MANILA - The Bases Conversion and Development Authority (BCDA) has signed an agreement with three Swedish firms to help in the development of Clark Green City.
BCDA said a memorandum of understanding (MOU) was signed with IVL Swedish Environmental Research Institute (IVL), ElectriCITY, and Xeric AB.
IVL is a foundation jointly owned by the Government of Sweden and Swedish industry while ElectriCITY is a non-profit organization composed of major companies operating in Sweden.
Xeric, meanwhile, is a company that specializes in providing business consultancy services for small and medium enterprises.
"We welcome IVL, ElectriCITY, and Xeric as the newest partners of the BCDA in the development of Clark Green City and look forward to a fruitful collaborative partnership through knowledge and technology transfer, research and development, and business investments," BCDA president and chief executive Arnel Casanova said in a statement.
The agreement creates a non-binding framework for furthering discussions under which the BCDA and the three firms can explore potential collaborative opportunities in relation to sustainable urbanization, best practices in urban development, and providing business solution services in the development and growth of Clark Green City.
Casanova said a technical cooperation committee will be formed to facilitate the implementation of the cooperative activities between BCDA and the Swedish companies.
The MOU was signed by BCDA President Casanova, IVL President and CEO Tord Svedberg, ElectriCITY Chairman Allan Larsson, and Xeric CEO for Southeast Asia Klas Lundgren. The MOU is effective for a period of three (3) years.
Clark Green City, a 9,450-hectare master planned property within the Clark Special Economic Zone in the province of Tarlac, is envisioned to be the country's first smart, disaster-resilient and green metropolis.