Real Estate

New Clark City Lands $1-B Taiwan Plant, P15-B Water Bid

A Taiwanese manufacturer signs for a $1-billion plant in New Clark City while the state developer opens the city's P14.8-billion water and wastewater project to rival bids. Transport groups in Iloilo plan a two-day strike over fuel prices as government aid reaches Western Visayas operators.

By the MMI Real Estate Desk

New Clark City, the industrial and administrative hub rising on the former United States military reservation in Tarlac, drew two commitments in the same news cycle: a Taiwanese manufacturer signed on for a roughly $1-billion plant, and the state agency developing the site opened its P14.8-billion water and wastewater project to competing bidders. The [Bases Conversion and Development Authority](https://media-meter.com/report-library/pax-silica-hub-draws-p100b-target-as-aeta-tribe-seeks-clarit "Pax silica hub draws p100b target as aeta tribe seeks clarit") (BCDA), the government corporation that converts former military bases into commercial and industrial estates, confirmed both. BCDA President and Chief Executive Officer Joshua Bingcang said the Taiwanese company had already signed an agreement and paid in advance to secure its site, and that it will initially occupy 30 hectares inside the Filinvest Innovation Park, with another 60 hectares reserved for expansion.(https://business.inquirer.net/613177/new-clark-lands-1-b-taiwan-tech-investment) The investor's identity is being withheld at the owner's request until it registers with the Philippine Economic Zone Authority (PEZA), the agency that grants tax and customs incentives to export-oriented locators.(http://mb.com.ph/2026/09/28/taiwan-tech-firm-investing-1-billion-in-new-clark-city-manufacturing-plant) Bingcang said the project was among the first approved under the amended Investors Lease Act, which now allows foreign investors to lease land for longer terms.(https://business.inquirer.net/613177/new-clark-lands-1-b-taiwan-tech-investment)

Separately, BCDA invited challengers to bid against the original proposal from Maynilad Water Services Inc. and Korea Water Resources Corp. (K-Water) for the [New Clark City water supply](https://media-meter.com/report-library/maynilad-ayala-land-dmci-advance-water-and-housing-projects "Maynilad ayala land dmci advance water and housing projects") and wastewater system, a project estimated at P14.8 billion.(https://business.inquirer.net/613175/swiss-challenge-set-for-p15-b-clark-project) The two firms submitted an unsolicited proposal in January and received original proponent status on August 28; under Philippine public-private partnership rules, that status entitles them to match any better offer, a process known as a Swiss challenge.(https://businessmirror.com.ph/2026/09/28/bcda-opens-clark-water-project-to-swiss-challenge) Interested parties must pre-qualify and pay a non-refundable P1-million fee, with comparative proposals due October 20 and the challenge running 90 days.(http://mb.com.ph/2026/09/28/bcda-opens-15-billion-new-clark-city-water-deal-to-swiss-challenge) The concession would run 25 years, subject to extension.(https://businessmirror.com.ph/2026/09/28/bcda-opens-clark-water-project-to-swiss-challenge)

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