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 transform former US military bases into alternative productive civilian use, 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.
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.
BCDA engages in public-private partnerships to push forward vital public infrastructure such as tollways, airports, seaports, and also major real estate developments. BCDA 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 its creation in 1992 until December 2016, the BCDA has generated P79.88 billion from the disposition of former Metro Manila camps. Of the said amount, 31.9 billion has been remitted to the National Treasury for the account of the Armed Forces of the Philippines (AFP). BCDA 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 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.
BCDA is currently 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, disaster-resilient and truly inclusive and the expansion of the Clark International Airport. Among its other big-ticket projects are the Subic-Clark Cargo Railway and the BGC-NAIA Bus Rapid Transit.