Tuesday, February 7, 2023
HomeNews + FeaturesBSP to expand outside NCR, eyes New Clark City location.

BSP to expand outside NCR, eyes New Clark City location.

The Bangko Sentral ng Pilipinas (BSP) set to expand outside the National Capital Region with a new building located within New Clark City (NCC) in Capas, Tarlac.

BSP will spend at least P25 billion for the construction of a new Currency Production Facility (CPF) in its 31.2-hectare complex within NCC.  It will include an “inclusive, green, and smart” office building, the BSP Museum, an academic building, a sports complex, data and command centers, and commercial stalls. Aidea will design all publicly accessible and semi-restricted areas.

“The new BSP Complex is envisioned to be a global benchmark for a smart, green, and modern facility that promotes environmental sustainability and efficiency,” the central bank said.

Once operational, it will be able to produce 5 billion pieces of bills and coins compared to the current 3 billion capacity of the facility in Quezon City

Its new facility design created by Aidea Inc, which won the bid for the contract, was awarded as among the best in the world under the Architectural Design – Institutional Architecture category during the 2022 Architecture Master Prize (AMP) design competition, the central bank said in a statement. Aidea also submitted the entry to the AMP design competition. It is the only Philippine entry that passed the initial screening. 

The plan to relocate the printing facility was initiated during the time of BSP Governor Nestor A. Espenilla Jr. in 2018, but he passed away in February 2019, leaving it to his replacement, Diokno, to carry out the proposition.

Gerone Baladhay
Gerone Baladhay
Gerone is a freelance writer, editor and writing coach. He is a spoken word artist and author of a chapbook called "Burarul". He loves traveling with his second-hand Toyota 2013 vioz. A fan of pizza, anime, all that is Kapampangan, the beach, mountains, BL series, and the oxford comma.
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