Global Gateway Development Corp. of businessman Dennis Uy tapped Megawide Construction Corp. as the general contractor for Clark Global City―a 177-hectare master-planned, mixed-use development in Clark Freeport Zone, Pampanga.
“Bold and audacious projects such as CGC can only be done by partnering with people who not only share the same vision but are also equipped with topnotch execution skills. We are honored to work shoulder to shoulder with Megawide to transform 177 hectares of land into a thriving business center and community,” Uy, who is also the chairman of Udenna Land, said.
After taking over the property in 2017, GGDC holds the lease rights for Clark Global City until 2085.
The company said to fast-track the development of the modern metropolis with its 22-month timeline target, it teamed up with several locators that share the same vision of building a new center of commerce, culture, entertainment and leisure.
Among thermal estate developers taking part in transforming Clark Global City are SM Group, Century Properties Corp., DataLand Inc. W Group and Suyen Corp.
GGDC said the development of Clark Global City would complement the government efforts to spread growth across the country.
“It is a strategic project bound to benefit not just Central Luzon but the country as a whole, expected to decongest Metro Manila, provide opportunities to northern locals and spur economic growth. Furthermore, its proximity to major thoroughfares and international gateways, and access to a young and highly skilled talent pool make it a suitable place for business, life, and innovation, and a go-to destination for investors,” GGDC said.
The company said 47 of the 177-hectare estate was already developed with world-class, disaster-ready horizontal infrastructure, 50-year storm water drainage systems, state-of-the-art sewer system, an underground infrastructure network and eight-road lanes with bike lanes and 50 meters of right-of-way priority.
Megawide committed to construct 12 kilometers of roads and fully develop the balance of infrastructure in 22 months.