BCDA: 15 Years At the Forefront of Development
Building Engines of Growth
In March 2007, the Bases Conversion and Development Authority (BCDA) celebrates its 15th year as a partner of the national government in building the nation through the sound conversion and reliable stewardship of former US military bases.
BCDA came into being by virtue of Republic Act No. 7227, or Bases Conversion Development Act of 1992, which was signed into law by President Corazon Aquino on 13 March 1992. It was born during a period of turbulence when Central Luzon was devastated by calamities that virtually wiped out any sign of hope for an economic recovery.
For 15 years, BCDA pursued its mandate of modernizing the armed forces, and dispersing economic opportunities to the countryside-deriving guidance from its most able leaders who have an absolute reputation for good governance.
From pursuing its mandate of creating economic enclaves anchored on Subic and Clark, BCDA embarked on a major policy shift that will develop the entire Central Luzon.
On its 15th year, BCDA unveils two milestones that will propel its subsidiaries to exceptional achievements and will strengthen the country's bid to be an economic gateway to the world.
At the forefront of these developments, is the 93.77-kilometer Subic-Clark-Tarlac Expressway, the country's longest and most modern tollroad, which has enabled BCDA to pursue national development goals of the Arroyo administration.
Moreover, BCDA celebrates the passage of two very important pieces of legislations-Republic Act 9399 and Republic Act 9400-which finally clears the obstacles that have long-stalled the grant of tax incentives to its subsidiaries.
At 15, BCDA renews its commitment to put the interest of its countrymen above all else while creating more opportunities that will boost the Philippine economy.
Speech of
President and CEO Narciso L Abaya
BCDA's 15th Anniversary Celebration
Philippine Army Clubhouse, April 19, 2007
details here...
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