|
PamCham endorses Clark’s Next Frontier |
|
|
|
|
Written by Joyce Duldulao
|
|
Saturday, 18 April 2009 |
 PamCham commended Clark Development Corporation (CDC) President Benny N. Ricafort for pursuing the master development plan for the Clark Subzone or what is dubbed as Clark’s Next Frontier through a board resolution unanimously supporting the freeport’s subzone development, during the chamber’s 58th Board meeting held at the Fortune Restaurant, City of San Fernando Pampanga.
The chamber acknowledged the wisdom and insight of the CDC President in working at the implementation of the Joint Management Agreement (JMA) which is a contract signed on December 6, 2007, by CDC – then under the presidency of PamCham Chairman Levy P. Laus, the National Commission on Indigenous Peoples (NCIP) and leaders of Aeta tribes who have inherent rights over certain areas of the Sacobia Valley under the ancestral domain claims.
The JMA and The Next Frontier will generate investment potentials in tourism, housing, commercial, institutional and light industry projects in the Sacobia Valley while ensuring the recognition and promotion of the overall welfare of the Aeta tribes in the area. Development cost of Clark’s next frontier is estimated at P11.18 billion. CDC is now working out the signing of lease agreements with firms whose trade focuses on tourism-and industrial-related projects.
|
News 
