The governments of the Philippines and Japan signed today the Memorandum of Cooperation (MOC) among the Bases Conversion and Development Authority (BCDA), Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN) and Surbana Jurong (SJ) on the development of New Clark City in Pampanga. The signatories were Mr. Vivencio Dizon, President and CEO of the BCDA, Mr. Takuma Hatano, President and Chief Executive Officer of the JOIN and Mr. Wong Heang Fine, Group Chief Executive Officer of Surbana Jurong.
Singapore Ambassador to the Philippines, Her Excellency Kok Li Peng witnessed the signing of the agreement together with Finance Secretary Carlos G. Dominguez and Dr. Hiroto Izumi, the Special Advisor to Japan Prime Minister Shinzo Abe. The Memorandum of Cooperation will provide the basis for BCDA to develop New Clark City. The collaboration among BCDA, JOIN and Surbana Jurong is seen to showcase the respective technical expertise of the three entities in the field of urban planning and development.