Malaysian firm offers to build P122B New Clark City National Gov’t Center
MTD Berhad Capital has submitted an unsolicited proposal to build a P121.8 billion New Clark City National Government Center.
Under its proposal, MTD Berhad Capital will provide financing of the project, as well as technical and engineering expertise for the construction and operations and maintenance of the 207-hectare New Clark City Government Administrative Center.
The proposed project involves the construction of an extension office of the Philippine President and executive buildings, site development for embassies and international schools, buildings to serve as housing for government employees, sports facilities, a central communications and security command center, public schools, a government hospital, a public library, and buildings for community centers.
BCDA’s proposed site plan for the first phase of the project costs P17 billion, and will cover 50 hectares of the 207-hectare total area of the New Clark City government administrative center.
New Clark City is a new metropolis that will rise in the Clark Special Economic Zone in Tarlac.