officer Joshua Bingcang.
Per the MOU, both parties agreed that the allocated land shall become Central Luzon’s smart and green metropolis and shall house complex technological infrastructures, such as hyperscale data centers. Further, a part of the project shall also be used as a site for research and development, logistics, and agro-industry.
Part also of the deal is the granting of usufructuary rights to the provincial government of Tarlac for the use of the parcel of land.
Bingcang said that the milestone undertaking was a cumulation of years of development in the fields of information and communications technology (ICT), research and development, large data, etc.
Yap, meanwhile, highlights the location as strategic, while disclosing its benefits to the inhabitants of Tarlac—that is, to bring in investments and to open up job opportunities.
With a total land area of 9,450 hectares, the New Clark City project is BCDA’s biggest land development project, yet.