October 27, 2016

BCDA, Japan companies ink partnership deal

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  • Certain key features of Clark Green City, one of the flagship projects for the Bases Conversion and Development Authority (BCDA), will be developed by Japanese corporations, the BCDA said in a statement yesterday.

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    A FRUITFUL STATE VISIT. After a 3-day state visit in Japan, ties between the Land of the Rising Sun and the Pearl of the Orient remain stronger than ever, especially after sealing a partnership deal between the BCDA and several Japanese companies. Photo grabbed from Presidential Communications (Government of the Philippines) Facebok page

    A Memorandum of Understanding (MOU) was signed yesterday, October 26, between the BCDA and Japanese companies Hitachi Asia, Ltd. and The Power Grid Solution Ltd. to conduct feasibility studies during President Rodrigo Duterte’s state visit to Japan.

    The partnership allows both Japanese companies to conduct studies on establishing an energy management system, an energy storage system, a district cooling system, and a total energy network system in Clark Green City by putting up a private utility company.

    The feasibility studies will cost approximately P10 million, and are expected to be finished within 6 months.

    In the statement, the BCDA said these partnerships highlight the continuing ties between the Philippines and Japan. “BCDA also sees the partnerships as further bolstering the current administration’s vision to sustain the country’s growth through more infrastructure and economic projects,” the BCDA said in the same statement.

    This comes after the BCDA signed similar MOUs with Chinese companies China Road and Bridge Corp. and China Harbour Engineering Company, Ltd. for feasibility studies on the BGC-NAIA segment of the EDSA BRT System and the Subic-Clark Railways Project respectively.

     

    Source: BCDA Group Facebook note, GMA News

               
               
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