CLARK FREEPORT — The Clark Development Corporation is set to embark on a new Master Development Plan (MDP) in order to usher in a new business landscape here.
This, as several lease contracts of pioneer locators signed during the formative years of CDC, are set to expire in the next few years. The plan will also complement President Duterte’s infrastructure development thrust for Central Luzon.
CDC President and CEO Noel F. Manankil said since the inception of state-run firm in 1993, many of CDC’s 25-year contracts or lease agreements with locators will expire by 2018.
Anticipating these expirations, CDC is preparing the new MDP for the main Freeport to make it more marketable, effective, viable, and in harmony with current and planned developments, including the Clark International Airport and Clark Green City development.
Based on the project rationale, “the new MDP aims to optimize the development potentials of Clark without compromising the economic, environmental and social integrity of the Main (Freeport) Zone with the surrounding areas.”
The new MDP would also incorporate a concomitant business plan that “will leverage on the potentials of Clark to incorporate environment friendly, smart and resilient ‘green initiatives’ and fortify the Freeport’s status as a modern industrial estate and premier service and logistics hub in the region”, according to Manankil.
It will provide a fresh take on the most strategic approach for further development of the Freeport zone in accordance with the government’s “Build, Build, Build” thrust. The Duterte administration aims to usher the Golden Age of Infrastructure in the Philippines.