The proposed Bangko Sentral ng Pilipinas (BSP) Complex in New Clark City, Tarlac province, is back on track, the central bank said over the weekend.
It said Aidea Inc., the project’s architectural and engineering (A&E) consultant, had finalized the detailed architectural and engineering design (DAED) documents. This is a crucial step before selecting a general contractor, it said.
The conceptual design for the new BSP complex in New Clark City, Capas, Tarlac, received international recognition at the 2022 Architecture MasterPrize design competition in the Architectural Design – Institutional Architecture Category.
It aligns with the government’s initiative to ease congestion in Metro Manila and establish an alternative site for business continuity and disaster preparedness, the BSP said.
It said this also highlights the BSP’s commitment to operational resilience and sustainability.
Department of Transportation Secretary Vince Dizon pledged to complete the northern section of the North-South Commuter Railway before the end of the Marcos Jr. administration, which will improve accessibility and connectivity to New Clark City.
Dizon also noted that a feasibility study for a railway line connecting Clark International Airport to the BSP Complex is underway and is expected to be completed by August 2025.
The loan agreement for the project is targeted for finalization by end-2025, the BSP said.
Bases Conversion and Development Authority (BCDA) administrator Joshua Bingcang announced that the agency signed a contract with a South Korean firm to construct housing facilities near the New Clark City BSP complex.