French, German firms eye projects in New Clark City

MANILA — European companies are keen on operating their business activities in New Clark City, the country’s next metropolis located in Central Luzon, Bases Conversion and Development Authority (BCDA) President and Chief Executive Officer Vivencio Dizon said.

Dizon even told the Philippine News Agency that BCDA expects French firm SEMMARIS to complete a feasibility study on putting up an International Food Market inside the New Clark City by the end of the year.

SEMMARIS is the operator of Rungis International Market, the biggest market in Paris.

The French firm has partnered with Metro Pacific Investments Corp. (MPIC) for the feasibility study of the International Food Market.

“They are doing it right now. Hopefully by end of the year, they have completed the FS (feasibility study), and then we can start developing,” Dizon said.

Last year, the BCDA, SEMMARIS, and MPIC signed a memorandum of understanding for the project.

BCDA eyes the International Food Market as a facility to link buyers and sellers of food and agricultural products, both from the local and foreign markets. The project is also aimed at helping local farmers gain direct market access and earn more income.

Aside from the French firm, German engineering and electronics company Bosch expressed interest in putting up its testing facility inside the New Clark City.

“We recently talked with Bosch of Germany. They want to set up a testing facility in Clark,” said Dizon.

The BCDA chief added that investment interests among local and foreign companies to locate at New Clark City remain strong.

He mentioned that as soon as Surbana Jurong completed the masterplan for the New Clark City, BCDA will further move forward developments in the new metropolis.

“We’re holding off until we get the urban design and standards from Surbana Jurong. It’s hard to keep on accepting without the strict guidelines in place,” Dizon said. (Kris Crismundo/PNA)

Popular

PBBM orders modular shelters in quake-hit areas instead of ‘tent cities’

By Brian Campued President Ferdinand R. Marcos Jr. ordered concerned government agencies to set up modular shelter units instead of tent cities in earthquake-hit areas,...

OP extends P298M financial aid to quake-hit LGUs in Davao, Caraga

By Brian Campued The Office of the President (OP) released a total of P298 million in financial assistance to local government units (LGUs) affected by...

Palace open to SALN transparency, says executive ready to comply

By Darryl John Esguerra | Philippine News Agency Malacañang on Monday expressed support for lifting restrictions on public access to Statements of Assets, Liabilities and...

Palace orders implementation of 10-year plan to boost PH creative industries

By Dean Aubrey Caratiquet As part of the government’s progressive efforts towards growing the country’s creative industries, Malacañang ordered the widespread adoption of the Philippine...