The Bases Conversion and Development Authority (BCDA) sought the support of the United Kingdom (UK) government and UK-based investors for the financing and implementation of two major sustainability projects in New Clark City with a combined project cost of P13.26 billion.
At a UK Familiarization Visit on Financing and Delivering Sustainable Infrastructure Projects, BCDA presented the proposed 33.89-hectare mixed-income housing project costing P10.68 billion and the New Clark City Central Park, with a project cost of P2.58 billion
The park is a 44.8-hectare open recreational space envisioned to become one of the largest public parks in the Philippines.
The conceptual plans and feasibility studies for both projects were spearheaded by the UK Foreign, Commonwealth, and Development under the Global Future Cities Initiatives Program.
Among the organizations met by the Philippine delegation were the Department for Business and Trade , the UK Export Finance, Infrastructure and Projects Authority, Transport for London, and Crossrail International. They also had the opportunity to meet infrastructure companies, real estate developers, and other private sector investors.
Aside from meetings and roundtable discussions, the BCDA also took the opportunity to join familiarization tours to benchmark and study UK’s best practices on sustainable urban redevelopment and transit-oriented developments (TODs) to guide the agency for the TODs in Bonifacio Global City and in Clark.
