An intermodal transportation terminal aimed at improving the efficiency of public transportation here will soon be established in this Freeport.
This was revealed during the recent signing of lease agreement between Clark Development Corporation (CDC) President and CEO Manuel R. Gaerlan and SM Prime President Jeffrey Lim.
CDC Vice President for Business Development and Business Enhancement Group (BDBEG) Rynah Ventura and SM Supermalls Assistant Vice President for North Luzon Operations Bien Mateo were also present at the signing ceremony held at Conrad Hotel Manila.
Other Clark officials who witnessed the activity and extended their support for the said project are presidential Adviser for Clark Programs and Projects and former president Gloria Macapagal Arroyo, Bases Conversion and Development Authority (BCDA) President and CEO Secretary Vivencio Dizon, and BCDA Chairman Gregorio Garcia III.
SM Supermalls President Steven Tan and SM Prime Inc. Director Darlene Barberabe were also present at the event. Meanwhile, CDC Chairman Atty. Edgardo Pamintuan took part in the activity via virtual conferencing.
According to CDC–BDBEG, the Premiere Clark Complex, Inc. (PCCI) will develop the said terminal on a 23,955 square meters’ area located at the Southern Gateway District of this Freeport.
The terminal will be a four-storey building that includes ancillary facilities such as waiting area for passengers, restrooms, and other services required for an intermodal transportation system. COVID-related safety protocols and guidelines will also be implemented at the site.
PCCI committed P2 billion investment for the terminal’s development, and it is expected to provide 1000 job opportunities during its construction.
Meanwhile, an additional P1.2 billion for the creation of an office tower near the terminal was also pledged by PCCI. The development of this facility will generate a total of 800 jobs in the course of its construction and 1000 direct employment during its operations.
The establishment of the transportation terminal is intended to provide a sufficient number of departure bays for various modes of transportation such as Public Utility Buses (PUBs), Public Utility Jeepneys (PUJs), Bus Rapid Transport (BRT), shuttle services, and taxis, among others. CDC also stated that all public transportation operating within the zone will be given priority.
CDC and PCCI are set to finalize a Traffic Impact Assessment (TIA) within 30 days from the signing of the lease agreement. Since the intermodal transportation terminal is considered a high traffic impact project, a real-time simulation model using the TIA will also be evaluated. CDC has also coordinated with the Metro Clark local government units about the development of the project.