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New Clark City attracts P143 billion investment pledges

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The New Clark City (NCC), which is being positioned as an investment hub, has attracted over P143 billion worth of investments, according to the Bases Conversion and Development Authority (BCDA).

MANILA, Philippines — The New Clark City , which is being positioned as an investment hub, has attracted over P143 billion worth of investments, according to the Bases Conversion and Development Authority .

Bingcang said the BCDA is focusing on developing 1,000 hectares of the NCC for the Phase 1 development that includes the National Government Administrative Center, where the 2019 Southeast Asian Games were held. Bingcang said the Filinvest Innovation Park covering 120 hectares in NCC is now ready to host manufacturing, cold storage, warehousing, food processing and pharmaceutical industries.

He told reporters the P658 billon project cost for the railway is an initial estimate subject for feasibility study.Special Assistant to the President for Investment and Economic Affairs Frederick Go told reporters earlier, the Subic-Clark-Manila-Batangas railway is estimated to cost $7 billion.

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