Two Japanese firms have indicated their intentions to explore opportunities in the Philippines' special economic zones. One wants to operate a self-driven cable car in Baguio City, and the other wants to promote investment options.
The Bases Conversion and Development Authority (BCDA) president and Chief Executive Officer Joshua Bingcang signed a memorandum of understanding with Zip Infrastructure Co. Ltd. to determine the viability of a self-driven cable car system in Camp John Hay, Baguio City.
"This technology promises to enhance urban mobility, reduce traffic congestion, and promote environmentally sustainable transportation solutions. By leveraging Zippar technology, we can create a seamless and efficient transport system within Camp John Hay, making it more accessible and enjoyable for residents and visitors alike," Bingcang said.
Bingcang and Zip Infrastructure CEO Takamasa Suchi signed the MOU, with Transportation Secretary Jaime Bautista and Zip Infrastructure director and head of Business Development Mario Ian Carlos Ferido Rebonquin as witnesses.
Under this agreement, Zip Infrastructure shall prepare a feasibility study for the operations and maintenance of its self-driven cable car system, Zippar, in Camp John Hay.
This technology seeks to provide an alternative transportation system that can ease traffic congestion and improve accessibility. Zippar also offers a versatile design that allows riders to ride in curves and branches while remaining automated and driven from a control center.
BCDA also inked a three-year partnership with the Organization for Public-Private Partnerships Promotion Support (OPPS) of Japan to promote investment opportunities in New Clark City and other BCDA economic zones to Japanese companies.
The MOU was signed by Bingcang and OPPS Director and Vice President Kimikazu Uemura, with Ministry of Land, Infrastructure, Transport and Tourism Deputy Minister for Overseas Projects Seiichi Onodera, Japan Overseas Infrastructure Investment Corp. for Transport and Urban Development President and CEO Tatsuhiko Takesada, and BCDA Vice President for Engineering and Social Support Mark Torres as witnesses.
Through this partnership, the BCDA and OPPS seek to create business opportunities, promote information exchange between the public and private sectors, and scope appropriate modes of collaboration with Japanese companies interested in specific investment areas, such as housing, estate management, operations and maintenance of sports facilities, transportation, waste-to-energy, smart city development, retail, and other areas that may be required or agreed upon by both parties.
"OPPS as a steadfast advocate for BCDA's projects, and leveraging on your Japanese network and expertise to attract investment and foster international partnerships will be crucial and invaluable in raising awareness about the opportunities available in New Clark City and in facilitating collaborations with global stakeholders," Bingcang said.
The OPPS is an organization of Japanese companies providing support services to realize PPPs and private finance initiatives.
It helps industries screen infrastructure projects and supports coordination between Japanese companies and partner governments.