THE Bases Conversion and Development Authority (BCDA) will present to investors by next month the master plan for its flagship Clark Green City project.
Jul 062017
Mar 302016
THE Court of Tax Appeals has denied the Bases Conversion and Development Authority’s (BCDA) petition to be refunded P19.98 million for creditable withholding tax paid on its units in the Serendra Project.
May 122015
STATE-RUN Bases Conversion and Development Authority (BCDA) remitted last week an additional P1 billion to the Bureau the of Treasury (BTr) to represent its partial payment of guarantee fees for the Subic-Clark-Tarlac Expressway (SCTEx) for 2014.
Dec 092013
MANILA, Philippines – The Bases Conversion and Development Authority (BCDA) is spending about P76 million for three road projects for improved access to the Poro Point Freeport Zone (PPFZ) in La Union. In a statement, the BCDA said the three projects, which were recently launched by the Department of Public Works and Highways (DPWH), are the construction of the road leading to the Poro Point Lighthouse; repair of the road leading to the Poro Point Management Corp. (PPMC) and upgrade of the road leading to the San Fernando Airport. The BCDA and its subsidiary PPMC identified the Poro Point road projects which the DPWH would execute. BCDA president and chief executive officer Arnel Paciano Casanova said the initiative is in line with the BCDA’s mandate to be a catalyst for national growth and development. “The PPFZ is a key economic driver in the region, and these road projects will make it more accessible to tourists and locators,” he said. Under Republic Act (RA) 7917 which amended Section 8 of RA 7227 or the Bases Conversion and Development Act, the BCDA should set aside 27.5 percent of its earnings for infrastructure projects, including the construction and upgrade of highways, railways and other transport facilities to improve access to former military bases. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 PPMC board chairman Ives Nisce said the road projects would boost tourism and economic activities in the Freeport zone, particularly the annual Sillag Festival, one of San Fernando’s biggest tourist draws. Read More …
Nov 242013
MANILA, Philippines – The Bases Conversion and Development Authority (BCDA) has awarded the lease and development of the two-hectare Concepcion service area along the Subic-Clark-Tarlac Expressway (SCTEx) to Sea Oil Philippines, Inc. “We gave he notice of award to the lone complying bidder Sea Oil last week,” BCDA Asset Disposition Program Committee chairman Nena Radoc said in a telephone interview. Radoc said Sea Oil submitted a proposal higher than the minimum acceptable starting annual fixed lease for the service area set by the BCDA at P2.240 million. The BCDA expects to enter into the lease and development contract with the winning bidder next month. The lot will be leased for 25 years, renewable for another 25 years upon agreement between the BCDA and the winning bidder. Under the contract, a one-year grace period in the payment of the lease will be given to the winning bidder to allow it to put up the facilities in the service area such as gas station, restrooms, parking slots, emergency First Aid station, potable water and lighting system, emergency vehicle repair shop and convenience stores. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The lease is subject to annual escalation of five percent. Upon contract signing, the winning bidder will have to pay the BCDA the lease for the first three years covering the second until the fourth year of the lease term. As for the two-hectare Macangcung service area also located along SCTEX which did not receive bids during the auction conducted Read More …
Nov 202013
A CONSORTIUM of construction firms may bag within the month the contract to develop a 5,225-square-meter commercial lot in Bonifacio Global City that is being auctioned off by the government, provided the companies hurdle post-qualification procedures, a Bases Conversion and Development Authority (BCDA) official yesterday said.
Aug 052013
THE BASES Conversion and Development Authority (BCDA) will auction off two service areas along the Subic-Clark-Tarlac Expressway (SCTEx) for around P4 million total, an official said yesterday.
Jul 152013
MANILA (Mabuhay) — The Bases Conversion and Development Authority (BCDA) on Friday said it plans to move the Philippine Air Force (PAF) out of Clark so more land could be made available for development inside the Freeport. “The BCDA is eyeing the transfer of the Philippine Air Force in Clark to enable us to utilize […]
May 092013
THE PLANNED monorail project connecting the Bonifacio Global City (BGC) to the Ninoy Aquino International Airport (NAIA) is expected to be included as part of a larger train system plan covering the whole Metro Manila, the Bases Conversion and Development Authority (BCDA) said yesterday.
Feb 042013
SINGAPORE – The tollway management unit of Metro Pacific Investments Corp. (MPIC) is negotiating anew to take over the Subic-Clark-Tarlac Expressway (SCTEx). The latest proposal of Manila North Tollways Corp. (MNTC) will allow the government to earn from a clearer revenue sharing system, company officials said. “A third one (proposal) is in order because the government is not convinced that [the second] proposal is acceptable to them on terms that will not require a market challenge,” MPIC president and CEO Jose Ma. K. Lim said in a briefing. “We are still tweaking the proposal,” said Metro Pacific Tollways Corp. (MPTC) president Ramoncito S. Fernandez. In July 2011, the Bases Conversion Development Authority (BCDA) signed the SCTEx business and operating agreement with MNTC and holding firms MPTC and MPIC. Under the deal, MNTC will operate and manage the 94-kilometer SCTEx for 33 years while relieving SCTEx builder BCDA of the heavy financial burden of paying the P34-billion debt to the Japan International Cooperation Agency (JICA). Business ( Article MRec ), pagematch: 1, sectionmatch: 1 However, MPIC has yet to secure the final approval from President Aquino. The Department of Finance wants a rebidding of the contract given issues on the revenue sharing. Lim said the new proposal is based on a revenue sharing and a guarantee system. He said MNTC wants to “make it clearer to the government that in the course of taking over the debt service, we will be contributing a specified amount of equity that will be comparable Read More …