The Bases Conversion and Development Authority (BCDA) yesterday said it has partnered with Science Park of the Philippines Inc. (SPPI) to develop a 100-hectare industrial park in New Clark City, Capas, Tarlac, which is seen to generate P30 billion investments and create 30,000 new jobs.
The BCDA in a statement yesterday said it signed on Jan. 23, 2025, a 50-year lease agreement with SPPI to develop the industrial park.
It said SPPI is renowned for its innovative and sustainable industrial parks, with six premier sites across Central and Southern Luzon and Central Visayas that serve both local and multinational enterprises.
SPPI is the developer of Light Industry Science Park 1, 2 and 3 and the Cebu Light Industrial Park.
“At the heart of this partnership is a common goal: to create jobs and empower the local economy. By developing this industrial park, the project is set to open up thousands of job opportunities, not just in construction and manufacturing but across a variety of industries,” said BCDA president and chief executive officer Joshua Bingcang.
BCDA said industries to locate in the industrial estate include food production, textiles, automotive parts, electric vehicles, semiconductors and data centers.
The project is also poised to generate an estimated P1.9 billion in income tax revenues for the national government, contributing substantially to the national economy by supporting public funds for nation-building projects.
BCDA said SPPI chairperson Guillermo Luchangco gave his commitment to deliver a development that would not only meet, but ideally exceed, the standards set forth.
“We feel that in our own modest way, we have been able to contribute to the economic growth of the Philippines by putting up world-class industrial estates which enable us to attract manufacturing and technology companies to set up shop in our country,” Luchangco said in the BCDA statement.
