MANILA – Clark Development Corporation (CDC) president and chief executive officer Agnes Devanadera said Thursday the multi-specialty medical center in Clark Freeport Zone has secured PHP1-billion funding from Bloomberry Cultural Foundation, Inc.
“We have the Clark Multi-Specialty Medical Center. The site has been inspected by the President (Ferdinand R. Marcos Jr.). We shall be housing the heart center, the kidney, the children center, the cancer institute, and the trauma... The first building costing PHP1 billion will be funded by Bloomberry Foundation, the foundation arm of Solaire casinos,” Devanadera said at the 49th Philippine Business Conference held at the Manila Hotel.
On the sidelines of the event, Devanadera said the PHP1-billion funding will be in a form of donation as part of Bloomberry Foundation’s corporate social responsibility (CSR) initiatives. The donation will be spent only for the construction of the first building of the multi-specialty hospital.
She said Bloomberry Foundation is dedicating PHP500 million this year and another PHP500 million in 2024.
The Department of Health will also bring in PHP500 million for the next building, she said.
“The participation of the CDC is the land, the usufruct,” she added.
"There will be two more buildings, two more facilities like the medical arts building for the doctors so that the private doctors can come and have their clinics there, and a little commercial (facility that) will be funded by the Clark Development Corporation," Devanadera said.
She said Bloomberry Foundation also did the masterplan of the multi-specialty hospital, which the entire development will need around PHP10 billion to PHP12 billion.
“It is also open for other donations, but most likely, it will not be open to private investors because the government would like to have it,” Devanadera said.
The groundbreaking for the first building is eyed in the first quarter of 2024 and targeted to be operational within 18 to 24 months, she added.
“The first building will have to be general hospital first... as they build the next, then the other specialty areas will be opened. And for the first building, there will be for common facilities, pharmacy, administration and finance, (and) emergency,” the CDC chief added. (PNA)