Japanese and European investors see potential in the Philippine government’s eco-city project
Artist perspective of the business district in the Clark Green City. (Credit: Business Mirror)
A ‘sustainable city’ outside Manila is attempting to decongest the Philippine capital, and foreign investors are paying attention.
Japanese companies such as Hitachi, Mitsubishi, Mitsui, Sojitz and Sumitomo are reported to be considering investments in Clark Green City, a 9,450-hectare master-planned community in the town of Capas in Tarlac province, according to The Manila Times.
French and German companies have also reportedly expressed interest in the project with a France-based firm scheduled to inspect the site by the end of June.
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Located 80 kilometres away from Manila, Clark Green City is being groomed by the state-owned Bases Conversion and Development Authority (BCDA) as an alternative urban hub to the capital. BCDA has tapped property developer Filinvest Land Inc to oversee the first phase of the project, which covers 288 hectares and includes an industrial estate designed for manufacturing firms.
BCDA chief executive Arnel Paciano Casanova claimed that Japanese investors are “optimistic” about Clark Green City and consider the Philippines as an investment priority in general. Representatives from 20 Japanese companies have reportedly visited Capas for an ocular inspection.
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President Benigno Aquino III visited for groundbreaking ceremonies in April.
The construction of a 19-kilometre access road to the area is on track for a July 15 completion, Casanova told reporters earlier this month.
Confirmed locators in Clark Green City include campuses of the University of the Philippines, the Philippine Science High School, and the Technological University of the Philippines.
Source : property-report.com
Read more…EU and Japanese investors want to be green in the Philippines
