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Manila Bulletin devider Business devider Trade & Industry devider BCDA signs MOU with Japanese groups for development projects

BCDA signs MOU with Japanese groups for development projects

Published Jun 24, 2024 01:09 am

State-run Bases Conversion and Development Authority (BCDA) has signed agreements with Japanese organizations to develop key economic zones in the Philippines.

One of these agreements involved a memorandum of understanding (MOU) with Zip Infrastructure Co. Ltd. for the potential implementation of a self-driven cable car system named Zippar in Camp John Hay, Baguio City.

The MOU was signed by BCDA President and Chief Executive Officer Joshua M. Bingcang and Zip Infrastructure CEO Takamasa Suchi, witnessed by Transportation Secretary Jaime J. Bautista and Zip Infrastructure's Director and Head of Business Development, Mario Ian Carlos Ferido Rebonquin.

BCDA said this partnership will see Zip Infrastructure conducting a feasibility study to assess the viability of introducing the Zippar system in Camp John Hay in Baguio City.

Zippar is an automated cable car system designed to offer an alternative transportation solution that can help reduce traffic congestion and improve accessibility.

“This technology promises to enhance urban mobility, reduce traffic congestion, and promote environmentally sustainable transportation solutions,” Bingcang said

“By leveraging Zippar technology, we can create a seamless and efficient transport system within Camp John Hay, making it more accessible and enjoyable for residents and visitors alike,” he added.

The BCDA also inked a three-year partnership with the Organization for Public-Private Partnerships Promotion Support (OPPS) of Japan to facilitate the promotion of investment opportunities in New Clark City and other economic zones to Japanese companies.

The BCDA said they are partnering with OPPS to create business opportunities and promote information exchange between the public and private sector.

They aim to explore partnership opportunities with Japanese companies interested in housing, estate management, sports facilities, transportation, waste-to-energy, smart city development, retail, and other mutually agreed upon areas.

“OPPS as a steadfast advocate for BCDA's projects, and leveraging on your Japanese network and expertise to attract investment and foster international partnerships will be crucial and invaluable in raising awareness about the opportunities available in New Clark City and in facilitating collaborations with global stakeholders,” Bingcang said.

OPPS is an organization of Japanese companies providing support services to realize PPPs and private finance initiatives.

It helps industries screen infrastructure projects and supports coordination between Japanese companies and partner governments.

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