The provincial government of Tarlac supports the extension of the term and the expansion of the powers of the Bases Conversion and Development Authority (BCDA) citing its contribution to job generation and inclusive growth of the economy of the province.
In a statement, the BCDA said the Sangguniang Panlalawigan of Tarlac passed in July Resolution No. 289-2024, declaring a strong support for Senate Bill No. 2647 which seeks to amend Republic Act 7227.
The bill aims to extend BCDA’s corporate term for efficient continuity of its functions; mobilize residential and affordable housing developments; support pension funds of the Armed Forces of the Philippines; and further promote local and foreign investor confidence.
“Whereas, the BCDA was created to be a prime mover of national development by transforming former military bases and properties into premier centers of economic growth, thereby creating a sustainable urban communities aimed to uplift the lives of Filipinos,” the provincial board stated in the resolution.
The board also said the provincial government of Tarlac and the BCDA have been active partners in the promotion of long-term infrastructure development projects within New Clark City, a 9,450-hectare mixed-use property being developed by BCDA located in the municipalities of Capas and Bamban in Tarlac.
Planned to become the country’s first green, smart, and sustainable city, New Clark City will be a home to about one million residents and will provide an estimated 600,000 job opportunities to Filipinos.
