Bases Conversion and Development Authority
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| Agency overview | |
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| Formed | March 13, 1992 |
| Headquarters | 31st Street corner 2nd Avenue, Bonifacio Global City, Metro Manila, Philippines |
| Agency executives |
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| Parent agency | Office of the President |
| Website |
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| Map | |
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The Bases Conversion and Development Authority (BCDA) is a Government-Owned and -Controlled Corporation under the Office of the President of the Republic of the Philippines. It is a government instrumentality vested with corporate powers under Republic Act 7227 (Bases Conversion and Development Act of 1992), signed into law by former President Corazon C. Aquino last March 13, 1992.[1] The BCDA Charter was as amended by RA 7917 in 1995,[2] and further amended by RA 9400 in 2007.[3]
Mandated to transform former US military bases into alternative productive civilian use.
The BCDA is the builder of the Subic-Clark-Tarlac Expressway, a four-lane tollway.
Since 1992, BCDA has generated Php57.215 billion in disposition proceeds from the sale, lease and/or joint venture development of former Metro Manila camps and their transformation into new premier mix-use economic districts. The biggest two of which are Fort Bonifacio and Villamor Air Base, which are now known as Bonifacio Global City and Newport City, respectively.
The biggest stakeholder of the BCDA is the Armed Forces of the Philippines (AFP). Of the Php57.215 billion generated through BCDA's Asset Disposition Program (ADP), 38.08% or P21.788 billion has been remitted to the National Treasury for the account of the AFP. This is broken down into Php12.292 billion for the AFP modernization program and Php9.496 billion for military replication expenses. As mandated by R.A.7227 and amended by R.A. 7917, other beneficiaries are the contiguous municipalities of Taguig, Pateros and Makati, and 14 other government beneficiary agencies, receiving shares amounting to Php462 million and Php7.272 billion, respectively. On the other hand, some Php619 million went to the replication of non-military facilities affected by the developments, Php4.373 billion for taxes, duties and fees and Php7.190 to direct expenses like construction of site development projects, relocation and housing of informal occupants, survey, appraisal and titling expenses, as well as administrative costs. Further, Php10.891 billion went to the bases conversion program, the other major mandate under RA7227.
After BCDA remits the money to the Bureau of Treasury, the utilization and distribution of the remittances become the responsibilities of the Department of Budget and Management in accordance with the approved fiscal program of the government and shall release the share of the beneficiary agencies pursuant to the budget execution guidelines.
The following sites are currently owned and maintained by the BCDA Group:
- Atmanda Eco Park in Morong, Bataan (formerly the Bataan Technology Park) (365 ha)
- Clark Freeport Zone in Tarlac (29,213 ha)
- Clark Tourism and Business Complex, Pampanga (2,033 ha)
- John Hay Special Economic Zone (625 ha)
- Poro Point Freeport Zone (236 ha)
- Subic Bay Freeport Zone (13,599 ha)
- Fort Bonifacio and Villamor Airbase (900 ha)
See also
References
- ↑ "Republic Act No. 7227". Congress of the Philippines. Chan Robles Law Library. March 13, 1992.
- ↑ "Republic Act No. 7917". Congress of the Philippines. Chan Robles Law Library. February 24, 1995.
- ↑ "Republic Act No. 9400". Congress of the Philippines. Chan Robles Law Library. March 20, 2007.