Sunday, August 19, 2018

BCDA: Central Luzon businessmen cite Clark infra for high reg’l economic growth

clark-international-airport May 24, 2018 @ 7:03

Central Luzon business chambers have hailed the key infrastructure developments in Clark for pushing the region’s economic growth to 9.3 percent in 2017, according to Bases Conversion and Development Authority (BCDA).

In a statement released on Wednesday, May 23, BCDA noted that the Central Luzon business chambers attributed the growth expansion on the high-impact projects under the Build Build Build Infrastructure Program including the New Clark City, the Clark International Airport, the Manila-Clark Railway and the Subic-Clark Railway.

“I commend the Duterte administration for making Clark a part of the country’s economic strategy as the region has been experiencing an influx of new businesses and investments for the past five years,” Pampanga Chamber of Commerce and Industry, Inc. President Jess Nicdao said as quoted by BCDA.

BCDA has been pushing for the 9,450-hectare New Clark City, the country’s first smart, disaster-resilient, and sustainable city.

It will have a mixed use of residential, commercial, agro-industrial, educational institutions, and information technology developments, it said.

Railway projects in the pipeline and ongoing construction of access roads inside the city will also provide interconnectivity and better logistics throughout the region, BCDA added.

The Central Luzon’s 2017 gross regional domestic product growth, however, was slower compared with the 9.5 percent rate in 2016, the National Economic and Development Authority Regional Office 3 earlier reported.

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