The Bases Conversion and Development Authority wants these and other major infrastructure projects for the area to be awarded by the second half of 2017 and for most to be completed as early as 2019, its Chief Executive Officer Vince Dizon said in an interview in Makati City. The authority will decide by the first quarter of next year whether to invite bids to build or operate the infrastructure, or do both, he said.

“We want the investment community to know that this government isn’t just about addressing crime and drugs,” Dizon, 43, said Nov. 11. “We’re also here to build, build and build.”

At 9,450 hectares (23,000 acres), Clark Green City would dwarf the main financial district of Makati in metropolitan Manila, home to the nation’s stock exchange and banks’ headquarters.

Read more: Duterte’s spending plans for next year

The state body will invite bids for a new 15 billion-peso airport terminal in Clark, north of Manila, according to Dizon. It will include a new international terminal that will double Clark airport’s current capacity to 8 million passengers under the first phase of a 30-year plan developed by Aeroports de Paris, he said.

It will also invite bidders for some projects identified during Duterte’s state visit to Beijing in October. These include a cargo rail line costing as much as $700 million, running from Clark to the Subic coastal area northwest of Manila, an industrial park and facilities for telecommunications and utilities.

If the investments materialize, Clark Green City would bring a new lease of life to an area that now comprises a main industrial zone with factories for companies including semiconductor-maker Texas Instruments Inc. and plane-engine manufacturer Rolls-Royce Holdings Plc and an airport with limited international flights. Under the government’s plan, the existing Clark airport would be converted to a VIP terminal when the new aerodome is up.

Dizon said Bases Conversion will continue to bid out rights to develop more plots of land in Clark, a process started under former President Benigno Aquino.

Duterte’s government may choose to fund infrastructure projects through loans obtained at cheaper rates and then offer contracts to companies to run them, Dizon said. Under Aquino, the preference was to let private companies handle the projects at the onset, and such an arrangement remains an option, the executive said.

Source: www.bloomberg.com