By Tracy Cabrera
CHINESE firm are expected to bring big business opportunities to the country with their entry in the proposed 500-hectare industrial park to be set up in New Clark City in Pampanga, according to Bases Conversion and Development Authority president and chief-executive-executive Vivencio Dizon.
In an official statement, Dizon disclosed that Manila and Beijing will be signing an agreement for the establishment of a sprawling industrial park in November this year, which will coincide with the state visit of People’s Republic of China president Xi Jinping to the Philippines.
“The Chinese side initially sought to build on 1,000 hectares of land, which would be impossible given the terrain. However, we plan to allot 300 to 500 hectares within the soon-to-rise New Clark City for the planned industrial park that will host mostly Chinese locators,” the BCDA president said.
“The BCDA will have to subsequently issue within six months a blueprint aligned with the master plan for New Clark City.” He added.
Dizon explained that in order to successfully set up the industrial park, it needs to be placed in an area that is contiguous and flat with the help of BCDA.
However, construction of the park can only be initiated by the following year with the expectant entry of light and medium industry investors from m China with the park’s completion.
“The deal is that they (Chinese) will develop the area and they will also be the ones to bring in the investors—it’s a package deal,” he stressed.
In view of these developments, finance secretary Carlos Dominguez III revealed that car factories, robotics-assembly plants and semi-conductor facilities aside from laboratories and training centers will hopefully locate inside the park.
“Putting up an industrial park housing Chinese investors will be a very good move for us since their operations could serve as a regional base given the free trade regime with the Chinese,” Dominguez clarified.
He added that the fact that the area is owned by government, it would be much easier to develop with the help of the Chinese.
“That’s all our land so there’s no issue of buying land. That’s how the industrial parks here were developed—the private sector bought land, and it took them a long time. So in our case, it’s already there—there are no issues on the right of way, and it’s our land. It’s government land so we develop it, it gets enhanced and it becomes your asset,” the secretary said.