THE Bases Conversion and Development Authority (BCDA) has clinched agreements with three Japanese firms for future projects in New Clark City, the Department of Trade and Industry said on Monday.
Representatives of the companies — Sustech Inc., Marubeni Corp., and Index Strategy, Inc. — signed their respective memorandum of understanding (MOU) with BCDA President and CEO Joshua Bingcang on May 29 during President Ferdinand Marcos’ state visit to Japan, witnessed by Trade Secretary Cristina Roque and Philippine Ambassador to Japan Mylene Garcia-Albano.
“The partnerships are a key milestone in deepening Philippine-Japanese economic ties and promoting investments in infrastructure, energy and transport development,” Roque said.
“These partnerships will help strengthen New Clark City’s competitiveness as an investment destination and support broader economic opportunities across Central Luzon and the country,” Bingcang said.
Sustech, founded in 2021, builds renewable power plants and develops artificial intelligence-based systems for predicting power generation.
It will create the integration of renewable energy generation, demand forecasting, and grid-scale energy storage systems in New Clark City and other BCDA-managed areas.
Marubeni engages in agribusiness, chemicals, energy, metals, power infrastructure, transportation and consumer products.
It will assess opportunities for infrastructure and low-carbon energy, including power generation projects, in New Clark City.
Index Strategy provides strategic consultants, project managers, and equity investors in public and civil infrastructure.
It will work with another Japanese firm, Yachiyo Engineering Co. Ltd., on a feasibility study for the Clark Integrated Transport System.
The agreements are in line with the infrastructure and economic development agenda of the Marcos administration, particularly efforts to strengthen regional connectivity, accelerate strategic investments, and position the Philippines as a competitive destination for high-value industries.
Marcos’ Japan visit yielded P56.3 billion worth of investment pledges, DTI said.
