The Government of Japan (GOJ) through the Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN) on Thursday (13 August 2015) forged a cooperation agreement with the state-owned BCDA to help the Aquino Administration develop and build Clark Green City as a major economic center in the ASEAN bloc.
Department of Public Works and Highways (DPWH) Secretary Rogelio Singson and the Government of Japan Minister of Land, Infrastructure, Transport and Tourism Akihiro Ohta witnessed the signing of the Memorandum of Cooperation between the BCDA and JOIN, a Japanese government corporation created by the Japanese Parliament, that will lead the formation of joint venture partnerships to ensure the development of Clark Green City.
During the signing ceremonies, President and Chief Executive Officer Arnel Paciano D. Casanova signed on behalf of the BCDA while JOIN was represented by its President and CEO Takuma Hatano.
BCDA President Casanova noted that involvement of JOIN right at the very start of the planning stage of the Project Implementation Framework would allow us to identify and attract the right Japanese private investors for Clark Green City to make it more viable both financially and commercially.
JOIN is a Japanese government corporation that aims to invest and participate in transport or urban development projects, involving Japanese companies, such as bullet trains, airports, and green cities. Its target investment worldwide is Y30 Trillion by 2020.