BCDA, Megaworld consolidate Fort Bonifacio projects
Published Mar 14, 2019 12:00 am
By James A. Loyola
The Bases Conversion and Development Authority (BCDA) is consolidating major real estate projects in the southern portion of Fort Bonifacio and has tapped urban developer Megaworld Corporation to help in managing the estate.
The consolidation creates a new district which BCDA and Megaworld have decided to call the Bonifacio Capital District (BCD).
Covering the southern part of Fort Bonifacio towards South Luzon Expressway (SLEX) and the Ninoy Aquino International Airport (NAIA), the Bonifacio Capital District has a total land area of around 160 hectares.
This includes Megaworld’s existing township developments, the 54.3-hectare McKinley Hill and the 34.5-hectare McKinley West; and BCDA-owned properties consisting of the 26-hectare Philippine Navy Village; the 33.1-hectare Bonifacio South Pointe property in partnership with the SM Group; the 10.1-hectare Consular property beside McKinley West; and a remaining one-hectare BCDA lot.
Envisioned to be the “country’s administrative capital,” BCD will soon be home to the future buildings of some of the major government institutions.
“The district will soon house the country’s major institutions such as the Senate of the Philippines, the Supreme Court, and the Court of Appeals. These government institutions will be complemented with more office spaces, residential units, parks, and commercial establishments — which are all essential to our vision to create vibrant and livable communities for the people,” said BCDA President Vince B. Dizon.
Along with BCDA, Megaworld will create the Policy Review Board (PRB) which will have the exclusive jurisdiction to set policies and restrictions on the development of BCD, and to ensure the proper execution of the district’s Master Development Plan and Vision.
“In the next five years, after completing the road developments, utilities network and the subway project, we will be focused on traffic management, which includes development of bike lanes and pedestrian networks as well as deployment of traffic marshals,” said Kevin L. Tan, chief executive officer of Megaworld’s parent company Alliance Global Group.
He added that, “we will also improve landscaping along the district’s major roads and designing the entire district with urban art installations. On security management, we will also expand the CCTV monitoring to cover all areas of the district, which will then be incorporated into our Central Command Center inside McKinley Hill.”
The consolidation creates a new district which BCDA and Megaworld have decided to call the Bonifacio Capital District (BCD).
Covering the southern part of Fort Bonifacio towards South Luzon Expressway (SLEX) and the Ninoy Aquino International Airport (NAIA), the Bonifacio Capital District has a total land area of around 160 hectares.
This includes Megaworld’s existing township developments, the 54.3-hectare McKinley Hill and the 34.5-hectare McKinley West; and BCDA-owned properties consisting of the 26-hectare Philippine Navy Village; the 33.1-hectare Bonifacio South Pointe property in partnership with the SM Group; the 10.1-hectare Consular property beside McKinley West; and a remaining one-hectare BCDA lot.
Envisioned to be the “country’s administrative capital,” BCD will soon be home to the future buildings of some of the major government institutions.
“The district will soon house the country’s major institutions such as the Senate of the Philippines, the Supreme Court, and the Court of Appeals. These government institutions will be complemented with more office spaces, residential units, parks, and commercial establishments — which are all essential to our vision to create vibrant and livable communities for the people,” said BCDA President Vince B. Dizon.
Along with BCDA, Megaworld will create the Policy Review Board (PRB) which will have the exclusive jurisdiction to set policies and restrictions on the development of BCD, and to ensure the proper execution of the district’s Master Development Plan and Vision.
“In the next five years, after completing the road developments, utilities network and the subway project, we will be focused on traffic management, which includes development of bike lanes and pedestrian networks as well as deployment of traffic marshals,” said Kevin L. Tan, chief executive officer of Megaworld’s parent company Alliance Global Group.
He added that, “we will also improve landscaping along the district’s major roads and designing the entire district with urban art installations. On security management, we will also expand the CCTV monitoring to cover all areas of the district, which will then be incorporated into our Central Command Center inside McKinley Hill.”