Architectural rendering of the upcoming Bangko Sentral ng Pilipinas (BSP) complex in New Clark City, Tarlac. The facility, designed by Aidea Inc., will house the country’s main currency printing and minting operations and is scheduled for completion by 2028. – Image credit: Courtesy of Bangko Sentral ng Pilipinas / Aidea Inc.
MANILA, June 16, 2025 — The Bangko Sentral ng Pilipinas (BSP) confirmed that its long-delayed currency production facility in New Clark City is officially back on track, following the completion of the project’s architectural and engineering design.
Design Phase Completed
Architecture firm Aidea Inc. has completed the Detailed Architectural and Engineering Design (DAED) for the 29-hectare printing and minting complex in Capas, Tarlac. With this milestone met, the BSP is preparing to open bidding for a general contractor to lead the construction phase.
The project’s design has earned international recognition, including a citation in the 2022 Architecture MasterPrize under the Institutional Architecture category.
New Timeline and Purpose
Initially scheduled for completion in 2022, the project was delayed by the COVID-19 pandemic. The new target completion date is 2028. Once operational, the New Clark City facility will replace the BSP’s aging Security Plant Complex in Quezon City and serve as the country’s main site for producing banknotes and coins.
BSP officials said the relocation is part of a broader strategy to decentralize key government operations, improve disaster resilience, and ensure the continuity of currency supply during emergencies.
Transport and Housing Integration
Transportation Secretary Vince Dizon said a feasibility study is underway to assess the creation of a rail link between Clark International Airport and the BSP site. The study is expected to be completed by August 2025, with funding arrangements likely to follow before the year ends.
Meanwhile, the Bases Conversion and Development Authority (BCDA) has partnered with a South Korean firm to develop nearby residential housing for BSP staff. The housing is expected to support a live-work setup and contribute to New Clark City’s vision of becoming a smart, inclusive government center.
A Key Piece in New Clark City’s Growth
New Clark City is located in Tarlac province, officially spanning the municipalities of Capas and Bamban. It is part of the Clark Special Economic Zone, under the administrative umbrella of Angeles City in Pampanga.
The city is envisioned as a sustainable and disaster-resilient metropolis. Within it lies the National Government Administrative Center (NGAC), a 200-hectare section designated for backup government offices and national infrastructure projects.
The BSP facility joins other developments in the area, including the New Clark City Sports Hub and ongoing railway integration via the North–South Commuter Railway. These projects position the city as a central hub for both government continuity and regional growth.
Project Timeline and Key Milestones
Construction bidding is set to begin in the coming months.
Feasibility study for rail access will be completed by August 2025.
Groundbreaking expected by late 2025 or early 2026.
Targeted full operations by 2028.
Strategic Importance of the Facility
The BSP’s move supports national security, economic resilience, and infrastructure modernization. With disaster-ready design, staff housing, and transport integration, the New Clark City currency hub embodies the Philippines’ shift toward decentralized, climate-resilient, and future-focused governance.
