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BCDA approves new BSP complex in Clark
The Bases Conversion and Development Authority (BCDA) has approved the 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, aims to decongest Metro Manila and will accelerate countryside development and job creation.
BCDA President and CEO Joshua Bingcang stated the complex will strengthen institutions for generations to come and ensure uninterrupted BSP operations during disruptions.
The detailed design phase is set to conclude by August, with the procurement process for a general contractor expected in December.
The 50-year lease agreement is renewable for another 25 years.
The construction and eventual operation of the facility are anticipated to invigorate the local economy in Tarlac and surrounding provinces through increased demand for housing, retail, transportation, and public services.
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