More Aussie, Kiwi investors sought

The Bases Conversion and Development Authority (BCDA) is looking to lure more investors from Australia and New Zealand for its New Clark City.

The BCDA announced on Tuesday that over fifty delegates from the two western countries visited and toured around the metropolis, which is being positioned by the government as a new economic hub to decongest the National Capital Region.

“Our jewel is Clark. We envision New Clark City to be the first smart, green and resilient metropolis in the Philippines. The thrust of New Clark City is sustainability. It is created not just for investors, but also for the surrounding communities,” BCDA president and CEO Aileen Zosa said in a statement.

The delegation is part of this year’s Pacific Business Mission which was exploring the New Clark City as one of the investment destinations highlighted this year by the Philippine government.

The trade mission was jointly organized by the Philippine Trade and Center in Sydney, the Philippine Board of Investments, the Philippine Economic Zone Authority, the Subic Clark and Alliance for Development Council, as well as the the freeport and economic zones in the Subic-Clark-Bataan areas.

Zosa touted the sustainability features of the 9,450-hectare New Clark City, 70 percent of which is being preserved for green and ecotourism ventures, with the other remaining 30 percent considered as “buildable” land. INQ