THE Bases Conversion and Development Authority (BCDA) is pushing for the passage of a Senate bill amending Republic Act (RA) 7227, or the BCDA Act of 1992, before President Ferdinand Marcos Jr.'s State of the Nation Address (SONA) to encourage more investments, especially in New Clark City.
THE Bases Conversion and Development Authority is pushing for the passage of a Senate bill amending Republic Act 7227, or the BCDA Act of 1992, before President Ferdinand Marcos Jr.'s State of the Nation Address to encourage more investments, especially in New Clark City. BCDA President Joshua Bingcang said on Friday that they are scheduled to attend the second reading of the bill, and they expect interpellation from the senators.
'In order for us to attract more locators or investments, we are pursuing to convert some of the lands in Clark to freehold, especially for residential,' said Bingcang.Under the bill, a certain percentage of the land area of each BCDA economic zone shall be declared as alienable and disposable, authorizing its sale for residential use, mixed-use, industrial and institutional purposes.
Is Seeking Charter Amendment Ahead Of SONA
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