The Bases Conversion and Development Authority (BCDA) signed three new memoranda of understanding (MOUs) with Korean companies on initiatives that will help transform New Clark City into a preferred investment and tourism destination.
BCDA and RMS Platform signed an MOU to explore partnership opportunities on smart city infrastructure development, including a proof of concept on an eGovernment digital platform for New Clark City.
The proposed platform is seen to be a one-stop shop for citizens and locators, providing them access to city information, various web-based services, and online transactions.
BCDA also signed an MOU with Korea Overseas Infrastructure and Urban Development Corporation (KIND) for studies on the development of affordable residential communities in New Clark City.
BCDA and KIND will explore innovative solutions for developing housing projects that are cost-effective and sustainable.
The MOUs were signed on the sidelines of Philippines-Korea Business Forum in Manila last October 7 coinciding with Korean President Yoon Suk Yeol’s first state visit to the country.
On October 8, BCDA and Korea-based Fine TME signed another MOU for the development of a collaborative framework to conduct studies on the efficient operations and maintenance of New Clark City sports facilities.
Through the introduction of latest technologies, this partnership aims to promote New Clark City as a premier hub for national and international sports events in Asia.
Joshua Bingcang, BCDA president and chief executive officer, said the Korean partners will share their expertise in building smart, inclusive cities and will therefore help the agency set global standards on urban development in the country through New Clark City.
“We are confident that with their expertise and technical know-how, we can further transform New Clark City into the Philippines’ model of urban development catalyzed by smart city and sustainable technologies,” said Bingcang.
