BAGUIO CITY — The state-run Bases Conversion and Development Authority (BCDA) formalized a strategic partnership with the National Development Co. (NDC) for high-impact projects in New Clark City.

BCDA President and Chief Executive Officer Joshua M. Bingcang and NDC General Manager Antonilo DC. Mauricio had signed a memorandum of understanding (MoU) creating a collaborative framework for the urban development of New Clark City on Tuesday.

Under the MoU, both parties intend to discuss and explore potential collaboration opportunities, leading to the preparation of a feasibility study report that may include technical and commercial assessments of developments within the BCDA’s properties.

Mr. Mauricio said such partnership will allow NDC to leverage BCDA’s experience in building great cities, like the Bonifacio Global City, paving the way for the implementation of innovative projects that will improve the lives of Filipinos.

“We want to leverage on our strategic areas with partners who understand city-building, especially the BCDA. Thank you very much to BCDA for this honor of signing an MoU with NDC,” he added.

Being the government’s investment arm, the NDC pursues commercial, industrial, agricultural, and mining ventures to provide necessary impetus to national economic development. This is aligned with the BCDA’s mission of transforming former military bases into centers of economic development. — Artemio A. Dumlao

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