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BCDA approves new BSP complex in Clark
The Bases Conversion and Development Authority (BCDA) has approved the detailed development plan for the Bangko Sentral ng Pilipinas' (BSP) 31.3-hectare security complex in New Clark City.
The move from East Avenue, Quezon City is intended to decongest Metro Manila and accelerate countryside development and job creation.
BCDA President and CEO Joshua Bingcang stated that transferring critical operations to New Clark City will strengthen institutions for generations to come.
The detailed design phase is expected to conclude by August, with the procurement process for a general contractor to begin in December.
The facility will ensure uninterrupted BSP operations during disruptions such as natural disasters.
The BSP Complex will be leased for 50 years, renewable for another 25, and designed with open spaces to align with New Clark City's smart and green urban planning.
The construction is expected to invigorate the local economy in Tarlac and nearby provinces through increased demand for housing, retail, transport, and public services.
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