COMPANY PROFILE
The Bases Conversion and Development Authority (BCDA) is a development corporation vested with corporate powers under Republic Act (RA) 7227 (Bases Conversion and Development Act of 1992), signed into law by former President Corazon C. Aquino last March 13, 1992. The BCDA Charter was amended by RA 7917 in 1995, and further amended by RA 9400 in 2007.
Mandated to help strengthen the Armed Forces while building great cities, BCDA remains as a major force in creating economic opportunities in the country—through its establishment of integrated developments, dynamic business centers and vibrant communities.
BCDA engages in public-private partnerships to push forward vital public infrastructure such as tollways, airports, seaports, and also major real estate developments. It is one of the key agencies driving “Build Build Build,” the national government’s most ambitious infrastructure plan in Philippine history. This infrastructure plan hopes to provide bold solutions that will reduce congestion, create jobs and alleviate costs in the Philippines.
Since May 1993 until the present administration under Philippine President Rodrigo Duterte, BCDA has contributed a total of Php 49.19 billion to the modernization program of the Armed Forces of the Philippines (AFP), BCDA’s major stakeholder. For the past 29 years, BCDA has already disposed of a total of Php 112.28 billion worth of assets and has remitted Php 71.18 billion to the National Treasury.
Through the years, BCDA has proven to be one of the most successful government agencies in attracting investments, creating jobs for the Filipino people and boosting the Philippine economy. It has successfully developed economic centers with the private sector giving rise to booming economic districts—Bonifacio Global City in Fort Bonifacio, Newport City in Villamor Air Base—and also vital infrastructure such as the 93.77-kilometer Subic-Clark-Tarlac Expressway.
BCDA is positioning Clark as the next investment center in Asia through high-impact projects such as the New Clark City—a new metropolis that is smart, green, resilient and truly inclusive and the expansion of the Clark International Airport.
The thrust of BCDA in expanding economic opportunities for Filipinos is echoed within special economic zones under the stewardship of the BCDA Group—composed of the BCDA and its subsidiaries—the Clark Development Corporation, the Clark International Airport Corporation, the Poro Point Management Corporation, the John Hay Management Corporation, and the North Luzon Railways Corporation.
BRAND STATEMENT
The BCDA Group is a prime mover of national development. We transform former military bases and properties into premier centers of economic growth in partnership with the private sector with integrity, excellence and efficiency in the stewardship of government resources. We create sustainable urban communities to uplift the lives of Filipinos.
Key Corporate Powers Under RA 7227
To adopt, prepare and implement a comprehensive and detailed development plan for the sound and balanced conversion of the Clark and Subic military reservations
To encourage the active participation of the private sector
To manage and operate through private sector companies developmental projects outside the jurisdiction of subsidiary companies and Special Economic Zones
Special Corporate Powers Under RA 7227
To construct, own, lease, operate and maintain public utilities as well as infrastructure facilities
To reclaim or undertake reclamation projects as it may deem necessary in areas adjacent or contiguous to the Conversion Authority’s lands
To invest its funds and other assets other than those of the Special Economic Zones
To exercise the right of eminent domain
To exercise oversight functions over the Special Economic Zones as declared under RA 7227