Establishment of the Clark Special Economic Zone The Bases Conversion and Development Act of 1992 (Republic Act 7227) authorized the President to issue a decree converting the military reservation in the Clark area covering
Angeles City,
Mabalacat, and
Porac, Pampanga and
Capas,
Tarlac into a special economic zone. The legislation also created the
Bases Conversion and Development Authority (BCDA) to facilitate the conversion process. President
Fidel V. Ramos issued Proclamation No. 163 on April 3, 1993, creating the Clark Special Economic Zone (CSEZ) and transferring the administration of the area to the BCDA. The proclamation included the
Clark Air Base and portions of the Clark reverted base lands not reserved for military use to the CSEZ. The
Clark Development Corporation, a subsidiary of BCDA was founded to oversee the development of the area in the same year. The Metro Clark Advisory Council (MCAC) was also formed shortly as a mechanism for the CDC to coordinate with local government units in the area. The following year, President Ramos declared Clark as the future site of a "premier" civilian international airport with a 14-million passenger capacity by 1998 but this plan did not come to fruition as projected.
Creation of the Freeport Zone The Clark Air Base area, also known as the Clark Main Zone was declared a Freeport Zone and was separated from the special economic zone through Republic Act 9400 of 2007. Since then the Freeport Zone and the Clark Special Economic Zone were considered as separate areas but collectively they are occasionally referred to as the "Clark Freeport and Special Economic Zone".
Further reorganization In November 2018, the BCDA and the
Clark Development Corporation grouped four developments within the CFEZ namely the Clark Freeport Zone,
Clark Global City,
Clark International Airport, and New Clark City as "districts" under one brand dubbed as "Clark: It Works. Like A Dream". Six years later, it was announced that the planned central business district is set to rise in the area as Clark Central Business District and it will create more than 170,000 jobs. ==CDC Board of Directors==