Investment and Projects
Bonifacio Global City (BGC) is one of the newest cities in Metro Manila. BGC has numerous locators offering thousands of job opportunities. It is developed by BCDA, in partnership with Fort Bonifacio Development Corporation (FBDC) (composed of the Ayala Land, Inc. (ALI) and Evergreen Holdings, Inc. of the Campos Group). Locate the Bonifacio Global City
Serendra is a residential development with clusters of low, mid and high-rise condominium buildings. Serendra features suburban living with spacious gardens, while providing proximity to places of work, play and education. It is a Joint Development between the Bases Conversion and Development Authority (BCDA) and Ayala Land, Inc. (ALI).
Uptown Bonifacio is a Megaworld Corporation’s development in the heart of the Bonifacio Global City as The Urban Cosmopolitan Playground with new luxury residential condominiums, top-grade office sites, a world-class commercial center, and the country’s largest and most prestigious superclub. The 8.38-hectares portion of the total land area of Uptown Bonifacio development is a Joint Venture partnership of BCDA with Megaworld.
McKinley Hill (MKH) is Megaworld’s signature development, where various international institutions (Great Britain, Korea and United Arab Emirates Embassies; Chinese International School, Meridian International College and Enderun Colleges) are located. It features the Venice Grand Canal Mall, the Philippines’ first man-made grand canal with gondola rides, surrounded by a range of foreign cuisines. It is a Joint Venture partnership of BCDA with Megaworld for the development of 24-hectares of land which is also part of Fort Bonifacio.
McKinley West is Megaworld’s township in Fort Bonifaico. It is set to host a posh village and private residential estates complemented by a modern business district and leisure center-living up to the lifestyle of neighboring Forbes Park and the Manila Polo Club. It is another Joint Venture partnership of BCDA with Megaworld.
Newport City (NPC) the former Villamor Air Base, is now one of country’s world-class resort complex, featuring a strong I.T. component and airport-related businesses. Several world class hotels, a 18-hole golf course, and the NAIA Terminal 3 are all found within the area. It is a development by the Megaworld Corporation. Locate the Newport City
ASSET DISPOSITION PROGRAM
Since 1992, BCDA has generated Php82.06 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 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. BCDA's effective partnerships with the private sector assured revenues for the country, bringing in more business and employment opportunities.
Of the said amount, Php35.41 billion has been remitted to the National Treasury for the account of the Armed Forces of the Philippines (AFP), broken down into Php24.05 billion for the AFP modernization program and Php11.36 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.
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.