100-has industrial park in Capas, Tarlac in the pipeline
65036b321aeeb30008218457 — February 3, 2025
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BAGUIO CITY (January 31, 2025) -- State-run Bases Conversion and Development Authority (BCDA) has partnered with Science Park of the Philippines, Inc. (SPPI) on a “transformative project” to develop a 100-hectare industrial park in New Clark City, Capas, Tarlac.
It is seen to create 30,000 new jobs and generate more revenue for the national government, the BCDA said this week as it signed a 50-year lease agreement with SPPI to develop the industrial park within the rising metropolis, with a total investment commitment of P30 billion from the industrial estate leader and its locators.
SPPI is renowned for its innovative and sustainable industrial parks, with six premier sites across Central Luzon and Southern Luzon and Central Visayas that serve both local and multinational enterprises.
“At the heart of this partnership is a common goal: to create jobs and empower the local economy. By developing this industrial park, the project is set to open up thousands of job opportunities, not just in construction and manufacturing but across a variety of industries,” BCDA President and Chief Executive Officer Engr. Joshua M. Bingcang explained.
The project is expected to create approximately 30,000 new jobs, spanning various sectors such as food production, textiles, automotive parts, electric vehicles, semiconductors, and data centers, contributing significantly to the area’s sustained economic development, the BCDA said.
It is also seen to generate an estimated P1.9 billion in income tax revenues for the national government, contributing substantially to the national economy by supporting public funds for nation-building projects.
SPPI Chairperson Guillermo D. Luchangco accordingly thanked the BCDA for the trust and confidence. With a clear commitment to surpassing expectations, Luchangco reaffirmed his firm’s goal of delivering a development that would not only meet, but ideally exceed, the standards set forth. "We feel that in our own modest way, we have been able to contribute to the economic growth of the Philippines by putting up world-class industrial estates which enable us to attract manufacturing and technology companies to set up shop in our country," Luchangco was quoted as saying.
