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Kick start your day, April 12: Aquino leads ground breaking rites for Clark Green City

Plus, a Malaysian toll operator considers bidding for second NLEX-SLEX connector road project.
By Entrepreneur Staff |

MORE RESILIENT PHILIPPINES. President Benigno Aquino III said the Clark Green City will be an embodiment of his administration's goal to create a disaster-free model city. Photo from www.gov.ph

 

President Benigno Aquino III formally kicked off the construction of the Clark Green City in Pampanga in a groundbreaking ceremony at the site on Monday (April 11).

 

The President said the P607 billion ($13.16 billion) will embody his administration’s vision for a “more resilient Philippines.”

 

The Clark Green City is set to be the next modern, green, and disaster-resilient metropolis in the country. It is a project initiated by the Bases Conversion and Development Authority (BCDA).

 

The new business hub would occupy 9,450 hectares of land within the Clark Special Economic Zone. “Just to give us an idea of the Clark Green City’s scale, the Bonifacio Global City is roughly 200 hectares,” Aquino said.

 

The development is set to be “a city in every sense of the word.” Upon its completion, it is expected to be home to various businesses, retail outlets, office rentals, and residential parks. It is estimated to accommodate up to 1.12 million residents and some 800,000 workers.

 

The new green city adopts a design that is could cope with flooding, as the lowest elevation in the entire development would be about 56 meters above sea level. A central park would also be constructed to serve as the city’s flood catchment basin.

 

Moreover, with its strategic location, the Clark Green City will also enjoy natural protection from strong typhoons—Sierra Madre mountain range in the east and the Zambales mountains in the west.

 

 

Malaysian conglomerate eyes second NLEx-SLEx connector road project

 

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SECOND CONNECTOR ROAD PROJECT. Malaysian toll operator MTD Group considers mounting a proposal to challenge Metro Pacific Investment Corp's bid to construct the second connector road project that will link North Luzon Expressway with South Luzon Expressway. Image from www.dpwh.gov.ph

 

 

Still about developments, Malaysia’s MTD Group said it is considering lodging a bid for the second elevated connector road project that will link North Luzon Expressway (NLEX) and South Luzon Expressway (SLEX).

 

Once this intention is made formal, it will be the Swiss Challenge (other companies will be given a chance to mount comparative proposals for a project) for the 8-kilometer connector road project initially proposed by the Metro Pacific Investments Corp. (the local infrastructure unit of Hong Kong-based First Pacific Co. Ltd.), headed by Filipino businessman Manuel V. Pangilinan.

 

This proposed connector road will be the second elevated toll road that would link the northern and southern portions of Metro Manila. The first project, Skyway Stage 3, is already being constructed by San Miguel Corp. and is set to be finished in 2017.

 

If this project pushes through, construction is expected to commence by 2017, while completion may possibly be set by 2020. This proposed road deal will cover a 37-year concession period.

 

MTD is among Malaysia’s biggest toll road operators. MPIC, on the other hand, already operates the NLEX, Manila-Cavite Expressway, and Subic Clark-Tarlac Expressway. – James Humarang

 

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James is the managing editor of Entrepreneur.com.ph. Follow him on Twitter, @james_humarang.

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