20/06/2022
SOUTH KOREA TO BUILD A SMART CITY IN CLARK, PAMPANGA🇵🇭🇰🇷
Clark Development Corporation (CDC) and the Korea Land and Housing Corporation (LH) recently signed a Memorandum of Understanding (MOU) to bolster their partnership in developing the Clark Smart City project in Pampanga.
CDC President and CEO Manuel R. Gaerlan and LH Chief Executive Officer Kim Hyun Jun signed the pact for the “Clark Smart City Urban Development Project” during a simple ceremony held at the Clark Visitor’s Center.
Under the MOU, CDC and LH will work together to facilitate and attract potential investments, including but not limited to small and medium-sized firms that will contribute to the smart city project’s implementation.
Both parties also agreed to collaborate on enhancing trade, investment, and tourism activities in this Freeport for the efficient and successful fulfillment of the project. The smart city is envisioned to be developed in an approximately 104.8 hectares prime property within this Freeport.
“Clark Development Corporation values the support of the Korean Government, LH, Korea Overseas Infrastructure & Urban Development Corporation (KIND), and other counterparts since this (project) started a few months ago. We are very happy that we are now seeing the completion of the feasibility study for the project. I hope that this will be the start of a lasting partnership between CDC and LH, Korea and the Philippine government,” he said.
Meanwhile, Kim expressed optimism on the smart city project and commended CDC for the warm reception and hospitality shown to them during their visit in the Freeport.
Legaspi headed and directed the submission of CDC’s proposal for the K-City Network 2021 Smart City Development Planning grant competition. The proposal presented by CDC ranked 1st among the 111 entries from 39 countries evaluated on the program administered by the Korean Ministry of Land Infrastructure and Transportation (MOLIT).
Source: https://punto.com.ph/cdc-korean-agency-ink-mou-for-clark-smart-city-project/
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