Bangko Sentral ng Pilipinas (BSP) signed a Memorandum of Understanding (MOU) with Bases Conversion and Development Authority (BCDA) to transfer its Currency Production Facility to New Clark City (NCC) in Capas, Tarlac.
Under the MOU signed by BSP Governor Benjamin E. Diokno and BCDA President and CEO Vivencio B. Dizon, the two government agencies committed to work towards the establishment of the new production facility on a 29.22-hectare parcel of land within the National Government Administrative Center (NGAC).
“As you well know, the existing Security Plant Complex, which houses the bank’s currency production operations is located on a seven-hectare plot of land along East Avenue in Quezon City. After 40 years of service, it is now ripe for a comprehensive upgrade that will ensure that BSP remains at the cutting-edge of currency production and security printing technologies,” Diokno stressed.
The governor noted that BSP follows a very stringent criteria in selecting sites for its facilities and NCC is the only one that met its requirements.
“These standards, which encompass everything from lot configuration, site conditions, to infrastructural support, are intended to ensure that the BSP’s operations are optimally located,” he explained.
“We will be exerting all efforts to complete the development within the shortest time frame possible at the highest level of quality and workmanship. This will entail exploring the various modes of procurement available in order to leverage local and international expertise in the design and construction of the new facility,” Diokno furthered.
“Consistent with the spirit of NCC, the concept envisions a facility that will serve as a leading benchmark for a smart, green, modern complex, not just within the country, but on the global scale as well,” he emphasized.
Diokno said that BSP eyes for an industrial facility that will employ state-of-the-art technologies that will foster high-yield production systems, efficient workflows, while maintaining a low energy footprint.
“With the ample area being considered, the facility will feature expensive greenery and natural living spaces—which are short supply in Metro Manila—to exemplify the BSP’s continuing commitment to health, well-being and environment preservation,” he added.
200-hectare NGAC is the first phase of NCC, the country’s first smart, green, sustainable and resilient metropolis. The NGAC project involves the construction of back-up offices of government agencies to ensure continuous business operations and services in case of disasters or natural calamities.