Bases Conversion and Development Authority

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Bases Conversion and
Development Authority
Bases Conversion and Development Authority (BCDA).svg
Agency overview
FormedMarch 13, 1992
Headquarters9th floor, One West Building, Clark Global City, Clark Freeport Zone, Mabalacat, Pampanga, Philippines[1]
Agency executives
Parent agencyOffice of the President of the Philippines
Child agencies
Websitewww.bcda.gov.ph
Map
goo.gl/maps/R4Sqv

The Bases Conversion and Development Authority (BCDA) is a government-owned and controlled corporation under the Office of the President 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 on March 13, 1992.[2] The BCDA Charter was as amended by RA 7917 in 1995,[3] and further amended by RA 9400 in 2007.[4]

Mandated to transform former US military bases into alternative productive civilian use.

History[edit]

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.

Organization and Function[edit]

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.

During the first two years of the present administration under Philippine President Rodrigo Duterte, BCDA has contributed P8.2 billion to the modernization program of the Armed Forces of the Philippines (AFP), BCDA’s major stakeholder. The amount represents 20 percent of the total P40 billion received by the men and women of the AFP from BCDA since the state-run agency was created in 1992. For the past 25 years, BCDA has already disposed a total of Php90.32 billion worth of assets. 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.

Properties[edit]

The following sites are currently owned and maintained by the BCDA Group:

Projects[edit]

The BCDA is the builder of the Subic-Clark-Tarlac Expressway, a four-lane tollway.[5]

See also[edit]

References[edit]

  1. ^ "BCDA transfers to Clark". BCDA. 27 November 2018. Retrieved 31 December 2018.
  2. ^ "Republic Act No. 7227". Congress of the Philippines. Chan Robles Law Library. March 13, 1992.
  3. ^ "Republic Act No. 7917". Congress of the Philippines. Chan Robles Law Library. February 24, 1995.
  4. ^ "Republic Act No. 9400". Congress of the Philippines. Chan Robles Law Library. March 20, 2007.
  5. ^ https://www.autoindustriya.com/inside-man/sctex-built-against-all-odds.html

External links[edit]