Bases Conversion and Development Authority (BCDA) President and CEO Arnel Paciano D. Casanova delivers his presentation on “Building new cities to sustain growth” before the participants of the 4th Annual Asia Pacific Real Estate Investment Summit Philippines 2013 held recently at Hotel Intercon, Makati City. Mr. Casanova said BCDA proposes to build a new metropolis to sustain economic growth and create safe urban areas adapted to climate-change effects. He noted that Central Luzon presents the most viable solution for the development of a new metropolis that will complement the development of Metro Manila. Mr. Casanova said the new city will be a smart, green and global city that is expected to boost the country’s economy by creating 925,000 jobs and generate some USD1.29 Billion roughly Php50 Billion in government revenues from income taxes and USD1.76 Billion roughly Php78 Billion annually from VAT.
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