The Philippine Economic Zone Authority (PEZA) and the Bases Conversion and Development Authority (BCDA) have agreed on the delineation of responsibilities to ensure smooth registration of projects in the New Clark City.
On March 10, 2025, PEZA Director General Tereso O. Panga and BCDA President and CEO Engr. Joshua M. Bingcang
have agreed to adopt an interim arrangement for separating their Investment Promotion Agency (IPA) functions To maximize the strengths of both agencies.
Under this setup, BCDA will register and regulate new developer/operator projects in New Clark City, while PEZA will oversee locator projects. This approach leverages BCDA’s expertise in property development and estate management alongside PEZA’s renowned one-stop-shop services for locators.
Beyond this arrangement, PEZA has also committed to assisting BCDA in project registration, as well as fiscal and non-fiscal incentive administration.
Panga emphasized the benefits of the collaboration, stating: “This partnership between PEZA and BCDA not only prevents jurisdictional overlaps between the two investment promotion agencies but also capitalizes on our core competencies to attract more investors to the Philippines, particularly along the Luzon Economic Corridor.”
Meanwhile, Bingcang expressed enthusiasm for the partnership, saying: “BCDA looks forward to a fruitful collaboration with PEZA as we combine our strengths in infrastructure development and public-private partnerships with investment facilitation. For new investors, we are ready to assure that flagship projects such as New Clark City will greatly benefit from PEZA’s trademark ease of doing business.”
