THE Bases Conversion and Development Authority (BCDA) inked a joint venture deal with Filinvest Land, Inc. to develop a 288-hectare land within the envisioned 'Green City' at the Clark Special Economic Zone in Tarlac province. The partnership was signed by Mr. Casanova and Filinvest Land President and Chief Executive Officer Josephine Gotianun-Yap at the BCDA Corporate Center in Taguig City on January 8, 2016. The joint venture agreement calls for the creation of a company that will be 55% owned by Filinvest Land and 45% by BCDA, which handles the conversion of former military bases into commercially sustainable development.

The agreement, which will have a term of 50 years and renewable for another 50 years, is expected to jump-start the development of Clark Green City into 'the country's first smart, green and disaster-resilient metropolis.' The comprehensive planning for the project is expected to be done in the next nine months, with development to start within the next two years.