The Bangko Sentral ng Pilipinas (BSP) on Wednesday unveiled details of its plan to relocate to a sprawling location in New Clark City, where the country’s central monetary authority intends to start building its security and printing complex.
BSP Governor Benjamin Diokno and Bases Conversion and Development Authority President and CEO Vince Dizon signed the contract for a 50-year lease of the land on which the new BSP complex in Tarlac will stand.
The contract covers the lease of a parcel of land spanning 313,171 square meters, located along the New Clark City-SCTEx access road.
The term of the lease is for 50 years reckoned from this date, with the option to renew for another 25 years, upon mutual agreement of both parties.
“The signing of this contract now gives the BSP the go-signal to proceed onto the next phase of this undertaking, which is the procurement of the architectural and engineering design, and the construction of the modern, eco-friendly facilities mentioned earlier,” Diokno said in a press briefing on Wednesday.
The governor said the New Clark City BSP complex will pave the way for new modern, eco-friendly facilities including: a new plant complex for production and distribution of currency, and the printing of secure products such as the national identification card and land title certificates; executive offices and administration buildings; green spaces and employee wellness areas; a new BSP museum; and other support structures necessary to the operations of the Bank.
At present, the BSP’s current plant is in its Quezon City complex. Earlier, Diokno said the BSP facility in Quezon City is “ripe for a major upgrade.”
“With this contract, the BSP and BCDA affirm [their] shared commitment to promote efficient and effective governance by supporting the government’s infrastructure program to decongest the National Capital Region and decentralize the delivery of public services,” Diokno said.
In September 2019, the BSP and the BCDA entered into a memorandum of understanding to facilitate the groundwork necessary for the establishment of a new BSP facility in the New Clark City National Government Administrative Center, in Capas, Tarlac.
“This new facility is intended to strengthen the strategic foothold of the BSP in the country’s key growth corridors, in pursuit of its mandates in the areas of currency and securities production and distribution,” the BSP said.
