Central Bank of the Philippines readies New Clark City complex for contractor procurement as detailed design is finalized

The Central Bank of the Philippines reported that its New Clark City Project is back on track after its architectural and engineering consultant, Aidea Inc., finalized the Detailed Architectural and Engineering Design documents, a key prerequisite for procuring a general contractor for the planned BSP complex in Capas, Tarlac. The project is positioned as part of the government’s push to decongest Metro Manila and to provide an alternative site for business continuity and disaster preparedness. The conceptual design of the complex was recognised in the 2022 Architecture MasterPrize design competition under the Architectural Design – Institutional Architecture category. Related infrastructure developments highlighted alongside the project include a commitment to complete the northern section of the North-South Commuter Railway before the end of the Marcos Jr. administration, an ongoing feasibility study for a rail link from Clark International Airport to the BSP complex expected to be completed by August 2025, and a loan agreement for that link targeted for finalisation by end-2025. Separately, the Bases Conversion and Development Authority has signed a contract with a South Korean firm to construct housing facilities near the BSP complex. Next steps centre on the procurement of the project’s general contractor, with transport connectivity milestones expected to progress through the feasibility study completion in August 2025 and the targeted loan agreement finalisation by end-2025.