Stories That Redefined Thenation Stories That Redefined Thenation

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Stories that Redefined theNation Stories that Redefined theNation

CONTENTS

1 INTEGRITY, EFFICIENCY AND 46 BCDA: 25 YEARS DETERMINATION 54 A STORY OF SERVICE 2 LOUD AND CLEAR

4 OUR FORMULA FOR 60 CORPORATE GOVERNANCE MAKING IT REAL 64 THE STORY BEHIND THE NUMBERS: 6 A STORY OF MODERNIZATION 2017 FINANCIAL HIGHLIGHTS

14 A STORY OF 70 OUR LEADERS: THE BCDA TRANSFORMATION BOARD OF DIRECTORS

22 A STORY OF BUILDING 74 MANAGEMENT DIRECTORY A MODERN PHILIPPINES

36 A STORY OF INVESTMENTS 76 DIRECTORY OF THE BCDA GROUP

ABOUT THE COVER

The BCDA narrative is more than just the agency’s 25-year history or even its many accomplishments. It’s about the strengthening of the military, the building of cities, the development of responsive infrastructure, the investment of locators, and the outreach projects that benefit communities. The stories of AFP modernization; of the transformation of camps into cities, such as the New Clark City; of building an iconic structure; of the Clark International Airport and other Build Build Build projects; of special economic zones and their locators; and of service to the BCDA’s stakeholders—all of these represent the different frames through which the story of the BCDA can be told.These stories have redefined the nation, so to speak, in their impact—try imagining the Philippines without Bonifacio Global City, for example—and significance. Not only have the BCDA’s projects become part of our physical landscape, but more importantly, they are part of our development and progress as a nation. 25 YEARS OF BCDA: STORIES THAT REDEFINED THE NATION

INTEGRITY, EFFICIENCY AND DETERMINATION

“BCDA has effectively fulfilled its mandate of helping strengthen the Armed Forces of the Philippines while building great cities.”

My warmest greetings to the I welcome the publication of this integrity, efficiency, and determination Bases Conversion and Development Annual Report that communicates as we sustain our momentum towards Authority (BCDA) on the occasion your recent programs and inclusive and sustainable development. of its 25th Anniversary and the achievements, including vital public publication of its 2017 Annual Report. infrastructure such as tollways, Congratulations. airports, seaports, and major real Over the years, BCDA has effectively estate developments. This affirms fulfilled its mandate of helping BCDA’s role as one of the key agencies strengthen the Armed Forces of the driving “Build Build Build,” the Philippines (AFP) while building great national government’s most ambitious cities. It remains as a major force in infrastructure plan in Philippine creating economic opportunities in history. the country through the establishment of integrated developments, dynamic As you look forward to the next 25 Rodrigo Roa Duterte business and vibrant communities. years and beyond, I remain hopefiul President that you will uphold the values of Republic of the Philippines

1 2017 ANNUAL REPORT

this government’s push for AFP modernization, and supporting our men and women in uniform. LOUD While the remittances ensure that a flow of funds is sustained for our troops, BCDA has also come up AND with a new CSR Program to further recognize their sacrifices, especially for those assigned in Marawi City, CLEAR Lanao del Sur. For those unaware, this “Marawi Conflict” between Gregorio D. Garcia III government forces and the Maute and Chairman Abu Sayyaf jihadist factions have cost the Filipino people hundreds of lives and profound suffering.

In partnership with St. Luke’s Medical Center, BCDA has expanded the “Sundalo Ko, Bayani Ko” Project, We are proud to present the “No one can question particularly for Marawi Conflict 2017 Annual Report of the Bases veterans. Any active AFP soldier Conversion and Development how serious we are wounded in Marawi can avail of Authority (BCDA). While I have been medical services that aren’t available in very enthusiastic about our plans in supporting this military hospitals; medical treatment within BCDA, I have never been government’s push for and procedures shall be provided someone to put the cart before the by St. Luke’s at concessional rates. horse. I’ve always made it a point to AFP modernization, and The fund BCDA has set aside for keep mum about our organization’s supporting our men this project amounts to Php5 million. accomplishments, and would rather You have yet to read about this in the wait for the numbers to come in and women in uniform.” papers—again, this is because BCDA before tooting our horn. believes in doing, and not just saying. Carlos Dominguez III called this “a I’m very honored and proud to say In this report, you’ll also find details remarkable financial achievement.” To that this year, the sound of that horn on the awarding of the Iconic Tower place this feat in better context, reports is loud, and ever so clear. To start, the bid. It’s said that a true iconic edifice state that for the first two years of the BCDA—the country’s only agency has to be memorable and easily Duterte administration, the BCDA assigned to contribute to the Armed reproduced—meaning even a child can remitted a total of Php8.2 billion to Forces of the Philippines’ (AFP) sketch a semblance of it. We searched the AFP. This amount represented 20% self-reliance and livelihood programs, far and wide for a partner fit enough of the total Php40 billion received by and to transform former U.S. military to develop this legacy landmark its major stakeholder since BCDA bases into places for lucrative and that will serve as an identifier for was created in 1992. In all its 25 productive civilian use—contributed Bonifacio Global City (BGC) the way years of existence, never has this sum a record-breaking Php8.2 billion the Eiffel has done for Paris, or the been reached. No one can question to the National Treasury in 2016 Sydney Opera House for Australia. how serious we are in supporting and 2017. Even Finance Secretary In February 2017, we found them:

2 25 YEARS OF BCDA: STORIES THAT REDEFINED THE NATION

Henning Larsen-ARUP. Together, we’ll build an unforgettable space that will house premium offices and retail areas, and a special area to honor the Armed Forces of the Philippines.

We at BCDA have always prided ourselves ON our integrity and transparency. You’ll have proof of that and more when you read through this Annual Report. As it is, we are already looking forward to giving you more record-breaking news and more opportunities to give truly meaningful service for 2017.

2 1. Our country’s valiant soldiers after winning the war against the Maute Group in Marawi City.

2. President Rodrigo Roa Duterte’s genuine care and love for the Armed Forces and policemen became BCDA’s driving force in intensifying its corporate social responsibility (CSR) efforts for the military—its major stakeholder.

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OUR FORMULA City, a smart and resilient master- FOR MAKING IT planned community that will divest Metro Manila of its many woes—a REAL model of modern development.

Vivencio B. Dizon Disruption President and CEO What would you do if you weren’t afraid? This is a question few are prepared to answer, much less ask of themselves. We here at BCDA have been asking ourselves that since Day One. To create something monumental, you have to be ready to disrupt the norm.

Focus, disruption, humanity. “With our agency’s Before it was rechristened, New

Clark City was called Clark Green These three words encapsulate mandate... we were City, and it had all the qualities you our philosophy, first coined and expected from a city that had all the emphasized by our Chairman, Greg more than equipped “bests.” This was and is undisputable. Garcia, in our fledgling months in to kick into high gear But we saw it as something more: It BCDA. But never more has the would be the next economic hub in organization embodied these three this past year.” Asia. Not just the greenest, cleanest, words and used them as our “North and most modern in the Philippines, Star” than in 2017. but a center of vibrant and essential

We’re one step closer to this with the economic activity in the region, stirred With our agency’s mandate likewise ground breaking of the expansion of by the proximity of the CRK, the streamlined as “help strengthen the Clark International Airport (CRK)— nearby ports, the Subic-Clark-Tarlac Armed Forces, while we build great probably the crowning “airport glory” Expressway (SCTEX), and this long cities,” we were more than equipped to in President Duterte’s Build Build corridor of commerce and industry kick into high gear this past year. Build agenda. The first phase of the from Batangas way up to Tarlac. project includes the construction of In this Annual Report, we tell how a 100,000-sqm terminal—about the Dare we dream? More than that. philosophy and mandate became same size as Hong Kong International We do. actual, high-performing reality. Airport Terminal 2—allowing Humanity Focus passenger capacity to increase from 4.2 million to eight million per year.

People are always at the center of our While BCDA has had many CRK won’t just be an architectural projects. milestones in the last two decades, we marvel—it will serve as one of the felt that we really needed to zero in on world’s most prestigious portals to the New Clark City, for example, will be a one thing: Clark, and its development country. Visitors will be able to glimpse city for the people. An unprecedented into a premier city, not just for the the Philippines’ highest possibilities 60% of land will be designed as open Philippines, but for the world. when they drive through New Clark space in NCC—this means green

4 25 YEARS OF BCDA: STORIES THAT REDEFINED THE NATION

space for parks, playgrounds, bike incongruous directions, but it makes lanes, pedestrian paths. Clark will be Our record-breaking remittance of sense if you see the cycle it generates, a city that is walkable and livable, a Php8.2 billion to the Armed Forces in and the future it promises. A strong city that will bring you back to the 2016 and 2017 not only provides the military, duly honored for its service, essentials—being with whom you love hardware—the guns, ships, and jets— is a dignified military that will serve and doing what you enjoy, not stuck but more importantly, helps support its country wholeheartedly. A country in your car or in a commute through the software by providing better with great cities is a country that traffic. This is a city that, at its very facilities for housing, health care, respects its resources and its people, core, is designed for what matters to us sports, and recreation for the Filipino from whom it shall expect no less of as human beings. soldier. Through these remittances, we the same. hope to improve—individually and as Back to our mandate a whole—the situation of this humble My thanks go to the men and women yet noble lot. of the BCDA for believing in the Primarily created for the welfare and soundness of this mandate, and their modernization of the AFP, however, “Strengthening the Armed Forces contributions to making it real. BCDA’s prime accomplishments in while building great cities” may seem 2017 were focused on the military.

Aerial perspective of the sport facilities in New Clark City.

5 A Story of Modernization

25 YEARS OF BCDA: A STORY OF MODERNIZATION STORIES THAT REDEFINED THE NATION Breaking Records for the Armed Forces

The BCDA set the bar at an all-time high with its record remittance of Php8.2 billion for the Armed Forces of the Philippines (AFP) modernization in 2016 and 2017—the first two years of the Duterte administration. It couldn’t have come at a more opportune time.

Let the numbers speak for themselves. The In fact, the BCDA set a record for its 2017 BCDA’s remittance of Php8.2 billion for 2016 and remittance—a total of Php4.6 billion, one of its 2017—representing more than 20% of the total greatest accomplishments for the year. This is 300% amount remitted over the last 25 years—indicates more than the annual average of that this agency is serious about funding AFP Php1.5 billion contributed from 2006 to 2015. modernization. Since its creation, the BCDA has contributed a total This achievement, in only the first two years of of Php36.31 billion for the AFP—Php25.2 billion the Duterte administration, proves the Authority’s for AFP modernization, and Php11.09 billion for commitment to strengthen the Armed Forces. the replication of military facilities such as offices, housing, and hospitals.

Prioritize AFP Modernization. This has been the marching orders of President Rodrigo Roa Duterte since he assumed office in June of 2016—harmonizing the administration’s plan to have a credible deterrence to secure Philippine territory.

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Heroes in the Line of Fire

The Marawi siege threw the spotlight on the military’s combat capability. While modernization is usually linked to technology and firepower, our men and women in uniform have shown that it’s not about winning battles. It’s about winning wars.

A soldier scans the debris caused by the battle between the Maute Group and the military in Marawi City. (Photo credit: Linus Escandor)

You probably wouldn’t think 25-year-old the Islamic State in Southeast Asia—took On October 5, his platoon got sniped at as PFC Harry Alcantara was a battle front control of the Philippines’ only self-declared they were about to enter an underground liner. Slim and of average height, he doesn’t Islamic city: Marawi City, the capital of passage. He fired at the wall that was the have the brawn that some soldiers have. He Lanao Del Sur. sniper’s cover, emptying the 50 rounds in speaks softly and carefully, as if measuring his K3 machine gun. the impact of his words. Maybe he’s not Alcantara relates that his class was the last your typical soldier, but he’s definitely got of batch of Scout Rangers to be deployed to Pausing briefly to reload his rifle, he got the heart of a front liner. Marawi in the last week of August. As soon hit—and so did four other soldiers behind as they got there, their first thought was for him. Alcantara was 20 when he joined the the war to end. Philippine Army. The second of four Badly wounded and bloodied, Alcantara siblings, he enlisted to help provide for his “Nakakatakot siya,” he narrates. “Pero may fell. He struggled to remain conscious. family. halong sobrang galit sa ginawa [ng mga “Inisip ko ‘yung bunsong kapatid ko na Maute] doon sa Marawi—lalo na sa mga babae. Tapos ‘yung lalaki. Kaya bumangon On May 23, he was in Scout Ranger civilian (It was scary. But then there was talaga ako (I thought of my youngest training in Bulacan when armed men with anger because of what [the Maute Group] sibling, my sister. And then my younger black ISIS flags led by brothers Omar and did—especially to the civilians),” he adds, brother. So I got up),” he says. Abdullah Maute, and Abu Sayyaf leader recalling the reports of killings, rape, and Isnilon Hapilon—considered the emir of other violence suffered by Marawi residents at the hands of the militants.

8 25 YEARS OF BCDA: A STORY OF MODERNIZATION STORIES THAT REDEFINED THE NATION

“Kapag natulog ako, mamamatay ako doon. Kaya sabi ko, gigising ako para REMITTANCES to BTr 6.0B

sa mga kapatid ko. (I knew that if I lost T EVER consciousness, I’d die. So I told myself, “I’d and AFP SHARE ES (2014 to 2017) stay awake for my siblings),” he adds. HIGH 4.6B With the sniper still firing at him, he 4.0B 4.0B crawled to a post for cover. But another 3.6B Maute fighter, thinking he was dead, tried 3.2B 3.4B to pull him down into the underground passage. That was when Alcantara shot him. 2.2B He then managed to run outside for safety, where he received first aid.

‘To serve’

Alcantara was one of more than 4,000 troops who put themselves in the line of 2014 2015 2016 2017 fire in what’s been described as the longest and bloodiest Philippine military operation REMITTANCES TO BTr AFP SHARE since World War II.

He now looks back on Marawi with a quiet sense of fulfillment. For him, his baril na meron dito (It was so much better In so many ways, the Duterte deployment there was his contribution to than the guns we have here).” administration has assured the military fulfilling the AFP’s mission of serving the of its support for AFP modernization. people, securing the land. Still, Alcantara remains unfazed. AFP Speaking at the 67th anniversary of the modernization has begun, he says, and it Philippine Marine Corps in November, It’s a mission that’s deeply etched in can be felt by soldiers like him. the President vowed to modernize the Alcantara heart, as well as in the heart of military and police by providing brand new every man and woman in uniform. The AFP Modernization Program was equipment and firearms. created in 1995 through Republic Act “Alam namin na delikado, at ‘pag tumapak (RA) No. 7898 for a period of 15 years, He was quoted as saying, “I love my ka doon ay baka hindi ka na makabalik. with a budget of Php50 billion for the first soldiers and I love my police. And you Pero alang-alang sa civilian doon—para ma- five years. When it expired in 2010, it was can be very sure that I am there when the clear ang Marawi at maging peaceful (We extended by the Aquino government in moment needs me.” knew that it was dangerous and that once 2012 through RA 10349 for another 15 we set foot there, we might not be able to years. In another speech, the President was come back alive. But we did it for the sake reported to have said, “Ang mga sundalo of the civilians there—to clear Marawi of RA No. 10349—the Revised AFP natin at pulis (Our soldiers and police), militants and to restore peace),” Alcantara Modernization Program—with its budget they’ve been fighting for several years. Yung says. of Php75 billion for the first five years, is mga baril nila, gastado na (Their guns are an attempt to build military muscle against spent). We need new guns.” “Ginawa namin alang-alang sa serbisyo (We external threats. Under the program, at did it to serve),” he adds. least 50% of the proceeds of the sale of “From now on, we will not buy second- military camps, net of direct expenses, will hand hardware,” he stated. The mandate to modernize go to the AFP for modernization. This is an increase from the 35% mandated in RA Investing in modernization Alcantara wouldn’t describe his K3 7898. machine gun as “high-tech.” The war in Marawi tested the government From 2016 to 2017, 20 big-ticket items in so many ways. Among the burning Some of the rifles they recovered from the that increased the military’s capability were questions it raised was: How combat-ready Maute fighters were newer and better, he completed and delivered. Among these is the AFP? How capable is it of defending says. were the Korea Aerospace Industries (KAI) the nation? FA-50PH Fighting Eagle light combat and They were so new that the soldiers didn’t trainer aircrafts—the lighter version of the To put it another way: How much of a even know what they were called. He supersonic jet T50 developed by KAI and match is a K3 machine gun against a describes one rifle in particular that they Lockheed Martin—in October. spanking new, “high-tech” firearm? recovered from a foreigner who had fought alongside the Mautes: “Ang layo sa mga

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On the whole, Marawi necessitated investing in the modernization of the Armed Forces. BCDA’S CONTRIBUTIONS

At the 78th anniversary celebration of TO THE AFP, BY THE NUMBERS the Department of National Defense, Secretary Delfin Lorenzana said that the AFP Modernization Marawi siege was a reminder of the “shared responsibility” of guarding the country against terrorism. Php36.31 Billion from 1993 to 2017 “It also reminds us of the importance of our mandate, and a wake-up call that we must invest more on improving our capabilities Allotted for improvement and modernizing our equipment,” he was of military facilities reported as saying. Record remittance Php11.09 Billion Investing in AFP modernization is something the BCDA knows all about. Record remittance for AFP modernization in 2017 When the agency was created in 1992 through RA No. 7227, it was given the mandate of raising funds from the sale of Php4.6 Billion parts of military bases and camps. These funds go into the National Treasury for the AFP Modernization Program.

Under the BCDA, former military camps are leased out or otherwise disposed of, and developed into commercial areas and economic hubs. Think Bonifacio Global City in Taguig City, which used to be part of Fort Bonifacio, and Newport City in Pasay City, which used to be part of Villamor Air Base.

BCDA President and Chief Executive Officer Vivencio Dizon describes the agency’s record remittance of Php4.6 billion for 2017 as “a huge achievement.” “We will not relent. We will continue giving the AFP the maximum benefit throughout the years,” he adds.

More than a mandate

Although there are other sources of funding Philippine Air Force FA-50PH Fighting Eagle (Photo credit: Philippine Air Force Public Affairs Office) for AFP modernization, it appears that the BCDA takes its mandate most seriously. On its 25th year, the agency remains fully equipped to serve the people and secure “Kailangan siya (It’s necessary),” he says, committed to strengthening the Armed the land—not only in terms of arms, gear, “para wala nang masugatan—o mamatay— Forces while building great cities. or air- and seacraft, but also training, na sundalo tulad namin (so that there will education, and civil–military engagement. be no more soldiers like us who will get “In our mission, we put the AFP ahead of wounded—or die).” everything else,” Dizon emphasizes. To a soldier like Alcantara, AFP modernization is not merely something to The BCDA’s remittances would go a long be discussed by the top brass or debated in way in ensuring that the military is well- Congress.

10 25 YEARS OF BCDA: A STORY OF MODERNIZATION STORIES THAT REDEFINED THE NATION Heroes in Focus AFP modernization is understandably associated with upgrading ships and rifles. But really, any effort to modernize must have at its core the wellbeing of the individual soldiers commanding the ships and holding the rifles. In 2016, the BCDA started aligning all its corporate social responsibility projects to support and benefit its main stakeholder, the AFP—and ultimately, its men and women. Here are some stories of how it focused on our heroes in uniform in 2017.

A soldier in Marawi intently reads a note he received through the Project Shoebox.

Caring for the Wounded “Ang sabi, kahit magkano, gagastusan ng Of the Php5 million budget for 2017, a little BCDA. Basta battle casualty (They said the less than Php4.5 million was used up for the From May 23 to October 23, 2017, 166 BCDA would spend for it, regardless of the medical assistance of 50 soldiers. government troops were killed and 1,548 cost. As long as you’re a battle casualty)— were wounded in the Marawi siege. Marawi or non-Marawi,” he narrates. When doctors removed the shrapnel from Alcantara’s eye in December, for instance, One of the wounded was PFC Harry Under its corporate social responsibility the bill ran up to almost Php200,000. Alcantara—the most severely hit of five (CSR) program for 2017, the BCDA soldiers in his platoon on October 5. Sniper allocated Php5 million for the medical BCDA’s medical assistance through fire and shrapnel tore a hole in his throat, assistance of soldiers wounded in Marawi. St. Luke’s ended in December. But given the shattered his mouth, and damaged his left eye. success of this initiative, the management The agency signed a Memorandum of decided to continue it. It’s now a revolving From Marawi, he was flown to Cagayan de Agreement with St. Luke’s Medical Center fund of Php5 million per year. Oro, where he was treated at the Northern and the AFP Medical Service for the Mindanao Medical Center. treatment of 50 soldiers whose medical This is good news for Alcantara, who was needs could not be accommodated in told by the St. Luke’s doctors that he needs In one of two operations there, doctors military hospitals for lack of equipment or two more eye operations. But he was also opened his skull, removed the shrapnel, and facilities. told that his eye might not regain its normal drained the excess blood from his brain. functionality, even after the operations. The AFP would endorse the soldiers, “Sabi ng doktor, ang suwerte ko daw kasi St. Luke’s would provide the required Because of the injuries he sustained in ‘yung shrapnel hindi tumagos sa bungo medical service or treatment, and the BCDA Marawi, Alcantara will no longer be sent on ko. Nagkaroon lang ng clot (The doctor would pay the bill. field duty. He’ll go back to work at a desk said I was lucky that the shrapnel didn’t go job in his battalion while waiting for his next through my skull. It just formed a clot),” he It was BCDA President Dizon himself who eye operation, which has yet to be scheduled. recalls. initiated the medical assistance, making commitments for the agency to help the “At least buhay tayo (I’m alive),” he says But his eye couldn’t be treated there. battle casualty soldiers and policemen in with a smile. “’Yun lang ang iniisip ko— buhay tayo (That’s all I’m thinking—I’m Back in Manila, Alcantara heard about the Marawi. alive).” BCDA’s medical assistance for soldiers.

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‘To Have Clean, Dry Socks’

Soldiers in the thick of combat operations in Marawi had to forego many of the comforts and conveniences that we often take for granted.

Food, for one. They ate only what was available—sometimes only canned goods.

And water—they had to collect water from a pump some distance from their quarters, and only when it was safest. If there was time.

One soldier confided that he was able to take a bath only once the whole two months he was in Marawi. Just the thought of bathing or buying soap was probably farthest from the soldiers’ minds, especially if they were in the main battle area.

So you can imagine how happy they were to receive shoeboxes filled with toiletries and other essentials from the BCDA towards the end of July.

“Masarap sa pakiramdam ‘yung ‘pag uwi namin mula sa main battle area, bibigyan kami ng hygiene kit na shoebox na kumpleto ang laman (It felt good to come BCDA, through the Project Shoebox, was able to give 2,000 shoeboxes to our home from the main battle area and receive brave men and women in uniform during the height of the Marawi siege. a complete hygiene kit in a shoebox),” relates Task Sgt. Allan Espiritu. the BCDA assembled 2,000 shoeboxes, More importantly, Sedano emphasizes, the Each shoebox contained a toothbrush, which the CMOR distributed among the impact was felt by the ordinary soldiers— toothpaste, shaver, alcohol, shampoo, bath task groups of the different units of the the foot soldiers—who may not really know soap, a towel, two pairs of socks, a T-shirt, Philippine Army. and understand what the BCDA does. and a note from the BCDA. “[The feeling was:] ‘This is the BCDA, The recipients were then selected according working for and supporting us.’” Project Shoebox is nothing new, says Col. to who needed the shoeboxes the most— Thomas Sedano, Jr., regiment commander such as those positioned in the main battle Espiritu, Plando, and Montenegro of the Philippine Army Civil-Military area, who wouldn’t be able to buy their couldn’t be more profuse with their thanks. Operations Regiment (CMOR). It’s usually personal needs. “Nagpapasalamat po kami sa ibinigay na initiated by the soldiers for the benefit tulong ng BCDA. Napakalaking tulong of indigent students, with the shoeboxes PFC Rex Montenegro, who was in Marawi po ng aming mga natanggap (We’re very containing school supplies. for four months, says it took two weeks to thankful for the help that BCDA gave. The a month before they could leave their posts items we received were a big help),” says But this was the first time such a project to shop for essentials in Iligan. “Mahirap Espiritu. benefited soldiers. talagang bumili. Sa ganoong bagay, napakalaking tulong po talaga ng shoebox Sedano looks forward to more such BCDA In June, the Philippine Army launched (It was difficult to buy. In that sense, the projects that would benefit the soldiers #OgopMarawi to help displaced Marawi shoebox was a big help),” he says. directly. residents, school children affected by the conflict, and the troops in Marawi. “Ogop” Sedano agrees. “Just to have clean, dry “The Philippine Army will continue serving is the Maranao word for “help.” socks during those times—it’s such a the people and securing the land, in line privilege.” with our Army Transformation Program,” “We encouraged our stakeholders to give he says, referring to their efforts towards a their support for the soldiers during the It may have been a simple project, but to new and improved army. Marawi siege. One of our biggest partners the soldiers it made a strong impact. was the BCDA,” Sedano explains. “The BCDA will help us in building that It was a big morale booster, says Cpl. army, while building better communities.” Under the “Bayanihan para sa Bayani ng Joalgeric Plando: “Lalo kaming ginaganahan Bayan” component of #OgopMarawi, na matapos agad ‘yung giyera doon (We became even more motivated to end the war).”

12 25 YEARS OF BCDA: A STORY OF MODERNIZATION STORIES THAT REDEFINED THE NATION

intensive firefighting episodes in the five- ng isang sundalo (What they did was A Tribute to Heroes month battle. The incident claimed the lives good, especially when they showed what of 12 other Marines in his platoon. the life of a soldier is like),” says Mr. Like all parents, Freddie and Mercy Savellano. “Nakita talaga kung paano nila Savellano wanted to raise their four To pay tribute to the AFP and PNP troops sinasakripisyo ‘yung buhay nila (You could children right. who were killed in action (KIA) in Marawi, really see how they sacrifice their lives) for like Jeff, the BCDA held an interactive art the sake of the country.” Mrs. Savellano describes their second son— installation exhibit entitled “Ang Huling John Frederick, or Jeff—as affectionate, Tikas Pahinga: Isang Pagpupugay sa mga “We are very thankful for the exhibit. responsible, brave, and principled. Overall, Bayani ng Marawi (The Final Parade Rest: Napakita pa (It was seen) not only within a really good person, she says. A Tribute to the Heroes of Marawi),” the camp, but even civilians could see it,” from November 21 to December 5 at the he adds. A registered nurse, Jeff surprised his Bonifacio High Street in Bonifacio Global parents one day when he told them that City, Taguig. Mrs. Savellano was particularly touched by he wanted to be a soldier. Not just any the exhibit because it had a section about soldier—a Marine. In his speech at the opening ceremonies “Bloody Friday” with photos of the of the exhibit, President Duterte said, 13 Marines. As their platoon leader, So Jeff joined the Marine Corps. He took “Naiiyak ako kasi ako ang nag-declare ng Jeff was in the center. the Naval Officer Candidate Course in martial law (It makes me cry because I’m 2001, and was sent to Quantico, Virginia for the one who declared martial law). And I “It was very educational,” she says. “’Yung the U.S. Marine Officer Basic Course. sent the soldiers to the mouth of hell, some kabayanihan ng mga sundalo naiangat (The of them to die.” This is why he visited the focus was on the heroism of soldiers).” As a first lieutenant in early 2017, he joined troops in Marawi several times, he said. the six-month retraining of the Marine Reflecting on Jeff’s life, the Savellanos are Battalion Landing Team 7 before their next “It pains me deeply to think of their proud of what their son accomplished. assignment. families,” he added. “Iniwan niya yung komportableng buhay sa But then Marawi happened. He later said he envied the fallen troops, amin para lang maglingkod sa bayan (He in a way. “Not everybody is given the left a comfortable life with us just to serve Their training was cut short. Before Jeff’s chance…to die for his country.” the country),” says Mrs. Savellano. deployment on June 1, the family ate out for dinner. Incidentally, May 23—the day The exhibit featured photos of the KIA Despite the pain of losing their son, the Marawi siege began—was his 29th AFP and PNP forces, an audiovisual Freddie and Mercy Savellano want people birthday. presentation, and an installation or replica to congratulate them instead of offering of the Mapandi Bridge. condolences. After all, they raised 1Lt. John “Jeff said, ‘Maraming mamamatay sa amin Frederick Savellano—a hero. (A lot of us will die),” Mrs. Savellano “Maganda ‘yung ginawa nila, lalong- recalls. “I said, ‘You take care. Promise me lalo na ‘yung pinakita nila ‘yung buhay na ikaw ang maglilibing sa amin (Promise me that you will be the one to bury us).’”

“He replied, ‘Best effort tayo diyan (I’ll give it my best effort),’” she adds.

On June 5, Jeff made history when he and his platoon recovered Php52.2 million in cash and Php27 million in checks in a clearing operation in a house occupied by the Maute Group. The money would have sustained the militants and funded their operation for an extended period of time.

A lesser man might have been tempted by all that money. But not her son, Mrs. Savellano states.

“He protected the money,” she says. “He told me [in a text message], ‘Mama, it’s not about my career. Pagkatao ko ang nakasalalay dito (My integrity is at stake here),”

Four days later, Jeff was killed in the infamous “Bloody Friday” incident on Balo-i Bridge (Mapandi Bridge, as it has come to be known)—one of the most President Duterte views the photos of the KIA troops at the opening of Ang Huling Tikas Pahinga: Isang Pagpupugay sa Bayani ng Marawi (The Final Parade Rest: A Tribute to the Heroes of Marawi).

13 A Story of Transformation

25 YEARS OF BCDA: A STORY OF TRANSFORMATION STORIES THAT REDEFINED THE NATION Revisiting Fort Bonifacio It is said that the only constant in life is change. In 1992, change came to Fort Bonifacio in the form of Republic Act (RA) No. 7227 as amended by RA No. 7917, the Bases Conversion and Development Act, which mandated the BCDA to dispose of portions of military camps and bases, and convert them into profitable real estate. Twenty-five years hence, part of Fort Bonifacio is now the Bonifacio Global City (BGC). And change is still taking place.

Uptown Bonifacio. The former military camp in Taguig City is now a bustling economic hub in the metro generating funds for the modernization program of the AFP.

Retired Brig. Gen. Restituto Aguilar ang mga alaala lalo na kung saan ginagawa deployed at the then Philippine Army Light spent the early years of his career at Fort namin dati yung mga athletic traning at Armor Regiment (PALAR), the precursor Bonifacio. yung mga military drill namin (Every time of what is now the Light Armor Brigade of I go back to Fort Bonifacio from the field, the Army. Just like the soldiers of old, Aguilar learned I feel excited. It was at the driving range how to man the tanks and fire the Army where we would maneuver our tanks. Then He went home whenever there was a howitzers under the hot sun during the ‘80s we would also train at the firing range. chance. “Home” then was Fort Bonifacio, in the sprawling military camp previously There were so many places at the camp where he stayed for eight years. At that known as Camp McKinley. where we have fond memories, especially time, the camp was so vast that it extended where we held our athletic training and from Guadalupe to Muntinlupa. “Tuwing uuwi ako sa Fort Bonifacio galing military drills),” he says. sa field, excited ako. Doon kasi kami nag- “‘Yon ang hindi na na-experience at nakita ma-maneuver sa driving range ng mga After graduating from the Philippine ng mga sundalo ngayon (Today’s soldiers tangke namin. Tapos training sa firing range. Military Academy in 1978, Aguilar chose never experienced or saw the old camp),” Maraming lugar sa kampo na masasaya to join the Philippine Army, where he was says Aguilar.

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BGC is now one of the country’s booming business districts.

He had never imagined that Fort Bonifacio would turn out to be one of Southeast Asia’s busiest business hubs and commercial districts.

Now, he hardly recognizes the place.

“Noon, lahat ng mga building doon may logical reasons bakit inilagay siya sa isang lugar (Every building then was built in a The Philippine Stock Exchange rises in BGC. particular location for a logical reason). The military camp was designed for training and defense at the same time,” he muses. And change, while inevitable, can also be Museum and the interactive KidZania good. Portions of what used to be sprawling Manila, an indoor play center where kids That was then. Fort Bonifacio are now the BGC— a can get realistic insight into the adult 240-hectare bustling business hub, world by performing real-life jobs under Buildings, parks, malls, and even football developed by the BCDA in partnership the supervision of professional staff; the fields now occupy most of what used to be with Ayala Land and the Campos group. Bonifacio High Street and Bonifacio open spaces. Central Square, a top-notch block type Today, Fort Bonifacio has become the shopping mall with excellent restaurants Skyscrapers now stand against the BGC location of choice for both business and retail shops; and luscious green and skyline where military outposts and sniper process outsourcing and IT companies like open spaces such as Track 30th and Terra positions once were. Accenture, Teradata, and Cognizant, as 28th, and the Greenway Park—a dedicated well as international financial institutions walkway where people can jog or walk. Paved roads now cover the ground where such as Deutsche Bank, JP Morgan Chase they marched during parades, drove their Bank, Citibank, and ING Bank. The BGC is also home to Shangri-La at The tanks, and positioned their howitzers. Philippine Stock Exchange (PSE) Tower, Fort, a 5-star luxury hotel that boasts Avida Cityflex, Avida 34th, Arthaland of 576 rooms and suites, and houses 97 Short of admitting that he will get lost in Tower, High Street South Corporate Plaza Horizon Residences, 98 Horizon Homes, BGC due to its rapid development, Aguilar Tower 1, and the Metrobank Center have 14 restaurants, and 21 different ballrooms says, “Ibang-iba na ang Fort Bonifacio. all opened in BGC as well. and functions rooms. Retail stores occupy (The camp is so different now).” parts of the ground floor space. More than just a central business district, While he misses the old Fort Bonifacio, its BGC also features residential landmarks Fort Bonifacio also houses several township driving range, the muddy patches, and the such as Serendra, a European-inspired projects under Megaworld Corporation field where they trained and learned the community composed of 65% landscape such as Forbes Town, McKinley Hill, basics of the noble profession of soldiery, greenery; the state-of-the-art Mind McKinley West, and Uptown Bonifacio. Aguilar accepts the fact that change is inevitable.

16 25 YEARS OF BCDA: A STORY OF TRANSFORMATION STORIES THAT REDEFINED THE NATION

Among the 2017 highlights in Uptown hotel, and the 5-star hotel Marriott Hotel share of the proceeds from the sale and Bonifacio was Megaworld’s transfer to its Manila. It also hosts other hotels such as disposition of former camps at Php36.31 first-ever corporate headquarters—the Belmont Hotel, Holiday Inn Express, and billion. Alliance Global Tower, which also houses the soon-to-open Savoy Hotel. its subsidiaries and affiliate companies. “Maganda to a certain degree na naibenta In 2017, Newport City witnessed the [ang Fort Bonifacio] for modernization Also within Fort Bonifacio is Federal Land, opening of Runway Manila—an elevated (It’s good, to a certain degree, that parts Incorporated’s Veritown Fort, which will be the walkway which can be accessed by of Fort Bonifacio have been sold for AFP home of the soon-to-open Grand Hyatt Hotel. passengers and tourists from NAIA modernization),” Aguilar says. Terminal 3 to Newport City and vice versa. All of these contribute to the increasing But even with the rapid transformation of property values within the area. BCDA has accomplished these Fort Bonifacio to BGC, Aguilar insists we modernization efforts and developments should never forget the old camp. Just across the Ninoy Aquino International through the years without veering away Airport (NAIA) Terminal 3 is the from its mandate. “Part ng heritage natin ‘yan. Part ng 25-hectare Newport City—an integrated national pride natin (It’s part of our leisure and lifestyle complex that is home It has been instrumental in strengthening heritage. It’s part of our national pride),” to Maxim’s Hotel, the country’s first 6-star the Armed Forces of the Philippines while he ends. building great cities as shown in its legacy projects in the Metro—the Bonifacio A source of national pride—this is what Global City in Taguig and Newport City in the AFP aims to be. In its quest to become Villamor, Pasay. a modern and relevant military force by 2030, the AFP can count on BCDA for BCDA’s Asset Disposition Program has support. The BCDA will continue to be an generated a total of Php91.45 billion since integral partner of the AFP in fulfilling its 1993, with the AFP receiving the biggest mission.

1 2

Some of Fort Bonifacio and Mckinley Hills’ top draws include: 3 1 Venice Grand Canal Mall at McKinley Hill; 2 Maybank Performing Arts Theater; 3 KidZania Manila—an indoor play center giving kids preview to the adult world; and 4 Shangri-La at The Fort. 17 2017 ANNUAL REPORT

The Making of an Iconic Building What started out as an observation by the Commission on Audit that the BCDA was paying too much rent for its head office in Bonifacio Global City turned into one of the biggest architectural and design competitions the country has ever known. Launched in February, the BCDA’s International Conceptual Design Competition aimed to produce a distinctive and recognizable building design—an Iconic Building—that would represent the BCDA, showcase modern architectural techniques, and promote environmental architectural design.

The BCDA Iconic Building is envisioned to be Ushering in a new era a recognizable urban icon—much like the Eiffel Tower in Paris, the Statue of Liberty in New The Icone signals the Filipino people’s York, or even the Petronas Towers in Malaysia. QUICK FACTS readiness for a new age of design and for a And where else would it be built but in BGC, defining urban structure. the BCDA’s first stab at converting a military camp? Nothing else would be more apt. After all, the Icone’s structure or form has Lot area: never been seen before in any place in the This would ultimately complete the 7,275 sqm. country. Its conical shape alone makes it an transformation of what was once Fort immediate standout among the “giants” in Bonifacio into the bustling economic center BGC—like a spearhead rising to meet the that is now the BGC. Land use: heavens, best representing every Filipino’s 40% buildable dream of rising over conflicts, challenges, and limitations. First steps in the transformation 60% open area The design takes inspiration from the perfect For a major business hub to attract the cone of the Mayon Volcano and from the attention not only of the country’s leading Gross floor area: weather-adaptive structure of the companies but also of international players, 50,000 “bahay kubo”—two icons that are distinctly sqm. max BGC needed something that combines beauty, Filipino. functionality, and most of all, represents the rich Filipino culture and aspirations for Floor area ratio: The Henning Larsen design team for the greatness. 5.5 competition, headed by Claude Godefroy, knew exactly what the challenges were in coming up To be built on a 7,275-square meter lot in with something that not only will be iconic but BGC’s North Bonifacio District, the Iconic Construction cost: more importantly, will serve its purpose. Building should include, among many other Php7.2 Billion things, open spaces, parks, landscapes, and To meet these two important considerations, public arts. It should be a magnet for potential the Henning Larsen team based its investors, while also appealing to the general architectural design on something simple but public. bold at the same time.

After a painstaking and thorough process, the “Functionally, the cone-shaped tower provides Icone Tower by Henning Larsen Architects the top and bottom parts for public programs and the middle part for efficient layout. The Hong Kong was voted the best of the best. elliptical cone-shaped tower with the diagrid structure also gives an iconic architectural expression of the project,” the team says.

1818 People friendly A new beacon

Despite the Icone’s seemingly complex At the summit of the Icone, the sights structure—with its array of arches, should be enough for selfie-crazy Filipinos. cross bracing, parallel slats; its sci-fi-like When the sun sets, another experience exoskeleton; and the undeniable Gothic awaits. The tower’s highest point will influence—it’s actually people friendly. project a beacon of light over Metro Manila. Like a lighthouse, it will provide a This is a definite plus, considering that it signal fire to all Filipinos, whether out on will house the BCDA Headquarters and Manila Bay or elsewhere in the metro. top companies in the country, among others, in the future. It should be non- While the pressure to deliver and turn a intimidating, for instance, to the common massive concept into reality is already great folk who might want to experience the as early as now, Henning Larsen is not amenities of a modern yet homey structure. shirking away from the opportunity and the challenge. “We have the pressure to deliver the project with the excellent quality that Pedestrian walkways give the building the an iconic building demands. We think the feel of a central meeting place, a point success of the project’s execution relies on of convergence, while trees make for a Henning Larsen being able to work closely relaxing interior. They’re there not only with BCDA in controlling the quality for decoration or as token offerings to be during design and construction phase,” the environmentally friendly, but to balance out design team says. the gleaming, modern façade and to serve as a reminder that nature should always be It will take a significant amount of time for one of the design considerations—if not the the Icone Tower to come to reality. But in the end, the wait will be worth it. highlight. Henning Larsen believes that the Filipino A mini-rainforest at the plaza will be a people will embrace the Icone Tower as reminder of the country’s rich natural their own—in the same way that the world resources, while providing a haven from eventually fell in love with the Eiffel Tower the burgeoning business district outside. in France and the Cristo Redentor in The upper floors, where sunlight is in Brazil, to name a few global landmarks abundance, are ideal for offices. Where space is limited, output and natural light, “We would like Filipinos to remember however, are maximized. [that] Henning Larsen has designed an icon for the Philippines with respect to their history and culture,” says the design team. The tower’s diagonal cross bracing makes the air flow freely. The resulting rhomboids They add, “We expect them to be proud spiraling throughout the exoskeleton give of the project and be supportive to the the building its unique look and provide process.” additional support and stability to the whole structure. This addresses concerns This isn’t hard to do. Considering that the about potential threats of an earthquake. project was initially conceived to save on office rental, in the long run, it will give the “We believe that an excellent architectural country so much more. design should fulfill all major functional When the Icone is added to the BGC requirements of a project. So, we think both skyline, it will eventually become part of function and design are equally important,” our national heritage—something for all explains the Henning Larsen team. Filipinos to be proud of. 2017 ANNUAL REPORT

Beautifully composed along the BGC skyline is Henning Larsen’s night perspective of the Icone Tower—which will accommodate office spaces, green parks, and a museum in honor of the country’s Armed Forces.

Philippine Senate Sets long wish to move to a location that is The Senate is set to open a worldwide “green, secure, functional and iconic.” contest to design its new home by the sights on “New Home” second quarter of next year. in BGC The project, which is divided into five stages or phases, began with the search for The Senate has enlisted the help of the If plans push through, the Philippine the location of the iconic senate building. Department of Public Works and Highways Senate will open another chapter of its to help implement the project. history in its new home in Bonifacio Senator Panfilo Lacson, the Senate Global City in 2021. Accounts Committee chair, said talks The BCDA, on the other hand, will assist between the Senate Legal Counsel the Senate in every way possible to realize Negotiations are now underway to transfer and the BCDA for a Memorandum of its dream of a new home that will be a the Senate and construct its new building Understanding paved the way for the testimony to its hopes and aspirations, and which it can truly call its home. purchase of an 18,320-square meter lot its commitment to every Filipino. located in Fort Bonifacio, Taguig City. In its current location, the Senate has paid With its iconic and functional design, at least Php2.4 billion in rent alone to the A budget of Php1.5 billion was allotted for the Senate’s new home is expected to be Government Service Insurance System the purchase of the site of the future home comparable to the United States Capitol, (GSIS) since 1996. of the Upper Chamber of Congress. Palace of Westminster in London, and other notable landmarks of the world. Inspired by the recent celebration of its After this was done, the undertaking went 100 years of service to the Filipino nation, to Phase 2: What will be the look of the the Senate has once more rekindled its new senate building?

20 25 YEARS OF BCDA: STORIES THAT REDEFINED THE NATION A STORY OF TRANSFORMATION

The Hidden It’s a symbol of the Filipinos’ ingenuity and love Historical Beauty for the Motherland, fortitude, courage, and the beneath Bonifacio unyielding desire to be free. Global City

Have you ever wondered what lies beneath the BGC?

Just a stone’s throw away from the end of the C5 flyover to Pasig City, there’s a secret passage to one of the more remarkable and historical places in our country.

It’s a tunnel beneath the BGC that few people nowadays are aware of.

The Fort Bonifacio Tunnel is more than two kilometers long and is wide enough to accommodate a truck. It has 32 built-in chambers, a deep well, and two exits in East Rembo and Pembo in Makati.

Historians say the tunnel, believed to be built in the 1940s, played a key role in the resistance against the Japanese Occupation during World War ll.

“Style kasi ng mga Amerikano ‘yan. (It was an American strategy). Wherever they go, they build a tunnel system to store “We should be proud that we have a their supplies, weapons, ammunition, and tunnel that has so much historical value. The BCDA is ready to respond to this other military equipment. They do this ‘Yung Vietnam nga sobrang proud sa challenge. also to protect their forces from aerial Cu-Chi Tunnel nila na ginamit laban sa bombardments,” explains retired Brig. Gen. mga Amerikano. Dapat ganoon din tayo It has plans to develop and preserve Restituto Aguilar, a military historian and (Vietnam is so proud of its Cu-Chi Tunnel the Fort Bonifacio Tunnel for future former director of the Philippine Army used against the Americans. We should be generations to see and appreciate. Museum. proud too of our tunnel),” he explains. The BCDA is fully aware of the historic Eventually the tunnel was expanded to One could only imagine the hardships and significance of the tunnel. It also become a military storage. Some sources sacrifices of Filipino and American soldiers recognizes and honors the sacrifices and say it even served as the headquarters of as they were bombarded by Japanese the indomitable spirit the Filipino and Gen. Douglas MacArthur. Occupation forces. American soldiers showed during one of the country’s dark and trying moments. Even high-ranking Japanese military For this reason alone, Aguilar suggests ways officials used the tunnel as a shelter and to preserve the tunnel. Despite its rapid development and growing a base including the infamous Japanese reputation as one of Southeast Asia’s General Tomoyuki Yamashita. He also believes a system should be in business hubs, Fort Bonifacio will forever place to make the public more appreciative be remembered as the home of our troops After the war, the tunnel was eventually of the tunnel. and a place of resistance against foreign acquired by the government. Fort invasion. McKinley became Fort Bonifacio. “When people enter and leave the tunnel they should have learned its importance, It’s also a symbol of the Filipinos’ ingenuity, “The AFP used the tunnel right after its history, its story, and why it should be fortitude, courage, unyielding desire to be the war. Actually, mas matagal ginamit preserved. Dapat kumpleto ang istorya. free, and love for the Motherland. ‘yan ng AFP kaysa sa mga Amerikano at Hindi yung pumasok lang sa kuweba, mga Hapon. Ginamit natin as storage for tapos wala lang (People should know the The BCDA will see to it that it remains different supplies (Actually the AFP used complete story. It is not enough to just as such and will make sure that the Fort the tunnel longer than the Americans and enter and come out of the cave or tunnel Bonifacio Tunnel will not stay hidden for the Japanese. They used it as a storage for without learning anything),” Aguilar adds. much longer. different supplies),” Aguilar says.

21 A Story of Building a Modern Philippines 25 YEARS OF BCDA: A STORY OF BUILDING A MODERN PHILIPPINES STORIES THAT REDEFINED THE NATION

THE NEW CLARK CITY MASTER PLAN: The City Leads, A Nation Follows

In 2017, the BCDA fast tracked the construction of the New Clark City, a Build Build Build project that promises to redefine smart cities. Ambitious, yes. But it could very well pave the way for the country to find solutions to the ills of urban development.

New Clark City Master Plan

Abdel Laut Santos, 60, has been a taxi unchecked, the economic cost of traffic completed in some three decades, driver in Metro Manila ever since returning congestion in Metro Manila will likely and home and/or workplace to more than home from an overseas gig 20 years ago. reach Php6 billion a day by 2030. Air 1.2 million. He’s seen the city gridlock go from bad to pollution, on the other hand, had claimed worse. He lives in Bulacan, 11 kilometers deaths that cost the Philippine economy Creating a new city north of Manila, and says wistfully that he USD2.8 billion in foregone labor output in spends far more time on the road than he 2013, according to a study released in 2016 For this taxi driver and countless other does at home with his growing brood of by the World Bank Group and the Institute city dwellers and workers who deal daily grandchildren. He was also in the hospital for Health Metrics and Evaluation. with an assortment of horrors wrought by twice in 2017 for work-related illnesses, relentless development, New Clark City is a once for a life-threatening bout with chronic But Laut Santos insists that now isn’t the breath of unsullied air. Its urban plan prizes bronchitis that the doctor attributed to time to quit—not when he can still help environmental sustainability and climate constant exposure to dirty air. send grandsons to school, and when he’d resilience, and considerable space has been read about the government’s audacious earmarked for farmland and parks, while its The economic and environmental plan, the centerpiece of the ambitious Build buildings will integrate energy- and power- costs of overdevelopment and pollution Build Build countrywide infrastructure saving technologies. bedeviling the National Capital Region are program: New Clark City, a 9,450-hectare staggering indeed. The Japan International city that officials say will be bigger Surbana Jurong, Singapore’s largest Cooperation Agency has said that, if than New York’s Manhattan when it is engineering firm and a leading light in

23 2017 ANNUAL REPORT

urban and infrastructure development, infrastructure, sustainable smart-city Thus in New Clark City, such smart-city is helping the BCDA, AECOM, and the operations, and strong governance that all components reach farther than adaptive Japan Overseas Infrastructure Investment rewards city-building as a team activity.” infrastructure: “We are talking about Corporation for Transport and Urban resilient mission critical controls for power, Development (JOIN) design New Clark Smart cities water, communications, lighting and safety; City. digital asset management that extends life Wong lauds the BCDA for setting the cycles of buildings and public facilities; Teo Eng Cheong, Surbana Jurong chief bar holistically toward “synergistic land responsive mobility affordable to all executive officer, has said that it’s fair to use, leveraging geographic uniqueness income ranges; dynamic jobs and business expect New Clark City to “attract a whole professionally”—more, he says, like an matching for inclusive equity; access to new industry of technology companies,” “investment-house than a developer.” continuing education and preventative making New Clark City a tech frontier of healthcare to improve household prospects sorts that will drive the creation of a new He goes on to say that while smart cities for all,” says Wong. city that’s both smart and sustainable. in mature economies focus on personal conveniences and a “wired lifestyle,” smart New Clark City is set to show the way Sylvester Wong, vice president for strategies cities in dynamic, growing economies such forward. The recent World Economic and development of AECOM, is excited as the Philippines emphasize the basics of Forum made a case for the role of future for New Clark City’s potential, at a time jobs and inclusivity. “Technologies in such cities, with fresh studies showing that “cities when he says availability of capital is not economies are most useful when lifting excel in fostering community attachment, what’s holding back urban livability. Hence, per capita GDP, by removing inefficiencies which is found in open spaces ripe with for him, having open lands such as at New in urban mobility, enhancing productivity social offerings, accessible educational Clark City, allows one to be more strategic through a healthier population, improving systems, and opportunities for civic than merely tactical, and be a true catalyst. strategic allocation of resources, and involvement.” Hence the ability of cities “to helping farmers and businesses to be more create unprecedented levels of economic He says, “We have resilient master plans, agile and global.” activity and innovation will all but ensure performance-based design guidelines, that they will take the lead in the century inclusive entrepreneurship, connective ahead.”

The BCDA has taken into consideration the existing natural landscape in New Clark City and has made it an integral part of this masterplan—like this river park found at the heart of this new metropolis.

24 25 YEARS OF BCDA: A STORY OF BUILDING A MODERN PHILIPPINES STORIES THAT REDEFINED THE NATION

New Clark City in a Nutshell BENEFITS COST Value = upwards of Php1 Trillion 40% Php500 Billion/ 3,600-4,000 3,600 sqm hectares 1 Million Jobs developable Entire site development/ 9,450 road infrastructure More than hectares Php100 Billion Php14,000/sqm in government revenue 60% Smart utilities reserved for forest/ Increase in land values agriculture use for government from Php200/sqm in 2015 to Php10,000/sqm Green energy in 25 years (conservative) Mass transport Wider roads, and Smart city dedicated pedestrian and bike lanes conveniences with Generous high internet speed green spaces such as parks, walkways, and more

25 2017 ANNUAL REPORT

The National Government Administrative Center: A New Way of Doing Things

Reflecting a growing global trend that challenges conventional urban planning by uniting government, private developers, business, and the public to make a winning case for smart and resilient cities, the 200-hectare National Government Administrative Center (NGAC) is fast taking shape in New Clark City—a city equipped to withstand climate shocks while championing healthy and sustainable living that puts people and nature at the heart of development.

Forming such partnerships is critical for the BCDA to carry out its marching orders. The agency cannot do everything by itself, says Vivencio Dizon, BCDA president and chief executive officer, who cites the affiliations BCDA has formed with financing institutions, businesses, and government agencies in the pursuit of its vision and mission. “We must seek help and assistance where we need it, and make Integrated Operations Center and Disaster Risk Recovery Center at New Clark City’s National Government Administrative Center the processes for doing so more efficient without sacrificing transparency and accountability,” he says. Ensuring ease of business back-up plan for disaster preparedness to ensure continuous business operations and NGAC pushes the BCDA’s mandate to MTD Capital Bhd, the parent firm of services—but also the major administrative deploy the Clark military reservation AlloyMTD Philippines, won the bid to offices of various executive departments into productive civilian uses and develop NGAC. As such, it will provide and agencies. David is a major fan of easing promote national objectives, including technology and engineering expertise for its the conduct of business, citing the woes of strengthening national security, construction, operation, and maintenance. businesspeople in the regions who must trek decongesting Metro Manila, and spurring to Metro Manila to fulfill their paperwork economic growth in the area by providing The group has a sterling track record in obligations. NGAC, he promises, will have business opportunities outside the civil engineering and construction, and real a “one-stop shop for all the businesses National Capital Region. estate and property development around located in Region 3.” MTD has in fact been the world. But Isaac David, engineer and building regional government centers (“mini- Following the lead of countries that AlloyMTD chairman, says NGAC is the Putrajayas,” he says) across the Philippines have moved their administrative centers Malaysia-based MTD Capital’s biggest through the public-private partnership, with outside the capital—for example, property project to date in the Philippines. a view to ensure “quick, hassle-free, and Malaysia’s Putrajaya and South Korea’s efficient and quality public service.” Sejeong City—NGAC is envisioned as “Being part of a project of this scale is a modern and integrated community truly exciting,” he says. “Also, since MTD He adds, “We not only offer world-class clustered around the administrative has a design-build contract with BCDA, facilities where our public servants can be offices of the national government, with we welcome the opportunity to create motivated and inspired to continually provide support facilities for sports, housing, something new along the latter’s design better public service, but more important, healthcare, education; public parks and a scheme and concepts.” we are committed to providing our people museum, commercial centers, hotels, and comfort and convenience as they go about entertainment venues. NGAC is expected to house not just their business with the government.” satellite offices of the government—as

26 25 YEARS OF BCDA: A STORY OF BUILDING A MODERN PHILIPPINES STORIES THAT REDEFINED THE NATION

Aquatic Center

Athletics Stadium

Symbol of unity Committee. The last time the Philippines Cayetano believes that the new sports hosted the biennial multisport event was complex is also a potent symbol of “our David says construction for Phase 1, which in 2005. unity as a nation.” At long last, he says, we comprises 40 hectares, has proceeded apace, have a top-flight sports complex that is a and includes two 7-storey government “This can be a make-or-break event for legacy to be passed on to future athletes: buildings, an integrated operations center, the nation mainly because our neighbor “This unites us in our efforts to be the best, government housing and parks, and the countries in Southeast Asia did a good and to give only our best to the nation, the crown jewel: a sports complex comprising job of hosting the games, which is why region and, indeed, the world.” a 20,000-seater athletics stadium, a we’ve set our standards high,” he says. “It 2,000-capacity aquatic center, and an is our reputation as a nation that is on the For his part, David is proud for MTD athletes’ village, which will be the venue for line, and we must rise to the challenge of to be part of creating an intrepid city of the 2019 Southeast Asian (SEA) Games, providing quality sports arenas and well- the future that embraces both the latest the SEAG’s 30th edition. organized events. We want the 2019 edition technologies and the best conservancy to be the most viewed and most memorable practices. Ultimately, he says, NGAC That’s a big deal, says Foreign Secretary SEA Games thus far.” will offer a better place to live, work, and Alan Peter Cayetano, chairman of the flourish. Philippine SEA Games Organizing

27 2017 ANNUAL REPORT

28 National Government Administrative Center aerial perspective25 YEARS during OF nighttime.BCDA: STORIES THAT REDEFINED THE NATION

29 2017 ANNUAL REPORT

(Modern) Filipino First. Always. Airports are no longer just ports anymore. Aside from being signs of economic development and nation building, they’re a traveler’s first glimpse of a country’s hospitality and culture. The Clark International Airport New Terminal Building, when completed, will be no exception, providing a foretaste of what “Modern Filipino” design is all about.

Intelligent design is the driving force of the use of place and materials found in abundance Clark redevelopment, and happily for the QUICK FACTS on site, even as it remains aware of world Clark International Airport New Terminal design trends that could be adapted for home. Building, its creators have only the utmost “Modern Filipino” celebrates the traditional respect for the terminal’s milieu—the Floor area: but with a view to free us, as a people, to majestic Sierra Madre range and the peaks 101,977sqm express our soul in modern Philippine of Pinatubo and Arayat rising amid vast architecture by being in tune with the methods fields and against open skies. And as far and materials of the time. “Modern Filipino” as Royal Pineda, principal architect and Total project cost: is a work in progress; it evolves with what the chief executive officer at BUDJI+ROYAL current realities call for and as such, stays Architecture+Design, is concerned, there’s Php9.68 modern in almost a real-time sense. no improving on the visual feast that nature Billion offers for all to see. Thus it comes as little surprise that for the Targeted completion: buildings in the new 100,000-square meter But you can certainly let it inspire you Year terminal, lahar is pressed into service as lahar to create something fresh, as what the 2020 concrete via German technology brought in by design group has come up with for the Malaysians. “It’s 40% cheaper than standard new terminal building. “Modern Filipino,” Design Capacity: concrete. It’s lighter [it floats on water], and it’s which Pineda says describes the new 8 Million fire- and waterproof to a considerable extent,” terminal theme, is more than a mere Passengers per annum says Pineda. refashioning of what have come to be (MPPA) known as “traditional Filipino” design The design shows off views and wide walkways elements—for example, the pitched roof that let in plenty of air and sunlight—who of the bahay kubo (nipa hut), Vigan tiles, wants more air conditioning after being cooped Capiz shells, and up in a frosty the fabled bahay- long-haul flight?— na-bato (stone and mirrors the house). Indeed, surrounding the bahay kubo mountains in its is a fine model sweeping ridged of sustainable roofline. architecture, but Filipino design The cozy interiors must also respond will deploy “truthfully” to the bamboo, another exigencies of the cultural emblem. times. (Notably, Pineda’s partner, designer Modern Budji Layug, Filipino design earned local and international fame “Modern Filipino” in the late ‘70s is the authentic and ‘80s when

The Clark International Airport broke ground on its New Terminal Building on December 21, 2017.

3030 25 YEARS OF BCDA: A STORY OF BUILDING A MODERN PHILIPPINES STORIES THAT REDEFINED THE NATION

Artist’s renders of the Clark International Airport New Terminal Building. he updated the use of bamboo in modern Pineda is thus convinced that the new new terminal’s builder, Megawide GMR furniture). But instead of traditional airport terminal offers a precious glimpse of Consortium, also wishes to impart in both bamboo, the Clark airport project will use the Filipino soul. the landside and airside facilities. glue-laminated (timber) structure—glulam, or structural engineered wood. “This is our gift to the world,” he says, our The New Terminal Building project is way of telling those who will go through designed to accommodate an additional 8 million passengers every year, besides easing Responding to one’s milieu those buildings of the grit and grace that we possess as a people. He has done the congestion at theNAIA). Currently, the several projects in Asia, Europe, and the Clark International Airport can handle Pineda says it’s perfectly all right to take Middle East, and is proud of how modern 4 million passengers a year. a global standard as a jump-off point in Philippine architecture holds up against finding the Philippines’ place in the design contemporary global standards. Scheduled for completion in 2020, the world. But one must reflect back on the Clark International Airport will help country’s logistics and topography; as a decongest NAIA by serving passengers creative, one must always respond to his/her Defining a modern Philippine city from Northern and Central Luzon, own time and place. including the northern parts of the National Pineda is particularly thrilled at Capital Region and the CAMANAVA area. “We must constantly be on the lookout for this opportunity to work with the what we can give to the world as Filipino government—a first for the firm—and help In an official statement, Megawide GMR designers and builders,” Pineda says. “The define a modern Philippine city. hailed the Php12.55-billion government materials we have been using on homes project as a “significant construction project and buildings have been around for the “If I were to define [the modern Philippine that will infuse fresh energy into an already longest time, and until technology creates city], I’d say it’s all about practical thriving province.” The company also said something new, we’d better find other ways luxury,” he says. Thus modern Philippine that it will “create around 2,000 jobs for local to use these available materials.” architecture and design is less about a workers, and give business to local suppliers, specific look than an improvement of lives service providers, and related enterprises.” and lifestyles—the experience that the

31 2017 ANNUAL REPORT

Clark International Airport 2017 Traffic Highlights Statistics

DOMESTIC PASSENGER MOVEMENT EL NIDO 1% INTERNATIONAL KALIBO 2% MARKET SHARE 2016 899,382 PUERTO PRINCESA 2% BY DESTINATION 2017 11,083,188 BUSUANGA 3% DOMESTIC MACAU 3% 2016 51,625 DAVAO 4% 2017 431,343 CATICLAN 5%

CEBU 10% AIRCRAFT MOVEMENT INTERNATIONAL INTERNATIONAL 2016 5,852 PUDONG 1% 2017 7,221 BUSAN 4% DOMESTIC DOHA 9% 2016 360 2017 55,399 DUBAI 9% SINGAPORE 11% HONG KONG 13% INCHEON 22%

OTHERS 1% 4 13 1 NEW AIRLINES NEW DOMESTIC NEW INTERNATIONAL DESTINATIONS DESTINATION Philippines AirAsia Bacolod Pudong, China Airswift Basco China Eastern Airlines Busuanga Jetstar Airways Cagayan De Oro Calbayog Catarman Davao El Nido Kalibo Masbate Puerto Princesa Tagbilaran Virac

32 25 YEARS OF BCDA: A STORY OF BUILDING A MODERN PHILIPPINES STORIES THAT REDEFINED THE NATION

INCHEON

BUSAN

DOHA

DUBAI

PUDONG

Traffic Highlights Air Services

INTERNATIONAL DOMESTIC DESTINATIONS DESTINATIONS

DAVAO SCOOT ALPHALAND AVIATION INC. SINGAPORE | 5X Weekly Flights Charter Flights - Balesin

SINGAPORE

33 2017 ANNUAL REPORT

Big Win-Win for All

Poor infrastructure has long been believed to be what’s holding back the Philippines from taking its rightful place among the modern 21st-century nations. The audacious Build Build Build program of the Duterte administration, as part of the much-vaunted Dutertenomics, precisely seeks to plug all the infrastructure gaps in the country to propel the Philippines into the ranks of newly advanced economies.

The government has lined up 75 flagship projects that include 6 airports, 9 railways, 3 bus rapid transits, 32 roads and bridges, and 4 seaports. These, or so the vision goes, will help lower production costs, enhance rural incomes, boost countryside The Philippine Economic Team during Dutertenomics held in April 2017. investments, and create a more efficient movement of goods and people, as well as further jobs. facilities specifically to safeguard vulnerable To pull all this off would require public communities and bolster resilience against spending of Php8 to 9 trillion from 2017 The program also seeks to build 4 energy wild weather in the wake of climate change; to 2022. The program has been hailed as facilities to ensure more reasonably priced and 3 redevelopment programs, among a long-overdue act of extraordinary vision and stable power supply; 10 water resource them New Clark City, with a view to create and an ostentatious, overambitious game projects and irrigation systems to increase sustainable and multifaceted solutions for plan. agricultural output; 5 flood control the burgeoning urban population. “This is exactly what we want to turn around [at BCDA],” says Vivencio Dizon, BCDA president and chief executive Clark Officer. “For the longest time, our International governments have been thinking small. In Airport fact, one network reporter asked me why CONNECTIVITY [our plan was] ‘so ambitious.’ I replied, INFRASTRUCTURE ‘You know, that’s the problem with us Filipinos sometimes—we think that because PORO POINT we’re Filipinos, we can’t be too ambitious. I think there’s no [such thing as being] too big or too ambitious. Otherwise we’ll always BAGUIO be content with a ‘puwede na ‘yan [that’ll do]’ mentality.” And that, for Dizon, is the quickest way to get nowhere.

With the country’s medium-term growth

BALER outlook remaining positive and fearless forecasts of the economy remaining on an expansionary track, the National Economic and Development Authority expects New Clark City SUBIC METRO some 820,000 jobs to be generated with a MANILA number of infrastructure projects breaking Manila-Clark ground. Railway Says Socioeconomic Planning Secretary BATANGAS FREEPORT Ernesto Pernia: “Apart from closing the country’s infrastructure gap, our aim is to create many employment opportunities and assist Filipino families in achieving the kind of life that they desire.” Subic-Clark Railway

34 25 YEARS OF BCDA: A STORY OF BUILDING A MODERN PHILIPPINES STORIES THAT REDEFINED THE NATION

Making ‘Miracles’ Happen

Five months sounds like too short of a time the bidding process at the earliest possible Situated about 100 kilometers north of to build and overhaul infrastructure in the time, allowing it to quickly seal the Manila in Tarlac province near Clark Philippines where projects often take a long contracts. International Airport, one of the country’s time to kick off because of red tape. busiest hubs, New Clark City will be home Once the projects were awarded, the to several government departments, mixed- But state-run BCDA proved it can be done management and construction teams worked use real estate developments, an agro- when it was tasked to build and modernize ‘round the clock to make what is now being industrial park, and a huge sports complex. facilities in Clark in time for the arrival touted as a “five-month miracle” happen. of world leaders and decision-makers “This will be the new Metro Manila but attending the 31st ASEAN summit. Indeed, if the BCDA can perform miracles better—well planned, more sustainable and such as this, surely the country can expect socially-inclusive,” says BCDA Executive The work that needed to be done looked the same effort in all its infrastructure and Vice President Aileen Anunciacion Zosa. daunting: To build 21 two-storey villas, a development projects, including those road network, and a VIP lounge at the Clark under the Duterte administration’s Build Philippine President Rodrigo Duterte has International Airport, and to renovate the Build Build program. made developing areas outside Manila one ASEAN Convention Center that showcases of the priorities in his six-year Build Build the talent and ingenuity of the Filipino The BCDA is overseeing the development Build infrastructure plan to ease congestion people, within budget and on time. of the 9,450-hectare New Clark City as in the metropolis and spread wealth more an alternative to Metro Manila, where evenly. Having world-class legislation in pollution and traffic jams are a constant procurement helped the BCDA complete vexation for the city’s 13 million residents.

1 2

1. Aerial view of the ASEAN Villas 2. VIP lounge at the Clark International Airpoirt 3. Lobby of the ASEAN Convention Center

3 35 2017 ANNUAL REPORT

A Story of Investments

36 25 YEARS OF BCDA: A STORY OF INVESTMENTS STORIES THAT REDEFINED THE NATION

A Tale of Two Clarks With Php1.32 billion in net income and USD6.9 billion in exports, there’s no question that 2017 was Clark’s banner year. Ease of doing business, transparency, and innovation stand out as the key ingredients that made this possible.

Poo Minho, a Korean living in Clark, president and CEO of Clark Development Clark, he says, paved the way for Clark to Pampanga since 2007, recalls a time when Corporation (CDC), notes proudly. Aside attract the types of locators that will provide the place looked like a playground. “Only a from generating Php1.32 billion, CDC the necessary employment, not only for field, no buildings,” Poo says of Clark back employed a total of 108,000 by the end of the displaced Filipinos, but more for the then. “It was very beautiful, but (there was) 2017. community. no development.” Impressive “I see employment as a natural Poo, managing director of real estate consequence of investments,” Manankil developer JB Cresta Corporation, is a little CDC also recorded USD6.9 billion worth explains. “If you want employment, sad that the Clark he remembers now of exports in 2017—its highest to date. you must have investments. If you want exists only in his memory, but he feels that The number of Clark locators, like Poo, investments, you must have the correct development comes with a price. “[The increased to 949. Pretty impressive figures environment for the investors to come.” people in charge of Clark] are working very for a zone that was primarily created to hard. That’s why a lot of investments from provide employment to thousands of Poo agrees. As a foreign investor, he Korea, Japan, Australia, and other foreign Filipinos displaced by the pullout of the appreciates the ease of doing business in countries are now booming. That’s why a American bases from Pampanga. Clark. lot of Koreans want to invest here,” he adds. “Initially, the goal was just to provide “To be honest, I have a business outside To say that it has come a long way is more employment. [But] how do you provide Clark. But there is a big difference: outside than understatement: 2017, in particular, employment if not through businesses?” Clark, if foreign companies want to invest, was a banner year for Clark. “Our net Manankil points out. The excellent it’s possible—but not easy,” he reveals. income for 2017 finally surpassed the infrastructure and the strategic location of Much time, money, and energy are needed Php1 billion mark,” Noel Manankil, to sustain that business.

Artist’s render of the Sharp Clark Hills

37 2017 ANNUAL REPORT

“But here in Clark, if you want to invest, compliance of the WILI, recalls what made “It was a value proposition for growth. you just walk into CDC and [talk to] her boss, WILI President and CEO Daesik We were looking at more of, basically, any person [there]. You can get a lot of Han, invest in Clark. the future,” he explains as the reason for information from the government officer,” investing in Clark. “We in the Udenna he adds. “Mr. Han actually just came upon Corporation believe in partnering with the Clark accidentally,” she says. “He was government’s vision [for] growth.” ‘An enabler of locators’ entertaining guests and they asked him, ‘Why don’t we go to Clark?’ [But] there The development of Clark Global City The Korean locator remembers a time a was no nice hotel.” will take a total of 10 years spread out in couple of years back when his company had eight phases, and will cost Php300 billion. difficulty importing construction materials. The more Mr. Han learned about Clark, A masterplan has been created that takes They had to wait for two weeks for the the more potential he saw. “He decided inspiration from various key cities in the container to arrive from abroad, resulting in to invest here because he knew that Clark world. There will be a millennium park like unnecessary costs and expenses. would boom in the future,” she concludes. that in Chicago, a market similar to Rungis in Paris, and access points to the airport It was then CDC President (and now That was in 2007. Widus then had only that would enable Clark to become like Transportation Secretary) Arthur Tugade 113 rooms and a little more than 100 Incheon or Narita. who turned things around for Poo. From employees. They rebranded and added two weeks, Tugade ordered his people the casino in 2009. In 2012, they built “It would be walkable from end to end,” to shorten the importation process to a a convention center, and in 2013, they Placino says. “It will have a neighborhood mere three days. “[Tugade] focused on the constructed Tower 2, giving them a total of concept—with 40% of the area kept as locators; how the government can help [to 233 rooms. greenery.” make things convenient for them],” Poo says. Now with 700 employees, Widus Hotel He adds that Clark Global City is a chance and Casino was recognized by the CDC as to offer “better” than even the CBDs Indeed, CDC considers itself “an enabler the highest revenue generator among all its in Metro Manila. “We can correct the of the locators.” The joint effort between locators, for 2017. “We closed 2017 with mistakes in the planning and in the building the CDC management and the investors an occupancy of 90% to 93%,” Liwanag of the other CBDs,” he says. allowed businesses to flourish in 2017— notes. “We pride ourselves as being no. 1 resulting in increased employment, [in Clark] in terms of casino revenue and The Clark of Poo’s memory may be long investments, revenues, and exports. “I in terms of size.” gone, but in its place is a new Clark: a think that as the governing organization great city that would take its place among in Clark, what we merely did was to give For Wilfredo Placino, president of Clark the great cities of the world—a city that them the right environment through the Global City formerly Clark Global investors would be happy to continue doing provision of utilities, road infrastructure, Gateways, a 177-hectare mixed-use central business in. governance, and anti-corruption policies,” business district development in Clark, the Manankil says. potential is still there.

One additional feature of Clark that investors are very happy about is the automation of permit processes. The CDC’s trade permitting department has adopted an online faceless system to allow applicants to apply for their permits online and get them online as well.

Clark is actually no stranger to innovation in the name of efficiency. To ensure transparency, the BCDA employed Facebook livestreaming to inform the public of developments in the procurement process involving the construction of last year’s ASEAN structures and facilities. The result? A “five-month miracle”—21- unit ASEAN villas and its road network, the ASEAN Convention Center, and the ASEAN VIP airport lounge completed in time to meet the October deadline. Investing in Clark

Korean-led Widus International Leisure, Inc. (WILI), owner of Widus Hotel and Casino, is another long-time Clark locator. Agnes “Neki” Liwanag, assistant vice president for corporate planning and The state-of-the-art Network Operations Center of Clark Global City is a command center from which the property is monitored through around 300 high-resolution CCTV cameras.

38 25 YEARS OF BCDA: A STORY OF INVESTMENTS STORIES THAT REDEFINED THE NATION

Comprehensive Integrated Master Development Plan (CIMDP) The Beauty of Synergy

In 2017, the BCDA was in various stages of project development as prioritized in the Comprehensive Integrated Master Development Plan (CIMDP), which seeks to maximize synergies among the four economic zones under its management. These properties are among the country’s top investment locations and favored tourist destinations, making them vital contributors to national development.

Golfers can enjoy spectacular sunsets at the Clark Sun Valley Golf and Country Club.

The four economic zones under BCDA The CIMDP proposes a wholistic approach A special economic zone generates foreign management and development are the for the development of BCDA properties investment and employment to contribute Clark Freeport and Special Economic Zone and the Subic Bay Freeport Zone by the to the country’s economic growth. Foreign in Pampanga, John Hay Special Economic Subic Bay Metropolitan Authority (SBMA) and local investors prefer these economic Zone in Baguio City, Poro Point Freeport so that “they will not compete with each zones because of the various incentives Zone in San Fernando, La Union, and other,” Zosa adds. “They will have a granted including tax, tariff, and regulatory the former Philippine Refugee Processing unique, separate, and distinct niche. As far perks. Center otherwise known as the Bataan as special economic zones are concerned, Technology Park in Morong, Bataan. These we want to differentiate them while making Managing these economic zones are are all located in Central and Northern them more synergistic. This will put rhyme BCDA’s subsidiaries, namely, the Clark Luzon, and are accessible via the Subic- and reason for all the developments of Development Corporation (CDC), Clark-Tarlac Expressway (SCTEX). our special economic zones—and this is John Hay Management Corporation a good thing because this will disperse (JHMC), and the Poro Point Management BCDA Executive Vice President Aileen development from Metro Manila to outside Corporation (PPMC). Zosa takes pride Anunciacion Zosa has described the Metro Manila, particularly Central and both in the spadework and the actual CIMDP as “a cluster development of Northern Luzon.” infrastructure work carried out over the BCDA properties that will tap the strength year on the various aspects of the CIMDP. of each property… to create synergies.” All these will ultimately open up thousands

39 2017 ANNUAL REPORT

of jobs for Filipinos, and investment With an area of 26,000 hectares, Clark the USD1.430 billion generated by Texas and tourism opportunities for local and is a fully integrated logistics, tourism, Instruments, which is reported directly to international groups. manufacturing, and agro-industrial the Philippine Economic Zone Authority development. Within it is the Clark (PEZA). Clark Freeport and Special International Airport, a 2,367-hectare Economic Zone aviation complex declared as the new Just as notably, Clark had a record high in international gateway for the Philippines. net income for 2017—Php1.32 billion, an Think Clark and you’ll most likely think increase of 32% from the Php738 million of the Philippine International Hot Air The year 2017 was an exceptional year reported in 2016. CDC President Noel Balloon Festival, held annually in February. for Clark, bringing an overall increase in F. Manankil said that this was 27% of the This, in a way, is a subtle nod to its not-so- the number of locators (7%), employment Php3.801 billion generated in the first 23 distant past as a U.S. Air Force base. (13%), and export volume (35%). An years of CDC operations. additional 54 locators brought the total to Today, the Clark Freeport and Special 949 as of year-end. This in turn resulted in Also rising in Clark is the New Clark City, a Economic Zone in Pampanga is the hub for almost 107,997 jobs. 9,450-hectare area envisioned as the country’s business, industry, aviation, education, and first smart and disaster-resilient metropolis. In tourism, as well as a leisure, entertainment, But it was its export volume of USD6.9 it, the sports facilities for the 2019 Southeast and gaming center in Central Luzon. It also billion that set new records for Clark. This Asian Games (SEA Games) are well on their hosts light industries and BPO firms. is the biggest volume since 2014, which way toward completion, as are the access was at USD4.751 billion—not counting roads leading to New Clark City.

Clark ended 2017 with a total of 949 locators. Among them are: 1 FOTON Philippines; 2 Hansa Creations, Inc.; and 3 Widus Hotel and Casino Clark.

40 25 YEARS OF BCDA: A STORY OF INVESTMENTS STORIES THAT REDEFINED THE NATION Contributing to the land value of Clark are the 21 two-storey ASEAN Villas—beautifully constructed using high-standard construction materials showcasing Pampanga’s culture and arts through their interior designs.

41 2017 ANNUAL REPORT

Clark International Airport

The once-sleepy Clark International Among the millions of passengers CRK catering service provider; maintenance Airport (CRK) is now awake. The year is poised to serve are overseas Filipino provider SIA Engineering Philippines; and 2017 has been the most notable year for workers (OFWs). “Clark Airport’s Clark Airport Service Support Corporation, Clark International Airport Corporation proximity, convenience, and security will for ground handling. (CIAC) by far as the agency witnessed an attract thousands of OFWs and their increased productivity in its operations. families here in Nueva Ecija and nearby CRK currently hosts Emirates Airlines provinces,” said Cauguiran, citing the via Dubai, Qatar Airways via Doha, The CIAC remitted to the Bureau of estimated 360,000 OFWs who come from Cebu Pacific Air via Hong Kong, Macau, Treasury (BTr) a total of Php86.88 million Central Luzon. Singapore, and domestic flights to Cebu, in 2017, which represents its dividends for Asiana Airlines via Incheon, Jin Air via the years 2014 to 2016—bringing CIAC’s This may not be for a few more years yet, Incheon and Busan, along with Cathay total cumulative dividends contribution to but already, CRK’s suppliers include Gate Dragon via Hong Kong and Tiger Air via Php96.35 million. Gourmet, the world’s largest in-flight Singapore.

“CIAC’s well-crafted plan plus a results- oriented leadership amounted to millions of pesos in remittances. President Duterte’s resolve and call to shift [airline] operations from Manila to Clark has [borne] fruit as we will now be able to remit the dividends,” CIAC President and CEO Alexander Cauguiran was quoted as saying in a press statement.

The centerpiece of the Duterte administration’s massive Build Build Build infrastructure program, CRK is envisioned to become one of the biggest aviation complexes in Asia. The airport area is 2,300 hectares with two runways each measuring 3.2 kilometers long, expandable to four kilometers. The construction of a new terminal is underway to accommodate eight million passengers per annum, with the ultimate aim of decongesting traffic at the NAIA in Manila.

Photo credit: Jojo Due of CIAC Corporate Communication Office

42 25 YEARS OF BCDA: A STORY OF INVESTMENTS STORIES THAT REDEFINED THE NATION

1. The UP Techno Hub houses BPOs 3 and commercial shops. 2. The Bellhouse Amphitheater is a popular events venue. The BCDA manages the JHSEZ through John Hay Special 3. Treetop Adventure is one of Baguio’s its subsidiary, the John Hay Management highest-ranked outdoor and team-building Economic Zone Corporation (JHMC). Although the facilities. number of locators went down to 113 from To many Filipinos, a summer getaway 120 in 2016, this did not affect the revenue wouldn’t be complete without pine trees, generated. A total of Php84.73 million was log cabins, and cool mountain air. These reported—a growth rate of 10.32% over the and much more can be found only at 2016 revenue of Php76.8 million. Actual the John Hay Special Economic Zone investments from locators came close to (JHSEZ)—or simply, Camp John Hay— Php5.8 million. which provides recreational and tourism facilities in the country’s summer capital of The number of jobs also increased, Baguio City. particularly in the BPO industry, with 3,737 jobs over 3,667 the previous year. Besides being a tourism complex, the Jobs in non-BPO sectors also rose to 600-hectare Camp John Hay has a multi- 2,093 from 1,856 in 2016. These jobs use forest watershed and a human resource employed 5,442 or 93% from the Baguio– development center. Half of its area is La Trinidad–Itogon–Sablan–Tuba–Tublay under forest conservation. (BLISTT) area, and 388 or 7% from non- BLISTT areas.

43 2017 ANNUAL REPORT

1 Poro Point Freeport Zone

Hardly anybody nowadays remembers the Wallace Air Station, but chances are, they’ll know about the Poro Point Freeport Zone (PPFZ). After all, it’s a veritable landmark in San Fernando, La Union, that’s home 3 to a 65.5-hectare tourism complex with a 1. The Thunderbird Resort increased its investment in Poro Point in 2017. Mediterranean-inspired luxury resort, a 2. Fira Beach Club is one of the newest additions to Thunderbird Resort. 3. Sillag: Poro Point Festival of Lights dazzled tourists on its sixth year. nine-hole golf course, among other tourist attractions. With an increasing number of events and in 2015—and in 2017, the number went In 2017, more developments to the activities, the Poro Point Baywalk has up to 131,000. This just goes to show how property were put in place by the Poro Point likewise been pivotal in boosting tourism effective the festival is as a means to promote Management Corporation (PPMC) through inside the Zone. The baywalk hosted several the PPFZ, the City of San Fernando, and the its locator, Thunderbird Pilipinas Hotels and fun runs, team building activities, zumba whole Province of La Union. Resorts, Inc. (TPHRI). TPHRI built 47 sessions, sportsfests, youth camps and Santorini Villas as additional lodging options, festivals organized by various agencies, both The San Fernando Airport remains the and completed the expansion of the gaming government and private, and civil society leading choice of aviation schools for their facility. They also completed the expansion groups. A total of 33 events were held at the cross-country training, with 17 aviation of the Agora Events Center, which added baywalk. schools regularly using the airport. The airport 1,000 square meters to the event floor to generated 45,751 general aviation traffic accommodate up to 1,000 people. PPMC welcomed its first locator at the movements in 2017, 25% more than the baywalk, Adeline’s House of Food & traffic for year 2016. This was brought about More new attractions to Thunderbird Beverages and Atrium Travel & Tours in by the high demand for aviation pilots and Resort include the Ibiza-inspired beach 2017. Adeline’s House of Food & Beverages maintenance crew for the aviation industry. club with infinity pool, a restaurant, and and Atrium Travel & Tours is the anchor a deck, called the Fira Beach Club; and a tenant to establish the first restaurant, In 2017, 13 locators infused some Php3.47 three-hectare recreational park featuring convenience store and travel and tours office billion in investments into the PPFZ. The a clubhouse with gym and lap pool. The in the baywalk area. PPMC posted a net income of Php11.53 construction of the maze gardens, and million, up 14.5% from the 2016 net income outdoor sports facilities, fountains, and The year 2017 also saw the Sillag Poro Point of Php10.07. This, together with its strong chapel is already underway, while the Festival of Lights being held for the sixth showing since 2014, turned the company’s construction of 10 Presidential Suites at the consecutive year. As in previous years, the deficit into a positive balance of Php6.6 amphitheater area was 90% completed as event saw an increase in the number of local million. Actual revenue from the PPFZ of year-end. and foreign visitors. Tourist arrivals in 2016 was reported at Php101.2 million, Php14.1 numbered 120,000—double the number million more than the 2016 figure.

44 25 YEARS OF BCDA: STORIES THAT REDEFINED THE NATION

Bataan Technology Park eco-tourism and heritage spot. Overlooking The value of the lease contract is the West Philippine Sea, the Bataan Php107.3 million, with an estimated Technology Park is dotted with monuments investment commitment of Php495 million. It was home to refugees from Cambodia, and shrines built by the refugees; some, Laos, and Vietnam from 1980 to 1994— replicas of important landmarks in their In July 2017, Equinet Support, Inc. likewise 365 hectares of rolling hills of Morong, mother country: the Freedom Plaza, the leased 10.4 hectares for Camp Kanawan Bataan established by the United Nations Indochina Map, the Buddhist Temples, for Php87 million, with an estimated as the Philippine Refugee Processing the That Luang, the image of the Blessed investment commitment of Php161 million. Center (PRPC). Mother, the Vietnamese monument, and Camp Kanawan has become a popular the Bayon monument. venue for seminars and other corporate The main zone of the Morong Special activities. Economic Zone in Bataan, the Bataan Current locators occupy a total of 14 Technology Park is a histo-cultural and hectares of land. These include the Equinet On the whole, its accessibility from Metro educational destination just 20 minutes Support, Inc.—which operates Camp Manila through the NLEX and SCTEX, from Subic and 2 ½ hours from Manila via Kanawan (formerly Atmanda Ecopark), together with its proximity to other tourist the SCTEX. Its potential as a retirement where the Kai Lodge and Sage Leaf Hotel attractions in the region, continue to haven, corporate training center, and are located—the Morong Power and Water contribute to Bataan Technology Park’s zone for environment-friendly small- Corporation (MPWC), and the Vietnamese growing popularity as a training venue and and medium-scale industries remains Cemetery. eco-tourism spot. unmatched. The MPWC leased a 4,500-square meter Visitors will appreciate the Bataan lot for a water treatment facility from Technology Park’s unique offerings as an August 2015 up to the first quarter of 2019.

1. The Bayon monument is one of several structures that remain from the Bataan Technology Park’s history. 2. Visitors enjoy eco-tourism attractions such as the hanging bridge. 3. The Bataan Technology Park’s open spaces, histo-cultural attractions, and 3 natural beauty make it a popular educational destination and team-building venue.

45 2017 ANNUAL REPORT CREATION OF CDC AND JHDC PRIVATIZATION OF FORT BONIFACIO BCDA TAKES OVER SEAPORT Clark Development Corporation (CDC), “Deal of the Century” takes place when BCDA enters into a AT PORO POINT through Executive Order No. 80 (EO 80), and joint venture with the Metro Pacific Consortium (MPC) for BCDA takes over the management of the San Fernando Seaport John Hay Development Corporation (JHDC), the privatization of 214 hectares of Fort Bonifacio realizing at Poro Point from the Philippine Ports Authority. through EO 103, are created as BCDA Php30.4 billion. This creates the Fort Bonifacio Development subsidiaries to manage Clark Air Base and Corporation (FBDC), the largest corporation registered with ROAD CONSTRUCTION COMMENCES IN Camp John Hay—with initial equity the Securities and Exchange Commission (SEC) at the time. CLARK AND KALAYAAN/EDSA-BUENDIA investments of Php25.5 million and Php30 BCDA begins the Php117-million Mabalacat-Clark Spur million, respectively. EO 103 will be COMPLETION OF MASTER PLANS OF Road, which involves the construction of a four-lane subsequently amended by EO 31, creating the MILITARY LANDS expressway from the North Luzon Tollway to Clark, and the John Hay-Poro Point Development BCDA completes and approves the master plan of the Php778-million Fort Bonifacio Kalayaan/EDSA-Buendia Corporation (JPDC), implementing arm of 440-hectare Fort Bonifacio; finalizes the Master Flyover, a joint undertaking with FBDC and the Department BCDA in the management and development of Development Plans for John Hay, Poro Point, and Villamor of Public Works and Highways (DPWH), providing a direct Camp John Hay in Baguio and the Wallace Air Air Base (VAB). link between Makati and the Bonifacio Global City (BGC). Station in Poro Point, La Union. CREATION OF BMHI NEGOTIATIONS BEGIN FOR VOICE CREATION OF PPSEFZ BCDA Holdings, Inc. (BHI) is incorporated on April 12, 1995 OF AMERICA IN CJH Wallace Air Station and its contiguous areas and subsequently renamed BCDA Management and Negotiations with the United States Embassy begin for the are created as the Poro Point Special Economic Holdings, Inc. (BMHI). turnover of the Voice of America (VOA) facility in Camp John Hay. and Freeport Zone (PPSEFZ) by virtue of REPLICATION OF VILLAMOR AIR BASE Presidential Proclamation No. 216. TAXIWAYS BCDA SIGNS MOA WITH FBDC AND The replication of the Villamor Air Base VIP Apron and SMART COMMUNICATIONS BCDA MAKES FIRST SALE OF LAND taxiways begins through the Philippine National BCDA signs MOA with FBDC and Smart Communications, BCDA BCDA makes first sale of Fort Bonifacio land to Construction Corporation. creating the Bonifacio Communications Corporation that the Philippine National Oil Company (PNOC) will undertake communications infrastructure in the BGC. and the Department of Energy (DOE) for HOUSING FOR PROJECT-AFFECTED Php307 million; the Joint US Military Action FAMILIES PRPC IS TRANSFERRED TO BCDA Group (JUSMAG) property in Quezon City is BCDA completes the Philippine Centennial Village for affected Proclamation No. 984 creates the Morong Special Economic sold for Php175 million. communities in Fort Bonifacio under BCDA’s Housing and Zone, which covers the 365-hectare PRPC, and transfers 25 Relocation Program. ownership of PRPC land to BCDA.

Years 1993 1995 1997

1992 1994 1996 The BCDA was established in 1992 BCDA INVESTS PHP462 MILLION IN CRK through Republic Act No. 7227, the Bases Conversion BCDA invests Php462 million for the installation of airport equipment and the construction of interim passenger and Development Act. Since then, the agency has been terminal at the Clark International Airport (CRK). The maiden flight from Clark to Hong Kong takes place in at the forefront of contributing to the modernization June.

YOKOHAMA OPENS IN CLARK of our Armed Forces as well as developing Yo kohama Tires Philippines, Inc. (YTPI), a locally-based Japanese tire profitable business hubs and commercial centers. CREATION OF BCDA LAUNCH OF HERITAGE PARK FVR ORDERS CONVERSION manufacturing firm, sets up shop in President Corazon Cojuangco BCDA starts the Heritage Park Project, OF PRPC INTO THE BATAAN Clark. Yokohama has been Aquino signs on March 13, an exclusive memorial park in Fort consistently one of the top exporters TECHNOLOGY PARK of the zone. The following milestones highlight the BCDA’s 1992 Republic Act 7227 or the Bonifacio, and receives Php500 million President Fidel V. Ramos instructs Bases Conversion and as advance payment from the sale of BCDA to lead in the conversion of Development Heritage Park Investment Certificates the former Philippine Refugee PRIVATIZATION OF THE JOHN accomplishments in its 25 years of existence—but more than Act of 1992. (HPICs); the first tranche of this project Processing Center (PRPC) to the HAY SPECIAL ECONOMIC generates a total of Php2.5 billion. Bataan Technology Park. ZONE BCDA privatizes Camp John Hay this, provide an exciting preview of what it can yet do CREATION OF CIAC AND JHSZ CREATION OF BTPI through a lease agreement with Clark is designated as site of a premier The Bataan Technology Park, Inc. Fil-Estate Consortium. An advance international airport through EO 174; (BTPI) is created through lease payment of Php250 million is as it gears up for the next 25. Clark International Airport Corporation Proclamation No. 984, with an initial paid and starting annual lease is (CIAC) is established as a subsidiary of budget of Php100 million. BTPI is Php425 million. the CDC to manage the Clark Aviation tasked to manage the conversion of Complex, through EO 192. A portion of the former PRPC into a technology Camp John Hay is designated as the park. John Hay Special Economic Zone (JHSEZ), by virtue of Proclamation No. 420.

46 CREATION OF CDC AND JHDC PRIVATIZATION OF FORT BONIFACIO BCDA TAKES OVER SEAPORT Clark Development Corporation (CDC), “Deal of the Century” takes place when BCDA enters into a AT PORO POINT through Executive Order No. 80 (EO 80), and joint venture with the Metro Pacific Consortium (MPC) for BCDA takes over the management of the San Fernando Seaport John Hay Development Corporation (JHDC), the privatization of 214 hectares of Fort Bonifacio realizing at Poro Point from the Philippine Ports Authority. through EO 103, are created as BCDA Php30.4 billion. This creates the Fort Bonifacio Development subsidiaries to manage Clark Air Base and Corporation (FBDC), the largest corporation registered with ROAD CONSTRUCTION COMMENCES IN Camp John Hay—with initial equity the Securities and Exchange Commission (SEC) at the time. CLARK AND KALAYAAN/EDSA-BUENDIA investments of Php25.5 million and Php30 BCDA begins the Php117-million Mabalacat-Clark Spur million, respectively. EO 103 will be COMPLETION OF MASTER PLANS OF Road, which involves the construction of a four-lane subsequently amended by EO 31, creating the MILITARY LANDS expressway from the North Luzon Tollway to Clark, and the John Hay-Poro Point Development BCDA completes and approves the master plan of the Php778-million Fort Bonifacio Kalayaan/EDSA-Buendia Corporation (JPDC), implementing arm of 440-hectare Fort Bonifacio; finalizes the Master Flyover, a joint undertaking with FBDC and the Department BCDA in the management and development of Development Plans for John Hay, Poro Point, and Villamor of Public Works and Highways (DPWH), providing a direct Camp John Hay in Baguio and the Wallace Air Air Base (VAB). link between Makati and the Bonifacio Global City (BGC). Station in Poro Point, La Union. CREATION OF BMHI NEGOTIATIONS BEGIN FOR VOICE CREATION OF PPSEFZ BCDA Holdings, Inc. (BHI) is incorporated on April 12, 1995 OF AMERICA IN CJH Wallace Air Station and its contiguous areas and subsequently renamed BCDA Management and Negotiations with the United States Embassy begin for the are created as the Poro Point Special Economic Holdings, Inc. (BMHI). turnover of the Voice of America (VOA) facility in Camp John Hay. and Freeport Zone (PPSEFZ) by virtue of REPLICATION OF VILLAMOR AIR BASE Presidential Proclamation No. 216. TAXIWAYS BCDA SIGNS MOA WITH FBDC AND The replication of the Villamor Air Base VIP Apron and SMART COMMUNICATIONS BCDA MAKES FIRST SALE OF LAND taxiways begins through the Philippine National BCDA signs MOA with FBDC and Smart Communications, BCDA makes first sale of Fort Bonifacio land to Construction Corporation. creating the Bonifacio Communications Corporation that the Philippine National Oil Company (PNOC) will undertake communications infrastructure in the BGC. and the Department of Energy (DOE) for HOUSING FOR PROJECT-AFFECTED Php307 million; the Joint US Military Action FAMILIES PRPC IS TRANSFERRED TO BCDA Group (JUSMAG) property in Quezon City is BCDA completes the Philippine Centennial Village for affected Proclamation No. 984 creates the Morong Special Economic sold for Php175 million. communities in Fort Bonifacio under BCDA’s Housing and Zone, which covers the 365-hectare PRPC, and transfers Relocation Program. ownership of PRPC land to BCDA.

1993 1995 1997

1992 1994 1996

BCDA INVESTS PHP462 MILLION IN CRK BCDA invests Php462 million for the installation of airport equipment and the construction of interim passenger terminal at the Clark International Airport (CRK). The maiden flight from Clark to Hong Kong takes place in June.

YOKOHAMA OPENS IN CLARK Yo kohama Tires Philippines, Inc. (YTPI), a locally-based Japanese tire CREATION OF BCDA LAUNCH OF HERITAGE PARK FVR ORDERS CONVERSION manufacturing firm, sets up shop in President Corazon Cojuangco BCDA starts the Heritage Park Project, OF PRPC INTO THE BATAAN Clark. Yokohama has been Aquino signs on March 13, an exclusive memorial park in Fort consistently one of the top exporters TECHNOLOGY PARK of the zone. 1992 Republic Act 7227 or the Bonifacio, and receives Php500 million President Fidel V. Ramos instructs Bases Conversion and as advance payment from the sale of BCDA to lead in the conversion of Development Heritage Park Investment Certificates the former Philippine Refugee PRIVATIZATION OF THE JOHN Act of 1992. (HPICs); the first tranche of this project Processing Center (PRPC) to the HAY SPECIAL ECONOMIC generates a total of Php2.5 billion. Bataan Technology Park. ZONE BCDA privatizes Camp John Hay CREATION OF CIAC AND JHSZ CREATION OF BTPI through a lease agreement with Clark is designated as site of a premier The Bataan Technology Park, Inc. Fil-Estate Consortium. An advance international airport through EO 174; (BTPI) is created through lease payment of Php250 million is Clark International Airport Corporation Proclamation No. 984, with an initial paid and starting annual lease is (CIAC) is established as a subsidiary of budget of Php100 million. BTPI is Php425 million. the CDC to manage the Clark Aviation tasked to manage the conversion of Complex, through EO 192. A portion of the former PRPC into a technology Camp John Hay is designated as the park. John Hay Special Economic Zone (JHSEZ), by virtue of Proclamation No. 420. TURNOVER OF VOA IN CJH BCDA GENERATES PHP648 MILLION ALI, GREENFIELDS DEVELOPMENT SCAD CARAVAN LAUNCH SCTEX GROUNDBREAKING RA 9399, 9400 ARE SIGNED INTO LAW BCDA signs an agreement with the U.S. Embassy for the FROM DBP UNDERWRITING OF HPICs CORPORATION BUY OUT MPC BCDA launches the SCAD caravan in BCDA breaks ground on the On March 20, Republic Act 9399 and 9400 are turnover of the 31.83-hectare VOA Property in BCDA receives Php648 million from the ALI and Greenfields Development Corporation Bulacan, Pampanga, Tarlac, Aurora, 93.77-kilometer SCTEX on April 4, signed into law, according locators in Camp Camp John Hay. Development Bank of the Philippines (DBP) from buy out MPC as majority private partner of BCDA Nueva Ecija, Bataan and Zambales. 2005. John Hay, Clark Special Economic Zone, Poro the sale of reserve tranche of HPICs and Php280 in the development of BGC. Central Luzon (CL) is earmarked as the Point Freeport Zone, and Bataan Technology TURNOVER OF 63.3-HECTARE AREA million as an advance payment from the 25-year site of a new economic growth corridor DMIA SHOWCASES Park with tax amnesty and restoring tax- and FOR NAIA TERMINAL 3 lease in BGC for the Manila Japanese School. BCDA PARTNERS WITH AGGI FOR as outlined in the CL Development Plan LOW-COST CARRIERS duty-free incentives. BCDA turns over a 63.3-hectare site at Villamor Air LAWTON PARKWAY DEVELOPMENT and the 12-point economic agenda for The Diosdado Macapagal Base to the Manila International Airport Authority BCDA AND JBIC SIGN LOAN AGREEMENT BCDA partners with Alliance Global Group, Inc. (AGGI) Region III by the Regional Development International Airport (DMIA) SCTEX REACHES 95% (MIAA) for the construction of the NAIA Passenger TO FUND SCTEX for the development of the 25-hectare Lawton Council. showcases full-scale operations of COMPLETION WITH ADDITIONAL Terminal 3. BCDA enters into a loan agreement with the Japan Parkway, site of McKinley Hill Subdivision in Fort low-cost carriers such as Tiger THREE INTERCHANGES Bank for International Cooperation (JBIC) for the Bonifacio. Advance payment madeto BCDA for the CIAC AS BCDA SUBSIDIARY Airways, Air Asia Berhad and Asiana SCTEX reaches 95% completion and COMPLETION OF VILLAMOR MASTER PLAN funding of the Subic-Clark-Tarlac Expressway joint venture is Php942 million. EO 186 re-establishes the CIAC as a Airlines that conduct regular flights to announces construction of three additional AND INSTITUTIONAL AREA IN BGC (SCTEX). The loan accounts for 85% of the project subsidiary of BCDA. major destinations Singapore, Macau, interchanges—Clark South Interchange, the BCDA completes the detailed engineering design for the cost of Php27.123 billion, with BCDA funding the BCDA AWARDS SERENDRA SITE TO ALI Malaysia, Korea, Taipei, Hong Kong, Porac Interchange, and the Floridablanca 82-hectare Institutional Area in Fort Bonifacio and the local equity. BCDA awards to ALI the 11.66-hectare Lot B, which will and China. Interchange. master development plan for Villamor Air Base. subsequently be the site of a residential development called COMPLETION OF ACCESS ROAD Serendra. ALI pays an advance of Php700 million to BCDA BCDA, DND, AND AFP SIGN IHG SIGNS LEASE AGREEMENT CREATION OF PPIC, DEVELOPMENT OF CONNECTING BTP AND SBFZ for the joint venture. MOA TO REPLICATE PAF FOR JHSEZ LOT PORO POINT INFRASTRUCTURE BCDA completes the Php108-million backdoor FACILITIES Intercontinental Hotels Group (IHG) signs BCDA enters into a Pre-Incorporation Agreement with access road connecting the Bataan Technology BCDA, MEGAWORLD DEVELOP BCDA signs MOA with the lease agreement for a 5,000-square meter lot JPDC and Bulk Handlers, Inc., creating a joint Park with the Subic Bay Freeport Zone. VILLAMOR GATEWAY CENTER Department of National Defense within the John Hay Special Economic Zone, venture—the Poro Point Industrial Corporation BCDA partners with Megaworld Corporation for the joint (DND) and AFP for the replication of which will house its Global Reservations (PPIC)—which is tasked to develop and manage the CREATION OF SCAD conversion of the 24.5-hectare Villamor Gateway Center PAF facilities affected by the Center. PPSEFZ; BCDA finances construction of the BCDA, CDC, and the Subic Bay Metropolitan into the Newport City. Megaworld undertakes to advance developments in Villamor Air Base. Php53.39-million Pennsylvania Avenue and the Authority (SBMA) sign a MOA for the creation of Php889 million replication expenses for affected Philippine Php59.38-million Pier extension in the PPSEFZ. the Subic-Clark Alliance for Development (SCAD) Air Force (PAF) facilities and community facilities. that calls for the alignment of long-term development goals of the Subic and Clark economic zones.

1999 2001 2003 2005 2007

WORLD-CLASS THUNDERBIRD HOTEL 1998 2000 2002 2004 2006 LOCATES AT PORO POINT Thunderbird Hotels and Resorts, Inc. signs lease JPDC SPLITS INTO PPMC agreement for the development of the 65-hectare AND JHMC BCDA SELLS PRIME Poro Point tourism estate. The agreement will JPDC is split into Poro Point pave the way for the construction of a five-star PROPERTIES hotel, nine-hole golf course, and other leisure and Management Corporation (PPMC) BCDA sells prime properties—Bonifacio and John Hay Management recreation facilities that will boost tourism in the South Lots 4 and 5 to Century region. Corporation (JHMC) by virtue of Properties, Inc. for Php200 million, EO 132. Camp Bago Bantay to Bellevue BCDA RECOVERS 35.5-HECTARE Properties for Php646 million, and UPS OPERATES IN CLARK SRDP to Megaworld Corporation for JUSMAG AREA United Parcel Service (UPS) starts Php487 million, all in the first quarter. BCDA recovers 35.5-hectare JUSMAG area in operations in Clark with an Fort Bonifacio following Supreme Court reversal investment of USD300 million. BCDA REMITS PHP639 MILLION of a Court of Appeals (CA) decision which earlier BCDA AWARDS SCTEX CONTRACTS ruled in favor of the Southside Homeowners CREATION OF HOUSING BCDA LEASES 9.8 HECTARES BCDA LEASES BCDA TURNS OVER 96.08 FOR THE AFP Association Inc.’s (SHAI) claim as area owners. COMMUNITIES TO AYALA INSTITUTIONAL AREA BCDA awards contracts for the BCDA turns over Php639 million to BCDA TURNS OVER REPLICATED This prime property is located at the back of BCDA creates holistic communities to serve BCDA makes another landmark deal for BCDA leases the Institutional Area in HECTARES TO HUDCC construction of SCTEX, consisting of the National Treasury for the account FACILITIES TO PAF BCDA turns over 96.08 hectares of Forbes Park. the needs of those displaced by its various the 25-year lease of a 9.8-hectare lot in BGC to the British School Manila and Package 1 (Subic to Clark) and Package 2 of the modernization program of the In October 2006, BCDA turns over to the land and housing projects for (Clark to Tarlac) to the consortium development projects such as the 2,880-unit the BGC to Ayala Land, Inc. (ALI) which International School Manila. Each AFP, bringing to Php16 billion the total PAF the first batch of replicated military JHMC, PEZA SIGN RA; DESIGNATE socialized housing to the Housing of the Kajima-Obayashi-JFE Engineering- remittance for the AFP Modernization Diego Silang Village, the 1,140-unit Philippine will subsequently be the site of Market! property is expected to yield total lease facilities in Villamor Air Base worth Php59.72 JHSEZ AS SPECIAL TOURISM Centennial Village, the 8.7-hectare Project Market! This generates a fixed lease of revenues of Php500 million and and Urban Development Mitsubishi Heavy Industries Co. Ltd (KOJM) Program and replication of military Coordinating Council (HUDCC) by million. These include a two-storey Transient ECONOMIC ZONE Dreamland in Taguig, the 50-hectare Philippine Php117 million a year and a variable Php927 million, respectively, for 25 and the Hazama-Taisei-Nippon Steel (HTN), facilities. Officers Quarters, three 3-storey Transient virtue of EO 70, as amended by EO JHMC signs a Registration Agreement with the Army Village in Capas, Tarlac, and the lease payment of 10% of gross revenues years. respectively; SCTEX civil works cost of Airmen’s Dormitory, and a 3-storey Women’s 465. Philippine Economic Zone Authority (PEZA), replication of the five-storey, 200-bed Philippine that is expected to reach Php3.68 billion Php21 billion is approved by the National MARKET! MARKET! OPENS Auxiliary Corps Dormitory. Army Hospital in Fort Bonifacio. BCDA also in 10 years. ALI pays an advance of Economic Development Authority (NEDA). BGC’s first mega-retail following the issuance of Proclamation No. 1191 COMPLETION OF SAMPAGUITA which created and designated the JHSEZ as a establishes Task Force Hanapbuhay to provide Php700 million. EAST ON AND OFF RAMPS center—Market! Market!—opens in BCDA INSTALLS GIANT livelihood assistance to relocated families. CL DEVELOPMENT SUMMIT September. Special Tourism Economic Zone in the City of BCDA completes the Sampaguita East STEEL BEAMS AT THE SCTEX; Baguio. On and Off Ramps. These two road ON GLOBAL GATEWAYS TOCB BREAKS GROUND COMPLETION OF PASSENGER connections provide access to and BCDA holds the Central Luzon Development Summit on the Global BCDA installs the first pair of giant steel beams BCDA, FBDC, ALI-CAMPOS GROUP, TERMINAL AT CRK from BGC and C-5 Road. for the Pasig-Potrero Bridge on June 30; and In June 1998, the Php95-million interim Gateways Development Program on TAGUIG MAP OUT MASTER March 10. the first steel girder of the Sacobia-Bamban DEVELOPMENT PLAN FOR BGC passenger terminal of the CRK is completed. It BCDA RECEIVES USD3.3 Bridge, the longest bridge of the SCTEX, on BCDA, FBDC, ALI-Campos Group, and the City of can accommodate up to 350 passengers per July 3. The Toll Operations Center Building MILLION FOR VOA LEASE IN Taguig map out a new master development plan hour. BCDA BREAKS GROUND (TOCB) in Mabalacat, Pampanga breaks PPSEFZ that will position BGC as one of Metro Manila’s BCDA receives USD3.3 million for the ON DMIA AND SERENDRA ground on June 9. BCDA TAKES OVER BCDA breaks ground on the Php2-billion most promising developments—“home of lease of the 15-hectare VOA Property passionate minds.” SAN FERNANDO AIRPORT in the PPSEFZ. Diosdado Macapagal International Airport BCDA takes over the airport from the Air (DMIA) Passenger Terminal Expansion Transportation Office (ATO) during President Project in Clark; and the 12-hectare ALI LAUNCHES SERENDRA HUB Fidel Ramos’ visit to La Union in January. Serendra Project in Bonifacio Global City. ALI launches the dining and retail hub of Serendra in October. TURNOVER OF VOA IN CJH BCDA GENERATES PHP648 MILLION ALI, GREENFIELDS DEVELOPMENT SCAD CARAVAN LAUNCH SCTEX GROUNDBREAKING RA 9399, 9400 ARE SIGNED INTO LAW BCDA signs an agreement with the U.S. Embassy for the FROM DBP UNDERWRITING OF HPICs CORPORATION BUY OUT MPC BCDA launches the SCAD caravan in BCDA breaks ground on the On March 20, Republic Act 9399 and 9400 are turnover of the 31.83-hectare VOA Property in BCDA receives Php648 million from the ALI and Greenfields Development Corporation Bulacan, Pampanga, Tarlac, Aurora, 93.77-kilometer SCTEX on April 4, signed into law, according locators in Camp Camp John Hay. Development Bank of the Philippines (DBP) from buy out MPC as majority private partner of BCDA Nueva Ecija, Bataan and Zambales. 2005. John Hay, Clark Special Economic Zone, Poro the sale of reserve tranche of HPICs and Php280 in the development of BGC. Central Luzon (CL) is earmarked as the Point Freeport Zone, and Bataan Technology TURNOVER OF 63.3-HECTARE AREA million as an advance payment from the 25-year site of a new economic growth corridor DMIA SHOWCASES Park with tax amnesty and restoring tax- and FOR NAIA TERMINAL 3 lease in BGC for the Manila Japanese School. BCDA PARTNERS WITH AGGI FOR as outlined in the CL Development Plan LOW-COST CARRIERS duty-free incentives. BCDA turns over a 63.3-hectare site at Villamor Air LAWTON PARKWAY DEVELOPMENT and the 12-point economic agenda for The Diosdado Macapagal Base to the Manila International Airport Authority BCDA AND JBIC SIGN LOAN AGREEMENT BCDA partners with Alliance Global Group, Inc. (AGGI) Region III by the Regional Development International Airport (DMIA) SCTEX REACHES 95% (MIAA) for the construction of the NAIA Passenger TO FUND SCTEX for the development of the 25-hectare Lawton Council. showcases full-scale operations of COMPLETION WITH ADDITIONAL Terminal 3. BCDA enters into a loan agreement with the Japan Parkway, site of McKinley Hill Subdivision in Fort low-cost carriers such as Tiger THREE INTERCHANGES Bank for International Cooperation (JBIC) for the Bonifacio. Advance payment madeto BCDA for the CIAC AS BCDA SUBSIDIARY Airways, Air Asia Berhad and Asiana SCTEX reaches 95% completion and COMPLETION OF VILLAMOR MASTER PLAN funding of the Subic-Clark-Tarlac Expressway joint venture is Php942 million. EO 186 re-establishes the CIAC as a Airlines that conduct regular flights to announces construction of three additional AND INSTITUTIONAL AREA IN BGC (SCTEX). The loan accounts for 85% of the project subsidiary of BCDA. major destinations Singapore, Macau, interchanges—Clark South Interchange, the BCDA completes the detailed engineering design for the cost of Php27.123 billion, with BCDA funding the BCDA AWARDS SERENDRA SITE TO ALI Malaysia, Korea, Taipei, Hong Kong, Porac Interchange, and the Floridablanca 82-hectare Institutional Area in Fort Bonifacio and the local equity. BCDA awards to ALI the 11.66-hectare Lot B, which will and China. Interchange. master development plan for Villamor Air Base. subsequently be the site of a residential development called COMPLETION OF ACCESS ROAD Serendra. ALI pays an advance of Php700 million to BCDA BCDA, DND, AND AFP SIGN IHG SIGNS LEASE AGREEMENT CREATION OF PPIC, DEVELOPMENT OF CONNECTING BTP AND SBFZ for the joint venture. MOA TO REPLICATE PAF FOR JHSEZ LOT PORO POINT INFRASTRUCTURE BCDA completes the Php108-million backdoor FACILITIES Intercontinental Hotels Group (IHG) signs BCDA enters into a Pre-Incorporation Agreement with access road connecting the Bataan Technology BCDA, MEGAWORLD DEVELOP BCDA signs MOA with the lease agreement for a 5,000-square meter lot JPDC and Bulk Handlers, Inc., creating a joint Park with the Subic Bay Freeport Zone. VILLAMOR GATEWAY CENTER Department of National Defense within the John Hay Special Economic Zone, venture—the Poro Point Industrial Corporation BCDA partners with Megaworld Corporation for the joint (DND) and AFP for the replication of which will house its Global Reservations (PPIC)—which is tasked to develop and manage the CREATION OF SCAD conversion of the 24.5-hectare Villamor Gateway Center PAF facilities affected by the Center. PPSEFZ; BCDA finances construction of the BCDA, CDC, and the Subic Bay Metropolitan into the Newport City. Megaworld undertakes to advance developments in Villamor Air Base. Php53.39-million Pennsylvania Avenue and the Authority (SBMA) sign a MOA for the creation of Php889 million replication expenses for affected Philippine Php59.38-million Pier extension in the PPSEFZ. the Subic-Clark Alliance for Development (SCAD) Air Force (PAF) facilities and community facilities. that calls for the alignment of long-term development goals of the Subic and Clark economic zones.

1999 2001 2003 2005 2007

WORLD-CLASS THUNDERBIRD HOTEL 1998 2000 2002 2004 2006 LOCATES AT PORO POINT Thunderbird Hotels and Resorts, Inc. signs lease JPDC SPLITS INTO PPMC agreement for the development of the 65-hectare AND JHMC BCDA SELLS PRIME Poro Point tourism estate. The agreement will JPDC is split into Poro Point pave the way for the construction of a five-star PROPERTIES hotel, nine-hole golf course, and other leisure and Management Corporation (PPMC) BCDA sells prime properties—Bonifacio and John Hay Management recreation facilities that will boost tourism in the South Lots 4 and 5 to Century region. Corporation (JHMC) by virtue of Properties, Inc. for Php200 million, EO 132. Camp Bago Bantay to Bellevue BCDA RECOVERS 35.5-HECTARE Properties for Php646 million, and UPS OPERATES IN CLARK SRDP to Megaworld Corporation for JUSMAG AREA United Parcel Service (UPS) starts Php487 million, all in the first quarter. BCDA recovers 35.5-hectare JUSMAG area in operations in Clark with an Fort Bonifacio following Supreme Court reversal investment of USD300 million. BCDA REMITS PHP639 MILLION of a Court of Appeals (CA) decision which earlier BCDA AWARDS SCTEX CONTRACTS ruled in favor of the Southside Homeowners CREATION OF HOUSING BCDA LEASES 9.8 HECTARES BCDA LEASES BCDA TURNS OVER 96.08 FOR THE AFP Association Inc.’s (SHAI) claim as area owners. COMMUNITIES TO AYALA INSTITUTIONAL AREA BCDA awards contracts for the BCDA turns over Php639 million to BCDA TURNS OVER REPLICATED This prime property is located at the back of BCDA creates holistic communities to serve BCDA makes another landmark deal for BCDA leases the Institutional Area in HECTARES TO HUDCC construction of SCTEX, consisting of the National Treasury for the account FACILITIES TO PAF BCDA turns over 96.08 hectares of Forbes Park. the needs of those displaced by its various the 25-year lease of a 9.8-hectare lot in BGC to the British School Manila and Package 1 (Subic to Clark) and Package 2 of the modernization program of the In October 2006, BCDA turns over to the land and housing projects for (Clark to Tarlac) to the consortium development projects such as the 2,880-unit the BGC to Ayala Land, Inc. (ALI) which International School Manila. Each AFP, bringing to Php16 billion the total PAF the first batch of replicated military JHMC, PEZA SIGN RA; DESIGNATE socialized housing to the Housing of the Kajima-Obayashi-JFE Engineering- remittance for the AFP Modernization Diego Silang Village, the 1,140-unit Philippine will subsequently be the site of Market! property is expected to yield total lease facilities in Villamor Air Base worth Php59.72 JHSEZ AS SPECIAL TOURISM Centennial Village, the 8.7-hectare Project Market! This generates a fixed lease of revenues of Php500 million and and Urban Development Mitsubishi Heavy Industries Co. Ltd (KOJM) Program and replication of military Coordinating Council (HUDCC) by million. These include a two-storey Transient ECONOMIC ZONE Dreamland in Taguig, the 50-hectare Philippine Php117 million a year and a variable Php927 million, respectively, for 25 and the Hazama-Taisei-Nippon Steel (HTN), facilities. Officers Quarters, three 3-storey Transient virtue of EO 70, as amended by EO JHMC signs a Registration Agreement with the Army Village in Capas, Tarlac, and the lease payment of 10% of gross revenues years. respectively; SCTEX civil works cost of Airmen’s Dormitory, and a 3-storey Women’s 465. Philippine Economic Zone Authority (PEZA), replication of the five-storey, 200-bed Philippine that is expected to reach Php3.68 billion Php21 billion is approved by the National MARKET! MARKET! OPENS Auxiliary Corps Dormitory. Army Hospital in Fort Bonifacio. BCDA also in 10 years. ALI pays an advance of Economic Development Authority (NEDA). BGC’s first mega-retail following the issuance of Proclamation No. 1191 COMPLETION OF SAMPAGUITA which created and designated the JHSEZ as a establishes Task Force Hanapbuhay to provide Php700 million. EAST ON AND OFF RAMPS center—Market! Market!—opens in BCDA INSTALLS GIANT livelihood assistance to relocated families. CL DEVELOPMENT SUMMIT September. Special Tourism Economic Zone in the City of BCDA completes the Sampaguita East STEEL BEAMS AT THE SCTEX; Baguio. On and Off Ramps. These two road ON GLOBAL GATEWAYS TOCB BREAKS GROUND COMPLETION OF PASSENGER connections provide access to and BCDA holds the Central Luzon Development Summit on the Global BCDA installs the first pair of giant steel beams BCDA, FBDC, ALI-CAMPOS GROUP, TERMINAL AT CRK from BGC and C-5 Road. for the Pasig-Potrero Bridge on June 30; and In June 1998, the Php95-million interim Gateways Development Program on TAGUIG MAP OUT MASTER March 10. the first steel girder of the Sacobia-Bamban DEVELOPMENT PLAN FOR BGC passenger terminal of the CRK is completed. It BCDA RECEIVES USD3.3 Bridge, the longest bridge of the SCTEX, on BCDA, FBDC, ALI-Campos Group, and the City of can accommodate up to 350 passengers per July 3. The Toll Operations Center Building MILLION FOR VOA LEASE IN Taguig map out a new master development plan hour. BCDA BREAKS GROUND (TOCB) in Mabalacat, Pampanga breaks PPSEFZ that will position BGC as one of Metro Manila’s BCDA receives USD3.3 million for the ON DMIA AND SERENDRA ground on June 9. BCDA TAKES OVER BCDA breaks ground on the Php2-billion most promising developments—“home of lease of the 15-hectare VOA Property passionate minds.” SAN FERNANDO AIRPORT in the PPSEFZ. Diosdado Macapagal International Airport BCDA takes over the airport from the Air (DMIA) Passenger Terminal Expansion Transportation Office (ATO) during President Project in Clark; and the 12-hectare ALI LAUNCHES SERENDRA HUB Fidel Ramos’ visit to La Union in January. Serendra Project in Bonifacio Global City. ALI launches the dining and retail hub of Serendra in October. CFZ YIELDS NEW HUBS MCKINLEY HILL EMPLOYS AYALA TECHNOHUB OPENS BCDA, UP SIGN MOA WITH DEED OF BCDA SIGNS SUPPLEMENTAL BCDA AND MNTC SIGN BUSINESS TO BOOST ECONOMY OVER 20,000 AT JHSEZ CONVEYANCE FOR UP PROFESSIONAL LEASE AGREEMENT WITH OPERATING AGREEMENT The Clark Freeport Zone (CFZ) is now a hub McKinley Hill now employs over 20,000 with Camp John Hay, home to world-class SCHOOLS THUNDERBIRD RESORTS FOR THE SCTEX for budget airlines and global logistics. The investments already reaching USD300 million. accommodations, opens Ayala TechnoHub. BCDA donates a 4,300-square meter lot at the BCDA extends Thunderbird’s 25-year lease at BCDA, builder and owner of the SCTEX, signs CRK is servicing Asian destinations li ke South It is host to McKinley Hill Village and Initial investments by ALI a re projected at Bonifacio Global City Institutional Area to the Korea, Hong Kong, Bangkok, and Singapore. Php356 million; this is expected to reach Poro Point for another 25 years. In return, a Business Operating Agreement with the Cyberpark, headquarters of the Philippine University of the Philippines (UP) for its satellite The global logistics hub by Kuwait and Gulf Chamber of Commerce and Industry, the Php3.9 billion upon full build -out. Thunderbird commits an additional Php1.52 MNTC, and holding companies Metro Pacific Link has a committed investment of at least Grand Venice Mall, and the British and campus, to be called UP Professional Schools. billion for hotel expansion and other real Tollways Corporation and Metro Pacific USD1 billion Korean Embassies. TEXAS INSTRUMENTS OPERATES estate developments in the area. Investments Corporation on July 20, 2011. IN CLARK BCDA GROUP FORGES NEW PLATFORM Under the agreement, MNTC will operate and TOP DEVELOPERS BUILD IN BGC, NEWPORT CITY FULLY OPERATIONAL In April 2009, Texas Instruments (TI) Dallas FOR DEVELOPMENT AIR ASIA STARTS FLIGHTS manage the SCTEX for 33 years while GENERATE OVER PHP70 BILLION Newport City, a Php7.4-billion township announces that TI Clark is already For the first time in the history of BCDA, on AT THE CRK relieving BCDA of the financial burden of IN INVESTMENTS development, now showcases the six-star operational. TI Clark, which is built on an October 24-26, BCDA holds three-day caucus BGC now hosts 77 buildings, with another 56 87-acre area, is TI’s first facility to put CIAC signs a MOA with Air Asia Philippines in paying the Php34-billion debt to the JICA. all-suites Maxims Hotel, the five-star Marriott among leaders of CDC, CIAC, PPMC, JHMC, BTPI, ongoing vertical developments, including the Hotel, Remington Hotel, Resorts World semiconductor assembly, testing, bumping, March 2011 for the establishment of Air Asia’s St. Luke’s Medical Center and six-star Manila Complex, and the Newport City and multi-probe functions under one roof. NLRC, and the BMHI to harmonize processes, hub operations in Clark; its first brand new PHOENIX SEMICONDUCTOR Shangri-La Hotel. The presence of ALI, Cyberpark, home to international cruise line systems and individual business plans in their A320-200 aircraft lands at the airport in CORPORATION OPENS IN CLARK Megaworld, the Rufino-Dupasquier Net operator Star Cruises, Ltd. pursuit of inclusive national development. August. Phoenix Semiconductor Philippines Corp. Group, among other top developers, (PSPC) invests USD700 million in Clark plant. generates over Php70 billion in investments . BCDA INVESTS PHP500 MILLION IN BCDA REMITS PHP2.6 BILLION TO THE BCDA INAUGURATES THE BLESSED It is the only memory chip semiconductor firm SAN FERNANDO AIRPORT UPGRADE NATIONAL TREASURY THREE NEW INTERCHANGES JOHN PAUL II SHRINE AT THE in Southeast Asia. BCDA invests around Php500 million in BCDA brings to Php2.6 billion its total remittance OPEN AT THE SCTEX upgrading San Fernando Airport to BATAAN TECHNOLOGY PARK Three additional interchanges—Porac, Clark accommodate larger aircrafts; Poro Point to the National Treasury for the benefit of the BCDA, BTPI officials, and local government South, and Floridablanca—are completed, Freeport Zone hosts investments f rom National Government’s anti-poverty programs, leaders inaugurate the Blessed John Paul II providing improved accessibility and Thunderbird Resorts amounting government services, and the AFP Modernization Memorial Shrine in May. The site marks the convenience to motorists. The SCTEX to more than Php1.2 billion. Program. place where the blessed pope celebrated features 8 overpasses, 12 interchanges, 54 Mass before 20,000 Cambodian, Vietnamese, underpasses, 4 major bridges; 351 drainage culverts, 30 minor bridges, and Laotian refugees on February 21, 1981. and 14 toll plazas.

2009 2011

BCDA LAUNCHES NEW HERITAGE 2008 2010 PARK PRODUCTS BCDA launches in March new memorial 2012 products such as the Pavilion BCDA STARTS MASTER PLANNING Terraces and Church Terraces, headstone FOR THE CLARK GREEN CITY lots and new inventories of columbary PROJECT niches. Aggregate value of new products BCDA starts master planning more than is estimated at Php441.91 million. 9,000 hectares for the Clark Green City Project, envisioned to be a green, BCDA DEVELOPS FORT sustainable and intelligent community, BONIFACIO WAR TUNNEL CFZ IS NAMED MOST COST-EFFECTIVE anchored on the framework of inclusive BCDA announces plans to develop and FREEPORT IN THE WORLD growth. rehabilitate the Fort Bonifacio War fDI magazine, an affiliate of L ondon-based The Tunnel into a Heritage Site. Financial Times Business Group, ranks Clark BCDA PROMOTES TRADE BCDA COMPLETES REPLICATION Freeport Zone (CFZ) as the best (No. 1) BETWEEN TURKEY AND BCDA RELOCATES 277 FAMILIES SCTEX OPENS MEGAWORLD BAGS JUSMAG cost-effective freeport in the world. It also ranks OF HOUSING PROJECT FOR PHILIPPINES ACTIVE SOLDIERS FROM JUSMAG AREA On April 28, 2008, the SCTEX is completed and DEVELOPMENT PROJECT Clark No. 7 in best economic potential under In June, BCDA signs a cooperation starts its commercial operations. The SCTEX On October 18, BCDA in partnership with Informal settlers at the JUSMAG area BCDA disposes 34.5-hectare JUSMAG the Global Free Zones of the future for 2010 agreement with Turkish Confederation reduces travel time within Central and Northern Property in Fort Bonifacio through a joint and 2011. Megaworld Corporation avail of BCDA’s relocation program, of Businessmen and Industrialists Luzon to 4-5 hours instead of the usual 6-8 hours . venture agreement with prominent developer completes and turns over 160 housing considered one of the best programs as it (TUSKON) during the biggest annual trade Megaworld Corporation. Megaworld pays FBDC AND BCDA BREAK GROUND units to members of the AFP as part of the includes a cash incentive for start-up summit held in Istanbul, Turkey. TUSKON TOURISM PROJECTS DEVELOP upfront cash of Php1.2 billion. ON THE FORT BONIFACIO FLYOVER Php700 million JUSMAG Replication capital for livelihood projects; 277 is one of the biggest business AT NEWPORT CITY FBDC and BCDA lead the groundbreaking Program advanced by Megaworld. families relocate to Rodriguez, Rizal. Megaworld brings in foreign investments by FLORIDABLANCA INTERCHANGE ceremony of the Php375-million Fort Flyover. confederations in the world with a net partnering with Genting Berhad G roup to develop OPENS AT THE SCTEX The flyover will serve as an alternate exit to the worth of USD750 billion in conglomerate PPMC, BCDA LAUNCH FIRST MIND MUSEUM AND TURF BGC the recreation component of the Newport City. The SCTEX-Floridablanca Interchange northbound lane of the C -5 Road. investments. officially opens. FESTIVAL OF LIGHTS OPENS AT THE BGC IHG LAUNCHES RESERVATIONS TREE TOP ADVENTURE OPENS IN PORO POINT Mind Museum, the first science museum BCDA RECEIVES FIRST REVENUE As part of a BCDA endeavor to change the of its scale in the Philippines, opens on CENTER IN BAGUIO MNTC BAGS SCTEX O&M BAGUIO RIDES SHARE FOR JUSMAG PROJECT The InterContinental Hotels Group (IHG) formally BCDA awards SCTEX Operations and landscape of Central and Northern March 16. The 12,500-square meter Mind Tree Top Adventure Philippines, which operates BCDA receives its first annual launches its Reservations Center in the John Ha y Maintenance Contract to Manila North adventure rides such as Canopy Ride and Luzon with the celebration of festivals such Museum is the brainchild of the Bonifacio guaranteed revenue share amounting to Special Economic Zone on March 11, 2008. Tollways Corporation (MNTC). Concession Interactive Free Fall, opens in Baguio City. as the Panagbenga in Baguio and the Art Foundation, Inc., composed of Php873.4 million from the 34.5-hectare agreement is signed by BCDA Philippine Hot Air Balloon Fiesta in Clark, representatives of BCDA, Ayala Land, and MNTC. JUSMAG Area Joint Venture project Pampanga, the PPMC with BCDA launches Inc., the Campos Group of Companies, with Megaworld Corporation, as the the first SILLAG: Poro Point Festival of and property owners in BGC. Turf BGC, property was cleared of informal Lights in La Union. which opened February 2, is an occupants during the year. all-weather turf football field produced by the world’s leading artificial turf experts from Limonta, Italy. BCDA, UP SIGN MOA WITH DEED OF BCDA SIGNS SUPPLEMENTAL BCDA AND MNTC SIGN BUSINESS CONVEYANCE FOR UP PROFESSIONAL LEASE AGREEMENT WITH OPERATING AGREEMENT SCHOOLS THUNDERBIRD RESORTS FOR THE SCTEX BCDA donates a 4,300-square meter lot at the BCDA extends Thunderbird’s 25-year lease at BCDA, builder and owner of the SCTEX, signs Bonifacio Global City Institutional Area to the Poro Point for another 25 years. In return, a Business Operating Agreement with the University of the Philippines (UP) for its satellite Thunderbird commits an additional Php1.52 MNTC, and holding companies Metro Pacific campus, to be called UP Professional Schools. billion for hotel expansion and other real Tollways Corporation and Metro Pacific estate developments in the area. Investments Corporation on July 20, 2011. BCDA GROUP FORGES NEW PLATFORM Under the agreement, MNTC will operate and FOR DEVELOPMENT AIR ASIA STARTS FLIGHTS manage the SCTEX for 33 years while For the first time in the history of BCDA, on AT THE CRK relieving BCDA of the financial burden of October 24-26, BCDA holds three-day caucus CIAC signs a MOA with Air Asia Philippines in paying the Php34-billion debt to the JICA. among leaders of CDC, CIAC, PPMC, JHMC, BTPI, March 2011 for the establishment of Air Asia’s NLRC, and the BMHI to harmonize processes, hub operations in Clark; its first brand new PHOENIX SEMICONDUCTOR systems and individual business plans in their A320-200 aircraft lands at the airport in CORPORATION OPENS IN CLARK pursuit of inclusive national development. August. Phoenix Semiconductor Philippines Corp. (PSPC) invests USD700 million in Clark plant. BCDA REMITS PHP2.6 BILLION TO THE BCDA INAUGURATES THE BLESSED It is the only memory chip semiconductor firm NATIONAL TREASURY JOHN PAUL II SHRINE AT THE in Southeast Asia. BCDA brings to Php2.6 billion its total remittance BATAAN TECHNOLOGY PARK to the National Treasury for the benefit of the BCDA, BTPI officials, and local government National Government’s anti-poverty programs, leaders inaugurate the Blessed John Paul II government services, and the AFP Modernization Memorial Shrine in May. The site marks the Program. place where the blessed pope celebrated Mass before 20,000 Cambodian, Vietnamese, and Laotian refugees on February 21, 1981.

2011

BCDA LAUNCHES NEW HERITAGE PARK PRODUCTS BCDA launches in March new memorial 2012 products such as the Pavilion BCDA STARTS MASTER PLANNING Terraces and Church Terraces, headstone FOR THE CLARK GREEN CITY lots and new inventories of columbary PROJECT niches. Aggregate value of new products BCDA starts master planning more than is estimated at Php441.91 million. 9,000 hectares for the Clark Green City Project, envisioned to be a green, BCDA DEVELOPS FORT sustainable and intelligent community, BONIFACIO WAR TUNNEL anchored on the framework of inclusive BCDA announces plans to develop and growth. rehabilitate the Fort Bonifacio War Tunnel into a Heritage Site. BCDA PROMOTES TRADE BCDA COMPLETES REPLICATION BETWEEN TURKEY AND OF HOUSING PROJECT FOR BCDA RELOCATES 277 FAMILIES PHILIPPINES ACTIVE SOLDIERS FROM JUSMAG AREA In June, BCDA signs a cooperation On October 18, BCDA in partnership with Informal settlers at the JUSMAG area agreement with Turkish Confederation Megaworld Corporation avail of BCDA’s relocation program, of Businessmen and Industrialists completes and turns over 160 housing considered one of the best programs as it (TUSKON) during the biggest annual trade units to members of the AFP as part of the includes a cash incentive for start-up summit held in Istanbul, Turkey. TUSKON Php700 million JUSMAG Replication capital for livelihood projects; 277 is one of the biggest business Program advanced by Megaworld. families relocate to Rodriguez, Rizal. confederations in the world with a net worth of USD750 billion in conglomerate PPMC, BCDA LAUNCH FIRST MIND MUSEUM AND TURF BGC investments. FESTIVAL OF LIGHTS OPENS AT THE BGC IN PORO POINT Mind Museum, the first science museum BCDA RECEIVES FIRST REVENUE As part of a BCDA endeavor to change the of its scale in the Philippines, opens on SHARE FOR JUSMAG PROJECT landscape of Central and Northern March 16. The 12,500-square meter Mind BCDA receives its first annual Luzon with the celebration of festivals such Museum is the brainchild of the Bonifacio guaranteed revenue share amounting to as the Panagbenga in Baguio and the Art Foundation, Inc., composed of Php873.4 million from the 34.5-hectare Philippine Hot Air Balloon Fiesta in Clark, representatives of BCDA, Ayala Land, JUSMAG Area Joint Venture project Pampanga, the PPMC with BCDA launches Inc., the Campos Group of Companies, with Megaworld Corporation, as the the first SILLAG: Poro Point Festival of and property owners in BGC. Turf BGC, property was cleared of informal Lights in La Union. which opened February 2, is an occupants during the year. all-weather turf football field produced by the world’s leading artificial turf experts from Limonta, Italy. FILINVEST RECEIVES RIGHTS TO DEVELOP power, transportation, tollways, industrial zones and BCDA TURNS OVER SCTEX TO MNTC BCDA, TIEZA, NHCP AND AECOM WINS COMPETITION FOR THE MASTER PROPERTY IN CLARK GREEN CITY economic centers in Clark Green City are expected President Benigno S. Aquino III approves the NATIONAL MUSEUM SIGN MOA PLAN DEVELOPMENT OF CLARK GREEN CIT Y Property developer giant Filinvest Land Inc., is to come. Supplemental Toll Operations Agreement TO PRESERVE THE BONIFACIO In the first of two international competitions launched by awarded the right to become BCDA’s joint venture (STOA) for the SCTEX among BCDA, Manila WAR TUNNEL BCDA in 2015, AECOM—the world's leading master partner in the development of a 288-hectare property BCDA, VIVAPOLIS FRANCE SIGN MOU North Tollways Corporation (MNTC), and the BCDA signs a MOA with the Tourism planning firm—wins the BCDA-initiated open competition within the emerging metropolis. The partnership will FOR THE DEVELOPMENT OF CLARK Toll Regulatory Board (TRB) on October 16, Infrastructure and Enterprise Zone for the best optimized design of the Clark G reen City be in the form of a Joint Venture Corporation (JVC) to GREEN CITY 2015 for the SCTEX. The approval of the STOA Authority (TIEZA), National Historical Conceptual Master Development Plan. be owned 45% by BCDA and 55% by Filinvest. An MOU between BCDA and Vivapolis France is formally grants MNTC the concession to Commission of the Philippines (NHCP), signed to foster technical cooperation in the manage, operate and maintain the SCTEX for and the National Museum to preserve 1/0 DESIGN COLLECTIVE WINS MIXE D-INCOME BCDA, UP SIGN MOU TO BUILD UP-CLARK development of Clark Green City. The cooperation the next 28 years until October 30, 2043. BCDA the Bonifacio War Tunnel as a historical PPFZ MASTER PLAN COMPLETED HOUSING DESIGN COMPETITION GREEN CITY CAMPUS will promote sustainability, innovation, disaster formally turned over the SCTEX to the MNTC on structure and develop it into a tourism In 2013, PPMC completes the master The second competition is an international m ixed-income UP signs a MOU with BCDA for the establishment of a resiliency, enterprise development and a host of November 5. site that complements Fort Bonifacio’s plan for PPFZ with the concept of “live, housing design competition dubbed "B.A .L.E. or Building UP campus on a 70-hectare area in Clark Green City. other technological expertise, including finding rich historical heritage. work, and play.” Accessible and Livable Ecologies. The winning design by financial solutions for any of Clark Green City‘s CLARK HOSTS FIRST APEC-SOM 1/0 Design Collective, which stands for the attainment of BCDA, DPWH BEGIN CONSTRUCTION OF projects. The CFZ hosts the first Asia Pacific Economic NINE CAMPS IDENTIFIED FOR SCTEX SURPASSES YEARLY quality of life, as it is both innovative and inclusive, will be ACCESS ROADS TO CLARK GREEN CITY Cooperation (APEC) Senior Officials’ Meeting MASTER PLANNING PHP1-BILLION REVENUES implemented in Clark Green City. The BCDA, together with the DPWH, starts building BCDA, M HEALTH LIMITED BEGIN STUDY (SOM) on January 26 to February 7, 2015, in The DND-AFP identifies nine camps for Yearly revenues from SCTEX surpass a the main access roads leading to Clark Green OF SOCIAL HEALTH IN CLARK GREEN preparation for the APEC Leaders’ meeting master planning. These camps cover billion pesos for the first time. BCDA, PAG-IBIG FUND SIGN MOU FOR THE City—the MacArthur Access Road and the CITY scheduled in November. more than 125,000 hectares combined, DEVELOPMENT OF HOUSING UNITS IN CLARK Clark-Bamban-Capas Access Road Projects. BCDA sign an MOU with UK-based firm M Health a massive landholding, the disposition GREEN CITY Limited to conduct a study that will incorporate PPMC LAUNCHES PORO POINT and development of which can swell The BCDA and Home Development Mutual Fund BCDA, SPI SIGN AGREEMENT TO BUILD social health in the development of a 160-hectare BAYWALK PROJECT the funding of the AFP ’s modernization (Pag-IBIG Fund) forge a partnership to build some 2,000 SOLAR POWER FACILITY IN CLARK GREEN area in Clark Green City. The development will be The 1.3-kilometer Poro Point Baywalk efforts as well as energize development housing units in Clark Green City . The MOU signed by the CITY mainly residential, combined with retail, leisure, Project—an initiative of PPMC, in partnership all over the country. BCDA and Pag-IBIG Fund will allow the BCDA to develop BCDA signs an agreement with Sunray Power �� educational and other community facilities. with the Provincial Government of La Union—is a suitable and affordable mixed-income housing project for Inc. (SPI) for the lease of a 260-hectare area in Clark formally launched as one of the highlights during the future minimum wage earners employed in Clark Green City where an Php11.8-billion 100-megawatt THE SUPREME COURT BREAKS GROUND the annual SILLAG Festival of Lights. Green City. solar power facility will be built within two years. ON NEW BUILDING The Supreme Court of the Philippines breaks BCDA AND JOIN TEAM UP ground on its new building within the Fort TO DEVELOP NEW CLARK CITY Bonifacio property breaks ground. The ceremony is The Government of Japan (GOJ), through the Japan led by President Benigno Aquino III and Chief Overseas Infrastructure Investment Corporation for Justice Maria Lourdes Sereno. The 21,463-square Transport and Urban Development (JOIN), forge an meter property was purchased by the Supreme agreement with BCDA to help the Aquino Court through the Department of Budget and Administration develop and build Clark Green City as a major economic center in the ASEAN bloc. With Management (DBM) at a cost of Php1.28 billion JOIN on board, multiple joint venture partnerships from BCDA. that will serve as a vehicle for the formation of 2013 2015 Japanese consortium and investments in the field of

2016 2014 NEDA BOARD APPROVES CGC BCDA, DPWH SIGN MOA FOR THE Limited Sirketi, and Isabela Power Technologies Philippines, Inc. for the Safe MASTER DEVELOPMENT PLAN CONSTRUCTION OF ACCESS ROADS Corporation—for the long-term lease of Camp City Solutions of New Clark City; The Master Development Plan on the IN CLARK GREEN CITY John Hay Mini-Hydro Power Plant. This is for Memorandum of Cooperation (MOC) with then-Clark Green City is approved by the A separate MOA is forged with the DPWH on the reconstruction, operation and maintenance JOIN for the Development Management NEDA Board—chaired by then President July 25 for the construction of Clark G reen of the 38-hectare BCDA property, which is Framework of New Clark City, and an Benigno Aquino III—on May 29, paving City’s primary access roads that will link it to projected to generate an estimated 3 MOU with Hitachi Asia Ltd. and the Power the way for the full implementation of the the Clark Freeport Zone and other major road megawatts of renewable and clean energy. Grid Solution Ltd. for the establishment of project. In addition, Clark G reen City networks in Central Luzon . New Clark City’s energy management garners the support of House of CLARK GREEN CITY BREAKS GROUND system, district cooling system, energy Representatives by way of House BCDA APPROVES DEVELOPMENT The groundbreaking ceremony of Clark Green storage and distributed energy resources, Resolution No. 944 passed by the House PROJECTS IN BGC WITH City is held on April 11, signalling the transition and total energy network system. Oversight Committee on Bases MEGAWORLD from vision to reality of the country’s first Conversion. BCDA approves two more project modern city. BCDA AWARDS DEED OF implementation plans with Megaworld for the BCDA, MITSUBISHI SIGN MOU TO 8.38-hectare North Bonifacio lots and the BCDA, FILINVEST SIGN 50-YEAR JOINT LAUNCH OF BUILD BUILD BUILD OCCUPANCY TO UP COLLEGE STUDY POWER DISTRIBUTION PROGRAM OF LAW 34.5-hectare JUSMAG area, or a total of 42.88 VENTURE AGREEMENT AND RENEWABLE ENERGY IN hectares. The North Bonifacio property is now Build Build Build (BBB), the most ambitious On August 22, BCDA awards a Deed Filinvest and BCDA sign a 50-year joint venture CLARK GREEN CITY being developed by Megaworld as Uptown infrastructure plan in the Philippine history, is of Occupancy for the UP College of Law to agreement in the first part of 2016. This marks the BCDA enters into a Memorandum of Bonifacio, with the company committing launched through a press conference in enable the school to pursue its UP Diliman beginning of development on a 288-hectare area Understanding with Japan’s Mitsubishi Php15.6 billion over 20 years to develop, November. The plan listed big-ticket projects Extension Program in Pampanga. within the Clark Green City, along with the Heavy Industries for the preparation of while the bigger JUSMAG property has been remittance to BCDA of Php160 million from that will decongest urban centers. Clark Green feasibility studies for power distribution designated as McKinley West with an Filinvest for development rights. City is renamed New Clark City during the BCDA TURNS OVER MANAGEMENT and renewable energy at Clark Green City. launch. OF EAST AND WEST RAMPS IN BGC investment commitment of Php22 billion over The MOU is signed on April 3 . 25 years. BCDA, JHMC, AND TURKISH COMPANY TO DPWH BCDA PARTNERS WITH On October 9, BCDA turns over to the SIGN CONTRACT FOR THE LONG-TERM PPP CENTER, UP, AND BCDA INK LAUNCH OF SUNDALO KO, LEASE OF JOHN HAY MINI-HYDRO INTERNATIONAL GROUPS FOR CLARK DPWH the management and maintenance PARTNERSHIP FOR CLARK GREEN BAYANI KO PROJECT PROJECTS of the Php122-million Sampaguita East POWER PLANT CITY PROJECTS On March 22, the Sundalo Ko, Bayani Ko The last quarter of 2016 saw BCDA signing Ramp and the Php254-million West Ramp. In March 2016, the JHMC and BCDA sign a The Public-Private Partnership (PPP) (SKBK) project is launched. The SKBK MOUs with China Communication The two ramps were constructed by BCDA contract with Riverflow Ventures and Power Center signs on May 13 to build a F ood is a joint CSR Project between BCDA and its Construction Co. Ltd.’s subsidiaries for the and FBDC as part of road right-of-way in Energy Corporation—the consortium of a Turkish Processing Terminal inside Clark Green private partners—FBDC, ALI, and Station Subic-Clark Cargo Railway project and the the highly urbanized BGC. company, Vendeka Bilgi Teknolojileri Ticaret City. Meanwhile, UP officially becomes Square East Commercial Corporation—for the BGC-NAIA BRT system; CFLD (Singapore) Clark Green City’s first locator when it benefit of the AFP. Investment PTE Ltd. for real estate signs a separate MOU with BCDA for the development in New Clark City; Huawei establishment of its new global campus in the emerging metropolis. FILINVEST RECEIVES RIGHTS TO DEVELOP power, transportation, tollways, industrial zones and BCDA TURNS OVER SCTEX TO MNTC PROPERTY IN CLARK GREEN CITY economic centers in Clark Green City are expected President Benigno S. Aquino III approves the Property developer giant Filinvest Land Inc., is to come. Supplemental Toll Operations Agreement awarded the right to become BCDA’s joint venture (STOA) for the SCTEX among BCDA, Manila partner in the development of a 288-hectare property BCDA, VIVAPOLIS FRANCE SIGN MOU North Tollways Corporation (MNTC), and the within the emerging metropolis. The partnership will FOR THE DEVELOPMENT OF CLARK Toll Regulatory Board (TRB) on October 16, be in the form of a Joint Venture Corporation (JVC) to GREEN CITY 2015 for the SCTEX. The approval of the STOA be owned 45% by BCDA and 55% by Filinvest. An MOU between BCDA and Vivapolis France is formally grants MNTC the concession to signed to foster technical cooperation in the manage, operate and maintain the SCTEX for BCDA, UP SIGN MOU TO BUILD UP-CLARK development of Clark Green City. The cooperation the next 28 years until October 30, 2043. BCDA GREEN CITY CAMPUS will promote sustainability, innovation, disaster formally turned over the SCTEX to the MNTC on UP signs a MOU with BCDA for the establishment of a resiliency, enterprise development and a host of November 5. UP campus on a 70-hectare area in Clark Green City. other technological expertise, including finding financial solutions for any of Clark Green City‘s CLARK HOSTS FIRST APEC-SOM BCDA, DPWH BEGIN CONSTRUCTION OF projects. The CFZ hosts the first Asia Pacific Economic ACCESS ROADS TO CLARK GREEN CITY Cooperation (APEC) Senior Officials’ Meeting The BCDA, together with the DPWH, starts building BCDA, M HEALTH LIMITED BEGIN STUDY (SOM) on January 26 to February 7, 2015, in the main access roads leading to Clark Green OF SOCIAL HEALTH IN CLARK GREEN preparation for the APEC Leaders’ meeting City—the MacArthur Access Road and the CITY scheduled in November. Clark-Bamban-Capas Access Road Projects. BCDA sign an MOU with UK-based firm M Health Limited to conduct a study that will incorporate PPMC LAUNCHES PORO POINT BCDA, SPI SIGN AGREEMENT TO BUILD social health in the development of a 160-hectare BAYWALK PROJECT SOLAR POWER FACILITY IN CLARK GREEN area in Clark Green City. The development will be The 1.3-kilometer Poro Point Baywalk CITY mainly residential, combined with retail, leisure, Project—an initiative of PPMC, in partnership BCDA signs an agreement with Sunray Power �� educational and other community facilities. with the Provincial Government of La Union—is Inc. (SPI) for the lease of a 260-hectare area in Clark formally launched as one of the highlights during Green City where an Php11.8-billion 100-megawatt THE SUPREME COURT BREAKS GROUND the annual SILLAG Festival of Lights. solar power facility will be built within two years. ON NEW BUILDING The Supreme Court of the Philippines breaks BCDA AND JOIN TEAM UP ground on its new building within the Fort TO DEVELOP NEW CLARK CITY Bonifacio property breaks ground. The ceremony is The Government of Japan (GOJ), through the Japan led by President Benigno Aquino III and Chief Overseas Infrastructure Investment Corporation for Justice Maria Lourdes Sereno. The 21,463-square Transport and Urban Development (JOIN), forge an meter property was purchased by the Supreme agreement with BCDA to help the Aquino Court through the Department of Budget and Administration develop and build Clark Green City as a major economic center in the ASEAN bloc. With Management (DBM) at a cost of Php1.28 billion JOIN on board, multiple joint venture partnerships from BCDA. that will serve as a vehicle for the formation of Japanese consortium and investments in the field of

2016 Limited Sirketi, and Isabela Power Technologies Philippines, Inc. for the Safe Corporation—for the long-term lease of Camp City Solutions of New Clark City; John Hay Mini-Hydro Power Plant. This is for Memorandum of Cooperation (MOC) with the reconstruction, operation and maintenance JOIN for the Development Management of the 38-hectare BCDA property, which is Framework of New Clark City, and an projected to generate an estimated 3 MOU with Hitachi Asia Ltd. and the Power megawatts of renewable and clean energy. Grid Solution Ltd. for the establishment of New Clark City’s energy management CLARK GREEN CITY BREAKS GROUND system, district cooling system, energy The groundbreaking ceremony of Clark Green storage and distributed energy resources, City is held on April 11, signalling the transition and total energy network system. from vision to reality of the country’s first modern city.

BCDA, FILINVEST SIGN 50-YEAR JOINT LAUNCH OF BUILD BUILD BUILD VENTURE AGREEMENT PROGRAM Filinvest and BCDA sign a 50-year joint venture Build Build Build (BBB), the most ambitious agreement in the first part of 2016. This marks the infrastructure plan in the Philippine history, is beginning of development on a 288-hectare area launched through a press conference in within the Clark Green City, along with the November. The plan listed big-ticket projects remittance to BCDA of Php160 million from that will decongest urban centers. Clark Green Filinvest for development rights. City is renamed New Clark City during the launch. BCDA, JHMC, AND TURKISH COMPANY SIGN CONTRACT FOR THE LONG-TERM BCDA PARTNERS WITH LEASE OF JOHN HAY MINI-HYDRO INTERNATIONAL GROUPS FOR CLARK POWER PLANT PROJECTS In March 2016, the JHMC and BCDA sign a The last quarter of 2016 saw BCDA signing contract with Riverflow Ventures and Power MOUs with China Communication Energy Corporation—the consortium of a Turkish Construction Co. Ltd.’s subsidiaries for the company, Vendeka Bilgi Teknolojileri Ticaret Subic-Clark Cargo Railway project and the BGC-NAIA BRT system; CFLD (Singapore) Investment PTE Ltd. for real estate development in New Clark City; Huawei 2017 ANNUAL REPORT

A Story of Service

54 25 YEARS OF BCDA: A STORY OF SRVICE STORIES THAT REDEFINED THE NATION

Serving the Military and the Communities BCDA President and Chief Executive Officer Vivencio Dizon says that the organization has always recognized the AFP as its primary stakeholder throughout its years of service. The difference now is that they are exerting as much effort in telling our country’s soldiers what the BCDA does for them, and letting them feel it.

This AFP Forum at the Civil Military Operations School was one of 15 conducted in 2017.

“In the past, our relationship wasn’t so good stakeholder. You have to change their cities,” is prominently displayed like a daily because communication was a problem,” mindset,” he explains. mantra on their AFP Tribute Wall. Dizon admits. The BCDA was even seen as an adversary or worse, land grabber. The BCDA is primarily tasked to convert “It’s all about communicating that former U.S. military bases into productive to the Armed Forces. And when you He recalls it’s one of the first things uses. In 2017, the agency remitted a record communicate that, you have to show it to he said on the job when faced with an Php6 billion to the Bureau of Treasury them in action,” he adds. “They can’t just audience of BCDA stakeholders. You feel (BTr). be words on the wall. You have to show badly—I get that, he remembers telling them.” them. “Kailangan natin baguhin ‘yon BCDA remitted Php8.2 billion to the (We need to change that).” BTr as the share of the AFP, its major He points to their ongoing partnership stakeholder, during the first two years of with St. Luke’s Medical Center—in which Establishing a Stakeholder the Duterte administration. The amount the BCDA shoulders the treatment of represents 20% of the total Php40 billion Marawi battle casualties in one of the Engagement Program for the received by the men and women in uniform country’s best hospitals—as something military from BCDA since the state-run agency was that has never been done before. The created in 1992. initiative exemplifies their message that the As of end-2017, BCDA conducted 15 military is front and center, as the BCDA regular forums for the Armed Forces to “What we’re doing now is just upping the promises. boost awareness of programs and activities ante in terms of giving the Armed Forces the mainly benefiting the uniformed services— importance it really deserves,” says Dizon. Emphasizing service to stakeholders— which, Dizon notes, is one of the major especially to recent casualties of the functions of BCDA as a government entity. At the lobby of the BCDA Executive Marawi siege who received immediate Offices, the mission, “We help strengthen medical assistance through the BCDA— “You need to have a closer engagement our Armed Forces, while we build great has helped to uplift the agency’s image. with your number one partner and

55 2017 ANNUAL REPORT

“We are an organization that has soul,” BCDA also held activities as part of adds retired Brig. Gen. Carlos Quita, its participation in PCW’s “VAW-Free BCDA vice president for corporate services. Community Starts with Me” program—an He considers the BCDA’s contributions 18-day Campaign to End Violence Against to go beyond money or modernization. Women (VAW). A series of anti-sexual Income generation is balanced with service harassment talks for BCDA directors, delivery. “We help dignify the soldiers. In a officers, and rank-and-file employees was way, we pay tribute to them for their heroic also held in August and December 2017. deeds,” he explains. In coordination with the Taguig City Local Government and the Department More than contributing to the of Social Welfare and Development modernization of the Armed Forces, 2017 (DSWD), BCDA held an outreach project also showed BCDA’s genuine care for for the Taguig City street children who the military troops who were deployed are the most vulnerable sector in the VAW in Mindanao due to the Marawi siege campaign. by donating 2,000 hygiene kits to the Philippine Army Civil Military Operations BCDA, in collaboration with the Fort Regiment (CMOR) in support of their Bonifacio Development Corporation project dubbed “Project Shoebox.” Personal (FBDC), has also opened the Bonifacio care supplies with individual hand-written Technology Center Lactation Station in notes of encouragement were prepared by support of breastfeeding mothers in the BCDA employees and officers in support workplace. of our brave men and women in uniform during the time of war. Fostering relationships Caring for women in the labor force In 2017, Jollibee Foods Corporation, through its 1,000th store located in The organization doesn’t just cater to the Bonifacio Global City—a former military military but also looks after the welfare camp—has donated gift certificates for of its officers and employees. There is the stakeholders of BCDA in support of equal attention devoted to developing BCDA’s corporate social responsibility technical capacity through workshops and (CSR) programs. training activities, as well as Gender and Development (GAD) initiatives—including The military and the project-affected people orientations on sexual harassment and (PAP) within the vicinity of New Clark City customizing office designs to accommodate were the beneficiaries of CSR initiatives. A the needs of mothers. food sharing activity was held on December 1 15, 2017, for at least 100 soldiers wounded Quita proudly highlights that in 2017, in Marawi who were confined in the AFP BCDA was more proactive in its GAD- Medical Center, also known as the V. Luna related initiatives, such as the Serbisyo General Hospital, in Quezon City. BCDA Para Kay Juana: A 30-minute free massage also shared Jollibee treats with the Aeta session for BCDA employees. Organized community residing in Sitio Tangkilan in by the BCDA GAD Focal Point System Brgy. Aranguen, Capas, Tarlac, and those in (GFPS) Committee in accordance to the Brgy. Madapdap in Mabalacat, Pampanga program of Philippine Commission on on December 19, 2017. Women (PCW), persons with disabilities (PWDs) or visually impaired masseuses Aileen Anunciacion Zosa, BCDA executive were invited to BCDA’s corporate office to vice president, asserts that for BCDA, give its employees free massage service. purpose is as important as profit. She likens their new direction to storytelling. “The Further, BCDA actively participated roads, utilities, New Clark City, all these in PCW’s National Women’s Month that we are building—why are we doing all these?” she explains. “We’re not just doing Celebration (NWMC)—an annual event 2 held every March. For 2017, BCDA infrastructure because we like it. We have conducted a medical mission for the senior a new city because it will make the lives citizens of Barangay O’Donell in Tarlac of Filipinos better, and give them a higher City. The said activity also served as an quality of life.” information campaign to help promote the PCW’s program on women empowerment “At the end of the day, it’s for people,” Zosa as well as the celebration of Women’s emphasizes. “That’s our story.” Month.

56 25 YEARS OF BCDA: A STORY OF SRVICE STORIES THAT REDEFINED THE NATION

1. BCDA officers and employees volunteer to pack 2,000 shoeboxes filled with hygiene kits for the military troops in Marawi City through the Project Shoebox.

2. Wounded soldiers are given Jollibee treats during one of the outreach programs of BCDA for the AFP.

3. BCDA reaches out to its Project Affected People (PAP) through a community program in Capas, Tarlac.

4. BCDA holds an AFP Forum with the Philippine Air Force in Clark Freeport Zone, Pampanga.

5. BCDA, in partnership with FBDC, officially opened Bonifacio Technology Center’s Lactation Station catering to breastfeeding working moms in the building.

57 2017 ANNUAL REPORT

GUARDIANS OF GOVERNANCE: BCDA Builds on Best Practices

BCDA’s fresh approach to corporate governance appears to take its cue from how President Duterte runs the country.

BCDA President and CEO Vivencio Dizon BCDA Vice President for Corporate recalls that after a lengthy presentation “As we go along, we Services and BAC Chair for Goods retired on New Clark City in Malacañang, the try to improve and Brig. Gen. Carlos Quita understands President asked him only two questions: there are also challenges for individual “When do you start?” and “When do you tweak according compliance to their core principles of do finish?” excellence, integrity, and stewardship. to our experience, “That’s the kind of leader we have. I “There is fear—how to overcome the think that’s what BCDA and all the other requirements, and fear of retribution from your superiors, agencies have to do. We have to ensure that for example, especially when it comes to things are done transparently and above timetable.” whistleblowing,” he says. He adds there board, and we have to get things done. The can also be pressure in lapsing into bias President hates it when people suffer, from or favor during the bidding process. Quita lack of mass transport, the airport delays, The JV guidelines serve as a tool in says that observance of standards and and all these daily things people go through. streamlining processes without conceding practices by BCDA leadership, as well as That’s why he wants to get things done the transparency and competition constant refinements in policies to sustain quickly,” explains Dizon. warranted by government to get the most relevance, can help empower the individual advantageous terms. to take a stand. BCDA adopts the straightforward strategy in their approach to New Clark City. Zosa also offers procurement knowledge “Integrity is standing by your principles, and practices that BCDA applies. “The even under pressure. You remain intact. Crucial to BCDA’s enhanced efficiency best way to get the most benefits out of That’s the exact definition of integrity. is capacity. In 2017, they crafted their procurement is to make sure you are ready If you get swayed, then it means you own joint venture (JV) guidelines, which to procure before you go out to market,” cracked—and that’s dangerous,” he were approved by the Board and given she adds. “Especially for big projects, explains. “I give emphasis on creating a favorable opinion by the Office of the one of our learnings as BAC chair is that an organization culture that embodies Government Corporate Counsel. a good design can never substitute for a all these core values and leading by design-and-build model. Do the design example.” “Of course, those JV guidelines are first and use that as basis for bidding out evolving,” explains Aileen Anunciacion construction and procurement.” At the BCDA, competence as well as Zosa, executive vice president and Bids character are improved through regular and Awards Committee (BAC) chair for She shares that contrary to common training activities and workshops. The Infrastructure. “As we go along, we try practice, pre-procurement conferences agency has also developed an innovative to improve and tweak according to our before publishing are valued at BCDA. human resources information system that experience, requirements, and timetable.” has automated transactions on salaries “That’s where you go through a checklist and bonuses to benefit personnel, and This is again in sync with President of requirements. That’s how you ensure tracks relevant data, such as number of Duterte’s philosophy in the administration’s balance and foster competition among trainings attended, for management to Build Build Build program, which is strictly bidders,” says Zosa. systematically enable decision-making on time-bound. its employees. BCDA also advocates multidisciplinary “You cannot just stop at the plans. What’s teams. “As BAC chair, you should look out With these efforts, the BCDA is not only important is that you execute and complete for four things: experience or track record, on its way to building great cities, but also the project because the public demands it qualifications of the personnel, equipment harnessing good people. and clamors for it,” says Zosa. for infrastructure, and financing,” she says.

5858 25 YEARS OF BCDA: STORIES THAT REDEFINED THE NATION

Yes, the government can. The Clark International Airport VIP Lounge—a product of fast but competitive and transparent bidding in compliance to the government’s procurement law, Republic Act No. 9184.

59 2017 ANNUAL REPORT

CORPORATE GOVERNANCE

The BCDA is committed to good governance development of BCDA’s Code of Conduct, 2. Compliance with Principles on practices while pursuing its mandate to Integrity Policy, Whistleblowing Policy, and develop former military bases and Metro No Gift Policy. Sustainable Development

Manila camps into centers of productive In the development of each master commercial use for the benefit of the country, a. BCDA Code of Conduct planned community and in the the Armed Forces, and other government construction of major infrastructure, beneficiaries. The BCDA Code of Conduct was BCDA considers both the environment approved by the BCDA Board in 2015. and sustainability of the project— The BCDA Board of Directors sets policies to Through Office Order No. 004, as bearing safety, creativity, efficiency, and guide Management in carrying out its duties and described in Section 5.2, members of innovation in mind. responsibilities with integrity and transparency. the BCDA Board, officers, personnel, project employees, consultants and Sustainability is the foremost contractual employees working for GOVERNANCE FRAMEWORK consideration in the development of BCDA are directed to strictly observe BCDA’s flagship project—the New Clark the provisions of the BCDA Code of BCDA adopts the Governance Commission City, envisioned to be the country’s Conduct beginning 2016. It incorporates for GOCCs’ (GCG) Code of Corporate first smart, green and disaster-resilient the organization’s Whistleblowing Policy Governance for GOCCs. In doing so, it proves metropolis. Its development is driven and No Gift Policy. It also sets forth to be responsive to its stakeholders while serving by BCDA’s vision to integrate the best the principles, corporate values, and as a responsible steward of state resources. practices in urban planning, green city rules of conduct of BCDA officers and development and smart city solutions. In addition, the BCDA Manual of Corporate employees in carrying out their official duties and responsibilities, taking into Governance serves as a guide in achieving a. Stewardship BCDA’s corporate goals while adhering to the consideration the policies instituted by the Civil Service Commission (CSC) principles of good corporate governance. The As a steward of state resources, BCDA relating to integrity, transparency, and Manual—which was approved by the Board complies with relevant laws and accountability in government. on July 9, 2014 through Board Resolution regulations in its project development No. 2014-07-115—is envisioned to steer and asset disposition activities to ensure b. Whistleblowing Policy the organization towards excellence and that they are environment friendly and competitiveness both locally and globally, as consistent with sustainable development. BCDA’s Whistleblowing Policy promotes such, enabling BCDA to be a valuable partner responsible reporting and disclosure of the government in national development Primarily, BCDA takes direction from of vital information in response to the and infrastructure development. Because it its Charter, RA 7227, as amended, and detection of fraud, bribery and corruption details the duties and responsibilities of the Executive Order (EO) No. 62—the within the organization. It aims to Board to the state and its stakeholders, and Implementing Rules and Regulations of encourage concerned individuals to provides the structure through which the RA 7227—which requires environmental testify on matters involving the actions corporation’s objectives are set and the means impact assessment studies of all major or omissions of the BCDA officers and to achieve these, the Manual aims to set in projects affecting the environment. place the promotion and pursuit of corporate employees, including the members of the BCDA Board, that are illegal, unethical— governance reforms and the observance of the Joint venture projects, on the other hand, violative of good governance principles and principles of accountability, transparency, and are implemented in accordance with entail unhealthy business practices that are professionalism within the organization. the BCDA Guidelines and Procedures grossly disadvantageous to BCDA. for Entering into Joint Venture (JV) The BCDA Board of Directors recognizes Agreements with Private Entities, c. No Gift Policy the importance and the benefits of regular patterned after the National Economic evaluation. In 2017, the Board conducted and Development Authority (NEDA) On the other hand, BCDA’s No Gift self-assessment to evaluate its performance as JV Guidelines and certain provisions of Policy adheres to the highest form of a whole and that of the Board Committees. the Build–Operate–Transfer (BOT) law. ethical standards and leads the BCDA They accomplished the Self-Assessment According to the BCDA Guidelines, organization to demonstrate fairness, Questionnaire, answering questions according JV undertakings may be done through a professionalism and deliver quality to the following criteria: Leadership, Roles and JV contractual agreement or through the services without expectations of any Responsibilities, Independence, Stewardship, formation of a separate JV company. The undue favor or reward. Reporting, and Disclosure. appropriate JV mode will be determined according to which mode would provide d. Code of Conduct and Ethical Standards the most efficient and viable financial GOVERNANCE POLICIES for Public Officials and Employees arrangements for the JV partners. The Guidelines were approved by the Board Further, BCDA adheres to Republic Act 1. Institutionalization of Integrity through Board Resolution No. 2017-09- (RA) 6713 or the Code of Conduct and Management 148. Ethical Standards for Public Officials and Employees. This is cascaded to To institutionalize the principles of good The Board also approved the BCDA new employees through the employee corporate governance and to establish an Asset Disposition Guidelines through orientation program conducted by integrity management system within the Board Resolution No. 2017-09-149. the Organization Development and organization, BCDA launched the Strengthen Management Department (ODMD). Integrity Development in BCDA (STRIDE- For every development project, there BCDA) Project. This further resulted in the is an approved master plan and design

60 25 YEARS OF BCDA: STORIES THAT REDEFINED THE NATION

standards and guidelines which direct as concurred in by the BCDA Board, were 3. Fiscal Management project implementation and optimizes promptly acted upon by Management. land development. These follow relevant Further, the Committee ensured that the For the Sale, Lease, or Joint Venture laws and regulations such as RA No. Office of the Internal Auditor reviewed the Agreement involving BCDA properties, the 6541 or the National Building Code of periodic financial statements focusing on the Committee reviewed the financial feasibility the Philippines, and directives of the propriety of changes in accounting policies of the mode of disposition of projects, as DENR and the Civil Aviation Authority and practices, and significant adjustments endorsed by the Business Development of the Philippines (CAAP). resulting from the audit; and checked the Department (BDD), and the continuing financial reports against its compliance with financial status and compliance with the b. Corporate Social Responsibility both the internal financial management agreement, as reported by the Subsidiary, policies and pertinent accounting standards, Affiliate and Project Monitoring Department BCDA’s community outreach including regulatory requirements. The (SAPMD). The Committee identified activities are BCDA Corporate Social Committee also ensured that the Office of the issues, provided guidance, and proposed Responsibility (CSR) Philosophy, which Internal Auditor monitored and evaluated the solutions, as well as formulated policies and states that, “BCDA is committed to adequacy of BCDA’s internal control systems, guidelines for the budgets of the BCDA and fulfill its mandate to its stakeholders by and that proper coordination was made with its subsidiaries, for the Board’s approval. It improving the quality of life of and giving the Commission on Audit (COA). exercised oversight in the fiscal management dignity to the workforce, their families, of BCDA resources, and financial oversight and the communities that it develops In addition, BCDA continues to improve its on BCDA’s subsidiaries and affiliates, through the conversion of former internal processes, pursuant to EO 605, which including reviewing the proposed budgets military bases and other properties into institutionalizes standards and mechanisms and the financial performance of the premier sustainable centers of economic in implementing the government quality subsidiaries and affiliates. The Committee growth.” management program. To date, BCDA has also provided guidelines for the investment of successfully maintained its ISO 9001:2008 corporate funds and reviewed the profitability The BCDA Manual of Corporate certification for its Provision of Conversion of investments for the Board’s approval. Governance refers to the Authority’s and Development Services for Land and CSR Philosophy which identifies five Assets under the jurisdiction and control of 4. Business Development major target stakeholders, namely: the the BCDA, as conferred by third-party auditor Armed Forces of the Philippines (AFP), TÜV Rheinland Philippines. In 2017, BCDA The Committee reviewed the strategies and project-affected communities, internal began working on transitioning its Quality policies affecting the investment climate, and organization, the environment, and Management System to ISO 9001:2015. BCDA’s marketing and after-sales service victims of natural calamities. programs. It conducted periodic review This has contributed to BCDA’s improved and validation to determine the viability INSTITUTIONAL MECHANISMS responsiveness to its stakeholders and of the assets for disposition, as well as regular compliance with world-class standards in validation and review of the Master customer service. Development Plans of BCDA properties to To aid in ensuring compliance with the determine how suitable they were with current principles of sound corporate governance, the real estate trends and developments. The Board has created committees to support it in 2. Risk Management System Committee also maximized benefits from the the performance of its functions and to aid in disposition and development of land and good governance: The Risk Management, Legal and External other assets through the formulation of a Relations Committee reviews and evaluates sound, strategic business management • Organization Development Committee legal strategies and issues, risk management framework. • Audit and Corporate Governance measures, and public affairs issues to ensure Committee that risks are identified and are addressed • Risk Management, Legal and immediately and accordingly. 5. Continuing Education External Relations Committee The members of the BCDA Board further • Finance and Investments Committee The Committee undertook the following for the enhanced their knowledge and skill set as • Business Development Committee past year: a) Reviewed and recommended for key decision-makers through capability Board approval the legal strategies on various building and training activities which are cases filed by or against BCDA; b) Reviewed 1. Internal and Audit Controls deemed necessary for them to fully and recommended for Board approval the understand and effectively lead the revised budget of the BCDA Legal Services implementation of good governance The creation of a Board Audit and Corporate Department; c) Reviewed and recommended principles in accordance with conditions Governance Committee (BACGC) ensures that measures on legislative proposals affecting prescribed by the GCG. the internal auditors have free and full access BCDA; d) Assessed the Annual Planning to all the company’s records, properties, and Program of the Planning Services Department personnel relevant to the internal audit activities Among the training programs the Board (PSD) as it relates to risk management; members attended were Corporate and that the activities are free from interference. e) Reviewed and evaluated public affairs Governance Orientation for GOCCs, issues affecting BCDA activities, programs Enhancing Audit Committee Effectiveness, In 2017, the BACGC reviewed and approved and projects, as identified and presented by the Annual Audit Plan of the Office of the and Gender and Development (GAD) Management. Further, the Committee reviewed Program: Talk on Sexual Harassment. Internal Auditor, as well as its audit report. and evaluated the measures recommended The Committee recommended solutions to by Management to address such issues for the BCDA Board that would address the audit consideration of the Board. findings and ensured that the resolutions,

61 2017 ANNUAL REPORT

COMPLIANCE WITH GCG REQUIREMENTS

The enactment of RA 10149, or the GOCC Act of 2011, necessitated the Governance Commission for GOCCs (GCG) to establish performance evaluation systems including performance scorecards which shall apply to all GOCCs in general and to the various GOCC classification. To this end, BCDA is required to submit its Board-approved performance scorecard on an annual basis. This becomes the subject of technical meetings with the GCG, wherein the final output becomes the tool used by BCDA in the measurement of their performance.

For 2017, BCDA continues its commitment to build sustainable cities as manifested in its strategic objectives with the following through the following measures:

McKinley Hill houses some of the country’s top IT and BPO companies 1. Develop the baselands into such as Accenture and Cognizant, among others. World-Class Economic Centers BCDA awarded the Engineering, the niche of each economic zone, while BCDA identified four (4) measures to Procurement and Construction (EPC) at the same time creating the identity quantify the achievement of the objective. contract of CRK to the consortium of of the BCDA Group. The project will These measures reflect the direction of Megawide Construction Corporation institute a development plan to provide government to build infrastructure projects and GMR Infrastructure on guidance to decision makers on approval thereby facilitating economic activities in December 18, 2017. of projects/activities to be implemented Central Luzon and its contiguous areas. in each economic zone. The CIMDP will b. The Luzon Bypass Infrastructure is a ensure that all development projects in a. The Clark International Airport four (4)-phased project which entails the each economic zone is complementary (CRK) Expansion Project involves provision of high-speed internet in New with one another. the construction of a world-class Clark City and BCDA Special Economic International Airport Complex with 8M Zones (SEZ) to promote New Clark The conduct of the project was awarded passenger capacity (for Phase I), and a City as the Innovation Hub and increase to AECOM on 22 December 2017 and total project cost of Php12.55 billion. competitiveness of BCDA SEZs. It will commencement of the project will be in This multi-year project, which will run leverage the geographical advantage of January 2018 starting with the ocular visits from 2017 until 2020, aims to decrease the Philippines and provide a bypass to all economic zones for familiarization. air traffic congestion at NAIA. route for international submarine cables crossing the earthquake-prone Luzon d. Actual Investment in BCDA Economic On 17 May 2017, the project was Strait to trade for bandwidth that will be Zones approved by the National Economic used to support the ICT initiatives of the Development Authority (NEDA) government. In adherence to the thrust of government Investment Coordination Committee to build infrastructure projects and (ICC). It was subsequently approved On 15 November 2017, the Landing BCDA’s mandate to develop economic by the NEDA Board in June 2017. On Party Agreement (LPA) between BCDA zones as revenue-generating vehicles, 22 August 2017, a Pre-Bid Conference and the Department of Information BCDA poured in more than Php2 billion was conducted with 43 prospective and Communication (DICT) was in its properties. This accomplishment bidders in attendance. Seven (7) out signed commencing the project. This exceeded the Php632 million committed of the twelve (12) companies which will improve the speed, accessibility to GCG. participated submitted their bids on and affordability of internet in the December 5, 2017. area and facilitate the implementation 2. Optimize the benefits of the of other connectivity programs of the In coordination with the International country from the conversion government. Finance Corporation (IFC), as its and development of the Transaction Advisor, the technical c. The Comprehensive and Integrated proposals of the five (5) qualified baselands Master Development Plan (CIMDP) for bidders were evaluated. The opening BCDA Economic Zones of the financial proposals for those The measures of success in meeting whose technical proposals were deemed the objective are the remittances and The CIMDP of BCDA Economic Zones compliant was made on December 14, contribution to the National Government aims to integrate the development efforts 2017. and the Stakeholder Satisfaction Survey in BCDA Economic Zones and identify Results.

62 25 YEARS OF BCDA: STORIES THAT REDEFINED THE NATION

6. Optimize the use of information technology

BCDA started automating certain key processes. 2016 saw the automation of finance processes with the establishment of the Acumatica Enterprise Resource Program. For 2017, BCDA committed the operationalization of the Human Resource Information System (HRIS). This target was achieved in the 4th Quarter of 2017.

The HRIS is an off-the-shelf web- based software that will be able to: generate bank-ready payroll, benefits and compensation schedule/payment of employees; provide access to employee’s information page; and management level dashboard that will provide quick reports and statistics. The HRIS will be integrated with the Corporate Intranet and the accounting system (Acumatica BGC is now one of the top central business districts in the Metro providing thousands of ERP). jobs for the Filipino people and generating funds for the AFP modernization. a. In 2017, BCDA was able to meet the 4. Strengthen and streamline 7. Develop a Quality committed target of Php4 billion to project management processes Management System (ISO GCG. BCDA remitted Php4.002 9001:2008) for all processes billion arising from the asset disposition To ensure effectiveness and efficiency proceeds, guaranty fees, and dividends. of BCDA operations the measure on EO No. 605 and Administrative The attainment of the measure is percentage of simple contracts prepared Order No. 161 (series of 2006) significant as this amount enabled the and reviewed within the applicable institutionalized Quality Management National Government to fund socio- processing time, i.e. eight days, was Systems in Government. Agencies were economic projects. The amount was included. required to adopt QMS to enhance distributed to various beneficiaries with public sector performance. BCDA has the Armed Forces of the Philippines For 2017, the target set by GCG was at been consistent in acquiring the ISO taking in the lion’s share. 90%. BCDA was able to exceed this target Certificate since 2013. In 2017, BCDA having 96% of contracts prepared within was able to acquire its ISO 9001:2008 b. In 2017, the Stakeholder Satisfaction the applicable time. recertification. Survey resulted in a 94% Satisfaction rating for BCDA. The qualitative and quantitative surveys were administered to 8. Establish a competency- the five (5) groups of stakeholders, which 5. Maintain efficient coordination based framework for BCDA included the military, business partners, with subsidiaries personnel suppliers, regulators, and the community. This objective aims to raise the efficiency The Competency-based Human 3. Achieve best value from the of BCDA’s oversight function Resource System will serve as the disposition of lands oversubsidiaries. This can be quantified corporate standard for implementing HR by measuring the percentage of policies and systems, which shall be the infrastructure-related billings of BCDA To ensure that BCDA infrastructure basis for the following: Recruitment and subsidiaries processed within the projects are funded, BCDA needs to Selection, Learning and Development, applicable processing time, i.e. 10 days. generate enough revenue. This objective can and Performance Management. be attained through recurring income from This is an important measure because the existing accounts (joint venture and lease For 2017, BCDA implemented Phase 2 action of BCDA towards subsidiaries’ proceeds) and disposition of properties. of the project composed of the following requests will ensure that subsidiaries will activities: be able to discharge their duties and For 2017, BCDA was able to exceed the responsibilities expeditiously. GCG target of Php1.7 billion with receipt a. Review of competency catalogue, of proceeds from business contracts in corporate framework and For 2017, the target set by GCG was BCDA economic zones amounting to Php3 comparative tables developed at 90%. BCDA was able to exceed this billion. The target of Php2.7 billion for b. Conduct of orientation/training target having 100% of its billings proceeds from regular accounts/business c. Competency Model Writing processed within the applicable time. contracts was likewise exceeded with d. Final Report receipts amounting to Php3.9 billion.

63 2017 ANNUAL REPORT

THE STORY BEHIND THE NUMBERS 2017 Financial Highlights

STATEMENT OF FINANCIAL POSITION As of December 31, 2017 and 2016

2017 2016 (as restated)

Current Assets 16,691,251,8699 17,032,321,077 Non-Current Assets 142,724,811,513 110,849,301,298 TOTAL ASSETS 159,416,063,382 127,881,622,375 Current Liabilities 8,026,839,379 8,186,598,161 Non-Current Liabilities 30,085,799,464 29,372,659,887 Equity 121,303,424,539 90,322,364,327 TOTAL LIABILITIES AND EQUITY 159,416,063,382 127,881,622,375

CY2017: FINANCIAL POSITION

BCDA’s total assets stood at Php159.42 billion as of 31 309), BCDA distributes from 50% to 72% of the net proceeds December 2017, consisting of land and other properties held from its asset disposition activities to the different beneficiaries either for lease and/or capital appreciation at Php75 billion, stated in the applicable law, but mainly to the AFP for its service concession asset at Php28 billion, and investment in modernization program. The remaining BCDA share is used affiliates at Php18 billion. Current assets totalled Php16.69 to fund the conversion and viable development of the former billion comprising mostly of cash and cash equivalent, while military baselands undertaken by its subsidiaries or by BCDA current liabilities amounted to Php8.03 billion, of which 80% itself, such as financing partly the construction and maintenance pertain to trade and inter-agency payables. of the Subic-Clark-Tarlac Expressway (SCTEX).

Increase of 34% in equity from Php90 billion in 2016 to As a further complication, RA No. 7227 provides that BCDA Php121 billion in 2017 is attributable to the appraisal of record its share in the net disposition proceeds as additional paid- properties at New Clark City. up capital from the National Government if the asset disposition activity is an outright sale. If the transaction is a lease or joint In entirety, BCDA posed a strong financial position with a venture other than sale, proceeds are recorded as revenue in current ratio of 2:1, Debt to Equity ratio at 31% and Debt-to- its Income Statement. In view of this, the Income Statement Total Assets ratio of 24%. of BCDA reflects only a portion of the disposition activities of BCDA, while the rest have to be gleaned from the changes in the By virtue of the laws governing the sharing of asset disposition Equity in the Balance Sheet and the Statement of Cash Flows. proceeds, BCDA follows a unique accounting and business model which is not easily discernible from the traditional financial statements presentation. Depending on the applicable law (RA No. 7227, as amended by RA No. 7917 or EO No.

64 25 YEARS OF BCDA: STORIES THAT REDEFINED THE NATION

STATEMENT OF INCOME For the years ended December 31, 2017 and 2016

2017 2016 (as restated)

REVENUES Lease revenue 918,505,443 920,811,093 Concession fee 1,075,025,660 904,059,493 Revenue from JV Arrangements 794,517,314 843,865,835 Interest income 368,099,746 288,554,008 Dividend revenue 483,121,308 30,980,125 Sales revenue 8,614,017 17,455,164 Other business revenue 5,620,209,421 611,121,964 TOTAL REVENUES 9,268,092,909 3,616847,682 EXPENSES Personal Services 251,881,336 280,473,938 Maintenance and Other Operating Expenses (MOOE) 5,167,003,603 2,339,407,327 TOTAL OPERATING EXPENSES 5,418,884,939 2,619,881,265 NET OPERATING INCOME 3,849,207,970 996,966,417 OTHER INCOME (EXPENSES) (1,751,913,061) (284,520,052) INCOME BEFORE INCOME TAX 2,097,294,909 712,446,365 INCOME TAX BENEFIT (217,281,528) 387,975,326 NET INCOME* 1,880,031,381 1,100,421,691

*Net income excludes the unrealized (paper) foreign exchange loss of Php0.84 billion in 2017 and Php1.67 billion in 2016.

CY2016: RESULT OF OPERATION

BCDA’s revenues are derived mainly from lease, concession fees Total operating expenses registered at Php5.17 billion for the year and income from joint venture arrangements. Income from leases ended 2017, an increase of Php2.8 billion over 2016, due to the and concession fees provide a steady stream of cash as these increase in BCDA’s contribution to the AFP as a result of increase contracts are long-term in nature. For the year 2017, BCDA in BCDA’s revenues. generated Php9.27 billion in revenues, an increase of 156% from the Php3.62 billion in 2016. The increase was attributed to the BCDA’s improved operating profit margin at 41% of revenues collection of Php5.4 billion settlement from the BG Companies stemmed from the 156% increase in BCDA’s revenues from 2016. representing additional proceeds from sale of FBDC’s and BCDA’s Excluding unrealized foreign exchange loss of Php0.84 billion in lot at the North Central Business District and City Center within 2017, BCDA registered a net operating income of Php1.88 billion. Bonifacio Global City. This is equivalent to a growth of 71% from the previous year’s result of operation.

65 2017 ANNUAL REPORT

STATEMENT OF CASH FLOWS For the years ended December 31, 2017 and 2016

2016 2017 (as restated) CASH FLOWS FROM OPERATING ACTIVITIES 3,965,566,384 (1,107,371,441)

CASH FLOWS FROM INVESTING ACTIVITIES 866,446,681 1,312,689,780

CASH FLOWS FROM FINANCING ACTIVITIES (1,243,971,677) (1,485,104,007)

CASH AND CASH EQUIVALENTS AT END OF YEAR 6,108,454,474 2,520,422,518

CY2017: CASH POSITION

BCDA’s total cash position amounted to Php15.80 billion in INVESTING 2017 and Php13.91 billion in 2016. These amounts consisted of cash and cash equivalents of Php6.11 billion and Php2.52 Cash flows from investing activities resulted in a net cash inflow billion for 2017 and 2016, respectively. The remaining balance of Php0.87 billion attributable mainly from the net proceeds of of Php9.69 billion in 2017 and Php11.39 billion in 2016 were maturing and/or disposal of investments and interest earned. placed in short- and long-term instruments (i.e.treasury bills and government bonds) with government financial institutions FINANCING to maximize earnings. This year’s financing activities resulted in a net cash outflow of OPERATING Php1.24 billion due to the remittance of amortization payment for the JICA loan of Php1.07 billion, Php250 million guarantee fees Sale, joint venture projects, concession and leasing activities to the Bureau of Treasury, and dividend remittance to the National generated cash of Php9.86 billion in 2017 and Php3.480 Government of Php130 million. billion in 2016. The 2017 cash inflows included the Php5.9 billion proceeds from business resolution agreement with the Fort Bonifacio Development Corporation. Collections from lease and joint venture contracts soared to a 228% increase, or an equivalent Php5.78 billion increase compared to CY2016 figures at Php2.5 billion.

PARENT COMPANY STATEMENTS OF CHANGES IN EQUITY For the years ended December 31, 2017 and 2016

2016 2017 (As restated) CAPITAL 105,505448,937 75,327,951,616 RETAINED EARNINGS 15,797,975,602 14,884,824,205 OTHER COMPREHENSIVE INCOME 0 109,588,506 TOTAL 121,303,424,539 90,322,364,327

In 2017, the equity dramatically increased by 34% from Php90.32 billion in 2016 to Php121.30 billion in 2017 resulting primarily in the appraisal increase of properties at New Clark City and adjustment in the value of certain parcels of land located at Camp John Hay.

66 25 YEARS OF BCDA: STORIES THAT REDEFINED THE NATION

ASSET DISPOSITION PROGRAM: BREAKDOWN OF CONTINUED GROWTH DISPOSITION PROCEEDS MAY 1993 - DECEMBER 2017 BCDA’s total proceeds from its Asset Disposition Program for the period May 1993 to December 2017 amounted to Php91.45 billion, 1% 8% LGU Share 1% up by Php11.57 billion or 14% from the previous year’s Php79.88 Non-Military For Distribution billion level. Php0.51B Replication Expenses Php 7.83B Php0.79B Said increase is primarily attributed to the receipt of Php6.05 billion from joint development projects with Fort Bonifacio Development 8% Taxes, Duties and Fees Corporation, Php4.70 billion proceeds from the existing joint ventures and lease agreements, and Php826 million proceeds from Php7.56B 40% sale of Metro Manila camps. AFP Share TOTAL 7% Php36.31B The Php91.45 billion gross proceeds consisted of Php38.24 billion Php Disposition proceeds - Php34.90B Direct Expenses 91.45B Replication by developer - 1.41B from sales, Php29.32 billion from joint venture, Php8.43 billion Total - Php36.31B Php from lease and Php15.46 billion from other receipts. 6.85B

Distribution of proceeds 9% Share of Other Beneficiary Agency The AFP Modernization Program had the biggest share of the BCDA Share disposition proceeds, receiving 40% or Php36.31 billion of the Php8.02B total Php91.45 billion. Said amount consisted of Php25.22 billion Php23.58B for the AFP Modernization Program and Php11.09 billion for the 26% replication of military facilities.

The share of BCDA accounted for 26% or Php23.58 billion, while the share of other beneficiary agencies represented 9% or Php8.02 billion of the total. Local government units also benefited from the GROSS DISPOSITION asset disposition program with receipt of Php510 million of the PROCEEDS proceeds. MAY 1993 - DECEMBER 2017 9% Lease Disposition-related expenses deducted from the gross proceeds Php8.43B included: Php6.85 billion for direct expenses on site development and infrastructure projects, relocation of informal settlers, survey, 17% titling, appraisal and administrative expenses; Php7.56 billion for taxes, duties and fees; and Php790 million for the replication of Other Receipts Sale non-military facilities. Php15.46B Php38.24B

TOTAL 42% BCDA remits the proceeds from the disposition program annually to the National Treasury. After remittance, it is the responsibility Php91.45B of the Department of Budget and Management to release the respective shares of beneficiary agencies based on the budget execution guidelines and the approved fiscal programs of the government. Joint Venture Php29.32B *National Housing Authority, National Home Mortgage Finance Corporation, Home Insurance and Guarantee Corporation; Philippine 32% Health Insurance Corporation; Department of Public Works and Highways and Department of Transportation; Philippine Veterans Affairs Office; Commission on Higher Education; Department of Science and Technology; Office of the Secretary, Department of Justice and the Ombudsman; National Bureau of Investigation, Bureau of Corrections, Philippine National Police, and the Bureau of Jail Management and Penology; Supreme Court of the Philippines and the Lower Courts, Sandiganbayan, Court of Appeals and Court of Tax Appeals; Department of Education and Department of Social Welfare and Development; Department of Labor and Employment; Mount Pinatubo Assistance, Rehabilitation and Development Fund; and, Philippine Economic Zone Authority.

67 2017 ANNUAL REPORT

Flow of Disposition Proceeds

BCDA adopts two different procedures in the determination and remittance of disposition proceeds, depending on whether the disposition is in the nature of sale transaction or non-sale transaction, e.g. joint venture, leases. The determination of expenses related to non-sale transactions is jointly approved by the BCDA and the Department of National Defense (DND). On the other hand, expenses related to the sale transactions are determined and approved by the Inter-Agency Committee (IAC) created under Administrative Order No. 236 (1996) composed of representatives from DND, BCDA and the Department of Finance (DOF). The following shows the processes involved:

SALE TRANSACTIONS Based on Administrative Order No. 236, January 8, 1996 (Prescribing Rules and Regulations on the Collection, Remittance and Utilization of Sales Proceeds under RA No. 7917)

Remit the share Undertake the Receive of the disposition of Metro the sales START beneficiary BCDA Manila proceeds Camps/Properties agencies to Bureau of Treasury

Determine and approve the INTER-AGENCY direct exenses COMMITTEE (DND, & the shares of DOF AND BCDA) beneficiary agencies

Receive the Deposit the share Release the beneficiary of the beneficiary share of the agencies’ agencies in the beneficiary BUREAU OF shares Special Account END agencies based TREASURY remitted by under the on NCA BCDA General Fund

Program the annual Issue the NCA utilization of the to the sales proceeds in beneficiary accordance with the agencies DBM approved government budget

Submit project/ Request the BENEFICIARY program to the issuance of Notice AGENCIES DBM for budget of Cash Allowance programming (NCA)

68 25 YEARS OF BCDA: STORIES THAT REDEFINED THE NATION

NON-SALE TRANSACTIONS

Based on Executive Order No. 309, November 2, 2000 (Prescribing Rules and Regulations for the Distribution of Proceeds of Leases, Joint Ventures, and Transactions other than Sale Involving Portions of Metro Manila Military Camps under Republic Act No. 7227, as amended by Republic Act No. 7917)

Remit AFP Undertake the Receive the Withhold share to the lease and JV 39% of START disposition of Metro BTR representing BCDA Manila proceeds proceeds to 50% of proceeds, Camps/Properties cover net of 39% withheld estimated estimated expenses expenses

Submit the Request the projects/ issuance of program to the NCA DBM for budget DND/AFP programming

END

Receive the Deposit in the Release AFP Share AFPMAT-Fund BUREAU OF the AFP TREASURY remitted Code 172 by BCDA share based on NCA

Program the annual utilization of the disposition proceeds in accordance with Issue the the approved NCA to the DBM government AFP budget

Determine actual If withheld estimated expenses are greater than actual expenses, resolve to expenses and remit 50% of additional net proceeds to BTr BENEFICIARY compare with 39% AGENCIES withheld estimated expenses If withheld estimated expenses is less than the actual expenses, resolve to charge to future proceeds.

69 2017 ANNUAL REPORT

Concurrently, Mr. Dizon serves as the vice chairman of the BCDA Board and OUR LEADERS director of various subsidiaries and Board of Directors affiliates of BCDA, such as Fort Bonifacio Development Corporation, Bonifacio Estates Services Corporation, Bonifacio Global City Estates Association, Bonifacio Communications Corporation, Bonifacio Earlier in his career, he worked for Ace Water Corporation, Filinvest BCDA Compton as Creative Head and moved on Clark, Inc., and Philippine Japan Initiative to work for Mr. Tomas Aguirre, founder of for GCG, Inc. (PJIC). He is also the Banco Filipino where he held the position chairman of the Subic-Clark Alliance of vice president. for Development (SCAD) and the vice chairman of the Clark International Airport He was founding director of the Advertising Corporation (CIAC). Board of the Philippines, founding chairman of the Creative Guild of the Mr. Dizon is formerly a consultant Philippines, and founding director of Bank to Senate Majority Leader Alan Peter Marketing Association of the Philippines. Cayetano. He is a recipient of the Lifetime In 2011, he was appointed Undersecretary Achievement Award of the Creative Guild for Political Affairs under the Office of the and the Maverick Award of the Association President. of the Philippine Advertising Agencies. He holds a Master of Science degree Trainings: in Development Economics at the University of Reading in the United • Enhancing Audit Committee Kingdom. Finishing his degree with Effectiveness distinction, he was a recipient of the British GREGORIO D. GARCIA III • Gender and Development (GAD) CHEVENING Scholarship Awards, Chairman Program: Talk on Sexual Harassment which is granted to outstanding emerging leaders and enabling them to pursue a 74, Filipino, was appointed chairman of the master’s degree at any UK university. He Board of Directors of BCDA on received his Bachelor of Arts degree in August 10, 2016. He took his oath of office Economics and Bachelor of Science in on August 11, 2016. Commerce degree in Management and Financial Institutions from the De La He is concurrently the chairman of the Salle University in Manila, Philippines. Board of Trustees of the Heritage Park Subsequently, he joined the DLSU faculty Management Corporation. He is likewise as Assistant Professor in Economics. director of various affiliates of BCDA such as Fort Bonifacio Development He joined the team of Senator Edgardo Corporation, Bonifacio Estates Services J. Angara as his Chief of Staff in 2002. Corporation, Bonifacio Global City Estates Association, Bonifacio Communications In 2005, he worked as a senior lecturer Corporation, Filinvest BCDA Clark, Inc., in Economics, Finance and Statistics and Philippine Japan Initiative for GCG, for the Bachelor of Science in Business Inc. Administration program of the Northern Virginia, Prague Campus. Mr. Greg Garcia is a marketing and communications professional with a He was also formerly the vice president strong exposure in banking and real estate for Corporate Communications of development. the Strategic Alliance Holdings, Inc. – Technologies (SAHI-TECH), a post he He is a leading marketing and political held for four years. consultant. Trainings: Mr. Garcia has a well-earned marketing VIVENCIO B. DIZON • Training on Risk Management and branding reputation and was chairman President and Chief Executive Officer • Gender and Development (GAD) and chief executive officer of Leo Burnett Program: Talk on Sexual Harassment Advertising, a key position he held for 20 43, Filipino, was appointed as a member of years. Leo Burnett Philippines is one of the the Board of Directors and president and biggest advertising agencies in the country. chief executive officer of BCDA on August It has handled Procter and Gamble, 10, 2016. He took his oaths of office for McDonald’s, Phillip Morris, Kimberly these positions on August 11, 2016 and Clark, Unilab, among others. August 15, 2016, respectively.

70 25 YEARS OF BCDA: STORIES THAT REDEFINED THE NATION

tasked to review foreign-funded projects Mr. Golez has a highly accomplished and government infrastructure contracts. and well-decorated career in the naval He resigned his post in October 2000. profession. He has profound experience in Mr. Batuhan also served as senior legal consultant at the Office of the Presidential the leadership and management of major Chief of Staff in January 2006 to early commands of the Navy— the most recent of 2007. which was his almost two-year tour of duty at the helm of the Philippine Navy as its Mr. Batuhan co-founded Batuhan Blando Flag Officer-in-Command—the highest and Concepcion Law Offices in October most coveted position in the Navy. 2001 and was its Managing Partner until July 20, 2010, when he was appointed He rose to the top command as manager Undersecretary of the Department of and leader of a 23,000-strong sailor and Transportation and Communications (DOTC). marine force. His expertise spans naval and maritime operations, intelligence He resigned from DOTC on October 15, and strategic planning, national security 2011 and resumed his private practice administration, resource allocation, and as Special Counsel at Batuhan Blando organizational development. Among his Concepcion & Trillana Law Offices. major achievements are his establishment and institution of the Philippine Navy Mr. Batuhan serves as president and chief Board of Advisers (a multi-governance executive officer of Motoring Ventures sector coalition composed of experts and Phils., Inc. leaders in various sectors of society), the ATTY. ARISTOTLE B. BATUHAN Trainings: conduct of Maritime Security Forums from • Enhancing Audit Committee 2008-2010 in different Naval Forces around 51, Filipino, was appointed as a member of Effectiveness the archipelago, and all relevant activities to the Board of Directors of BCDA on • Gender and Development (GAD) jumpstart the future Navy everyone in this October 14, 2016. He took his oath of Program: Talk on Sexual Harassment maritime nation can be proud of. office on October 19, 2016. After his naval career, he joined the Energy He concurrently serves as director of Development Corporation as Head of various affiliates of BCDA such as Fort Bonifacio Development Corporation, its Security Department since August 2010, Bonifacio Water Corporation, Filinvest where he planned, devised and implemented BCDA Clark, Inc., and Philippine Japan a working security system to ensure Initiative for GCG, Inc. uninterrupted power production in all areas where all renewable power is generated. He was born on September 7, 1966, in Cebu City, Philippines. He obtained his Trainings: Bachelor of Laws from the University of the • GE Digital Transformation Roadmap Philippines in 1992, and his Master of Laws • Gender and Development (GAD) from Harvard Law School, Cambridge, Massachusetts, U.S.A., in 1995. At Program: Talk on Sexual Harassment Harvard, his areas of concentration included constitutional law and public international law. Upon graduation from Harvard, he worked briefly as a visiting foreign attorney at the prestigious law offices of Hale & Dorr in Boston.

From 1996 to 1999, Mr. Batuhan worked as a senior associate at Sycip Salazar VICE ADMIRAL FERDINAND S. Hernandez & Gatmaitan, the largest law firm in the Philippines. His practice areas GOLEZ (RET) included corporations, foreign investments, project finance, public utilities [telecoms 63, Filipino, is a member of the Board of and water], banking, securities and Directors of BCDA since 2011. He was privatization. He also has experience in reappointed to the position by President corporate, civil and criminal litigation, and Rodrigo Roa Duterte on June 16, 2017. He has argued cases before labor and other took his oath office on June 29, 2017. Mr. administrative tribunals. Golez holds directorships in the following affiliates of BCDA, namely, Fort Bonifacio Mr. Batuhan was tapped to join the Presidential Management Staff, Office Development Corporation, and Bonifacio of the President in April 1999, with the Water Corporation. rank of presidential assistant. He was

71 2017 ANNUAL REPORT

Mr. Jimlani organized and led the Transportation and Communication United Muslim Council for Peace and Division of the PNP Office of Directorate Development (UMCPD), with more than for Research and Development; 200,000 members. The UMCPD—which Comptroller of the PNP Narcotics was adjudged by the Philippine Army as the Command, and, office of the PNP Traffic best NGO—built eight mosques and three Management Group. madrasas without government funding. A soldier, he was formerly Commanding He was a team leader of the Ad Hoc Joint Officer of the 2nd Company Military Police Action Group (AJAG) of the government Batallion in Davao City. panel in the GRP-MILF peace process. He gained his military/police education He was hired as consultant then eventually from the Philippine Public Safety College, appointed as government officer by former the Philippine Constabulary Training Davao City Mayor and now President Command, and the Intelligence Service of of the Philippines Rodrigo Roa Duterte, the of the Armed Forces of the Philippines who called him “the third most important (ISAFP), among others. Mr. Pallarca person in the city government” in a received his master’s degree in Public statement published in Sunstar Davao on Administration from the Manuel L. July 26, 2013. Quezon University. He has a degree in BS Commerce from Jose Rizal College. COL YUSOP A. JIMLANI (RET) PA Trainings: 66, Filipino, was appointed as a member • Corporate Governance Orientation of the Board of Directors of BCDA on Program for GOCCs November 28, 2016. He took his oath of • Gender and Development (GAD) office on December 6, 2016. He is also a director of the Fort Bonifacio Development Program: Talk on Sexual Harassment Corporation, one of BCDA’s affiliates.

As a college student, Mr. Jimlani was a government scholar; as a military student, he received two awards for academic excellence. He also earned 45 units in post-graduate study leading to a Masters in Business Administration.

When he was a captain, he served as an instructor in the Philippine Army Training Command (TRACOM). He received an award for best instructor from the TRACOM.

He’s the only Muslim officer who served as an aide-de-camp during the time of P/C SUPT JOSE C. PALLARCA (RET) President Corazon C. Aquino, as assigned to foreign presidents. 69, Filipino, was appointed as a member of the Board of Directors of BCDA on A proud Muslim, Mr. Jimlani wrote January 27, 2017. He took his oath of office a book titled Soldiers Handbook to on February 2, 2017. He is also a director Understand Muslim—the first-ever of BCDA’s affiliate, the Fort Bonifacio handbook aimed at educating soldiers on Development Corporation. Muslim cultures and traditions especially those assigned in Mindanao. Mr. Jose C. Pallarca is a retired police chief superintendent of the Philippine National MGEN ROMEO V. POQUIZ (RET) His distinguished military career is capped Police (PNP) and an enlisted man of the with 79 awards and decorations, 79 Philippine Army. 59, Filipino, was appointed as a member of commendations and honors, and 2 awards the Board of Directors of BCDA on for academic excellence. As a law enforcer, he has handled various November 28, 2016. He took his oath of assignments all over the country, as office on December 6, 2016. Mr. Poquiz is the Provincial Director of the Palawan also a director of BCDA’s affiliates, namely, Provincial Police Office; Chief of the Fort Bonifacio Development Corporation Pasay City Police Chief of Weapons and Bonifacio Transport Corporation.

72 25 YEARS OF BCDA: STORIES THAT REDEFINED THE NATION

Mr. Poquiz is a multi-awarded military informal sector, and other organizations officer, aviator, ground combat commander, aimed to promote trade union unity, decent leader and manager who served with work, security of tenure, among others. distinction in the Armed Forces for 37 ½ years. He retired in 2014 as commander He was first appointed to BCDA as director of the 2nd Air Division (Air Force in the Visayas). His other positions in the in 2001, a position he held until 2010. As service include, among many others: Air such, he served on the boards of BCDA’s Force Inspector General, Commander of subsidiaries and affiliates which include the the Air Force Special Operations Wing, BCDA Management and Holdings, Inc., Commanding Officer of the Air Force the John Hay Management Corporation, Finance Center and Commanding Officer the Bataan Technology Park, Inc. and the of the AFP Pension Management Center. Fort Bonifacio Development Corporation. He also served as trustee of the AFP Savings and Loan Association, which has resources He was one of the delegates to the of about Php40 billion. International Labor Conference in Geneva, He is widely known in the entire AFP as Switzerland held June 01-13, 2015. Among the Air Force officer and military pilot who conferences attended since June 2012-2015 commanded a newly-created Air Force were the European and Global Lafarge- ground counter insurgency unit which fought GERARD R. SENO Holcim Conference, held June 16-17, 2015 many battles against the communist terrorists. in Zurich Switzerland; the International 58, Filipino, was appointed as a member Transport Workers’ Federation 43rd He graduated in 1981 from the Philippine Congress in Sofia, Bulgaria; the Japan Military Academy and acquired his Master’s of the Board of Directors of BCDA on Autoworkers Union 43rd Convention in in Management, major in Finance, from the September 22, 2015. He took his oath Naval Postgraduate School in the of office on October 7, 2015. He is also Haneda, Japan (2014); and the Workshop U.S.A. in 2000. His skills were further a director of BCDA’s affiliates, the Fort on Labor Management Relations with honed in various other courses, trainings Bonifacio Development Corporation. Special Focus on the Automobile and seminars, among which are: Project Industry sponsored by Asian Productivity Management Course and Senior Executive Mr. Seno is a labor rights advocate Organization in Tokyo, Japan (2013). Management Seminar from the Asian and an educator. His expertise ranges Institute of Management; Negotiation Skills from project development, monitoring He graduated with Bachelor of Laws Seminar from the Ateneo Graduate School and Bachelor of Science in Business of Business; and Corporate Governance and implementation in the fields of Administration degrees from University of Seminars from the Institute of Corporate union organizing, workers’ education, Directors in 2006 and 2017. construction health and safety, promotion San Carlos, Cebu City in 1986 and 1981, and management of cooperatives, policy respectively. In the U.S.A., he took up the International research and advocacy, industrial relations Defense Management Course in 1996 and collective bargaining, among others. Trainings: and the International Defense Resources • Enhancing Audit Committee Management Applications Course in 1998. He is currently the national executive Effectiveness He also took up the North Atlantic Treaty • Gender and Development (GAD) Organization (NATO) Codification Systems vice president of the Associated Labor Unions (ALU). He is also Labor Sector Program – Talk on Sexual Harassment Seminar in 1999. representative of various groups which Mr. Poquiz was formerly the president include the Tripartite Efficiency and of BioSyn PowerGen Inc., a technology Integrity Board (TEIB); the Tripartite architecture company in the power industry. Industrial Peace Council (TIPC); Bank He currently holds the following positions: Industry Tripartite Council (BITC), and Regional Manager, Asia Pacific, of Rescue the Construction Industry Tripartite Global, a London-based not-for-profit Council (CITC). He is also Mill Worker Disaster Risk Reduction and Response organization; Board Director of BioSyn Sector representative of the Sugar Central Power, Inc.; and Consultant of the Tripartite Council (STC), among other Philippine Economic Zone Authority. key positions. He is a co–convernor of Nagkaisa, a broad coalition of labor Trainings: centers, national federations, Industry • Enhancing Audit Committee unions in private and public sector, Effectiveness • Gender and Development (GAD) Program: Talk on Sexual Harassment

73 2017 ANNUAL REPORT

Top Management and Officers

BCDA Management Directory OFFICE OF THE CHAIRMAN

Gregorio D. Garcia III Chairman Tel. No.: (632) 575-1702 Tel./Fax No.: (632) 816-0935

Corporate Board Secretariat Atty. Elvira V. Estanislao Corporate Secretary Tel. No.: (632) 575-1736 Vivencio B. Dizon Internal Audit Services Office President and Chief Executive Officer Aileen Anunciacion R. Zosa Dean Montalban Executive Vice President Officer-in-Charge Tel. No.: (632) 575-1740 Tel./Fax No.: (632) 816-0938

OFFICE OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER

Vivencio B. Dizon President and Chief Executive Officer Tel. No.: (632) 575-1703 Tel./Fax No.: (632) 816-0915

Atty. Joanna Eileen M. Capones Engr. Joshua M. Bingcang Head Executive Assistant Vice President Tel. No.: (632) 575-1704 Business Development and Operations Group Atty. Nena D. Radoc Vice President Information & Communications Finance Group and Chief Finance Officer Technology Department Virgil M. Alvarez Department Manager Tel. No.: (632) 575-1744

BGen Carlos F. Quita (Ret.) Vice President Atty. Elvira V. Estanislao Corporate Services Group General Counsel Legal Services Department

74 25 YEARS OF BCDA: STORIES THAT REDEFINED THE NATION

Public Affairs Department Business Development CORPORATE SERVICES Leilani P. Barlongay-Macasaet Department GROUP Department Manager Arrey A. Perez Tel. No.: (632) 575-1733 Head BGen Carlos F Quita Tel. No.: (632) 575-1757 Vice President Marketing Unit Tel./Fax No.: (632) 816-1043 Tel. No.: (632) 575-1777 Christian Paolo R. Quillamor Tel./Fax No.: (632) 816-1004 Officer-In-Charge Land & Assets Development Tel. No.: (632) 575-1721 Department Premises Administration and Engr. Richard Brian M. Cepe Transportation Services Division OFFICE OF THE Officer-In-Charge Eduardo R. Rosqueta EXECUTIVE VICE Tel. No.: (632) 575-1755 Head PRESIDENT Tel. No.: (632) 575-1790 Project Management Department Aileen Anunciacion R. Zosa Engr. Jovito M. Sunga Security Services Unit Executive Vice President Officer-In-Charge RAdm Zyril D Carlos (Ret) Tel. No.: (632) 575-1707 Tel. No.: (632) 575-1760 Head Tel./Fax No.: (632) 816-0962 Tel. No.: (632) 575-1792 New Clark City Project Legal Services Department Management Office Records Management and Office Atty. Elvira V. Estanislao Engr. Joshua M. Bingcang Services Division General Counsel Head Aristotle E. Guerrero Tel. No.: (632) 575-1728 Tel. No.: (632) 575-1747 Chief Administration Officer Tel./Fax No.: (632) 816-1089 Tel. No.: (632) 575-1788 Planning Services Department Tel./Fax No. (632) 816-0996 Eduardo G. Policarpio Jr. FINANCE GROUP Project Manager Organization Development Tel. No.: (632) 575-1729 Atty. Nena D. Radoc & Management Department Vice President & Chief Finance Patrick Roehl C. Francisco Subsidiaries, Affiliates & Projects Officer Department Manager Monitoring Department Tel. No.: (632) 575-1764 Tel. No.: (632) 575-1794 Atty. Maria Soledad C. San Pablo Tel./Fax No.: (632) 816-1052 Department Manager Procurement and Property Tel. No.: (632) 575-1722 Budget Department Management Department Hedda Lourdes Y. Rulona Nancy V. Paje BUSINESS DEVELOPMENT Department Manager Department Manager AND OPERATIONS GROUP Tel. No.: (632) 575-1775 Tel. No.: (632) 575-1783

Engr. Joshua M. Bingcang Finance Management Services COMMISSION ON AUDIT Vice President Department Tel. No.: (632) 575-1747 Clemencia P. Vicente Lourdes D. Benitez Tel./Fax No.: (632) 816-1089 Officer-In-Charge Supervising Auditor Tel. No.: (632) 575-1766 Tel. No.: (632) 575-1717 Tel./Fax No.: (632) 816-1344 Treasury & Investments Department Cecilia N. Chan Norma S. Pabustan Audit Team Leader Department Manager Tel. No.: (632) 575-1718 Tel. No.: (632) 575-1769

75 2017 ANNUAL REPORT

Directory of the BCDA Group

CLARK DEVELOPMENT NORTH LUZON RAILWAYS CORPORATION CORPORATION Bldg. 2122, Elpidio Quirino St. 3rd Floor, Engineering Building Clark Freeport Zone MWSS Compound, Katipunan Road 2023 Pampanga, Philippines Balara Filter, Pansol, Quezon City Tel.: (63) (45) 599-9000 | 599-2092 Philippines 1108 Fax: (63) (45) 599-2507 Tel.: (632) 709-1150-51 E-mail: [email protected] Fax: (632) 709-1152 Website: www.clark.com.ph E-mail: [email protected] Website: www.northrail.com.ph Jose P. De Jesus Chairman Atty. Arthur P. Tugade Chairman Noel F. Manankil President and CEO Conrad K. Tolentino President and CEO

JOHN HAY MANAGEMENT CORPORATION PORO POINT MANAGEMENT JHMC Office Complex CORPORATION John Hay Special Economic Zone Poro Point Freeport Zone Camp John Hay, Baguio City 2600 Gov. Joaquin L. Ortega Ave. (Formerly P.O. Box 1088 Pennsylvania Ave.) San Fernando City, Tel./Fax: (63) (74) 444-5823 2500 E-mail: [email protected] La Union, Philippines Website: www.jhmc.com.ph Tel.: (63) (72) 242-4016 Fax: (63) (72) 242-0683 Silvestre C. Afable Jr. E-mail: [email protected] Chairman Website: www.poropointfreeport.org

Allan R. Garcia Sherwin S. Rigor President and CEO Chairman

Atty. Felix S. Racadio President and CEO

76 Affiliates

Bonifacio Art Foundation, Inc. Fort Bonifacio Development Corporation The Mind Museum 2/F, Bonifacio Technology Center JY Campos Park, 3rd Avenue 31st St. corner 2nd Ave. Bonifacio Global City, Taguig City, Philippines Bonifacio Global City, Taguig City, Philippines Tel.: (632) 909-6463 | Fax: (632) 909-6461 Tel.: (632) 816-3601 E-mail: [email protected] E-mail: [email protected] Website: http://www.themindmuseum.org Website: http://www.bgc.com.ph

Bonifacio Communications Corporation Subic Bay Metropolitan Authority c/o Philippine Long Distance Company Administration Building Ramon Cojuangco Bldg., Makati Ave., Makati City Bldg. 229, Waterfront Road Tel.: 171 or 1-800-1888-9090 Subic Bay Freeport Zone, Philippines Fax: (632) 844-6654 Tel.: (63) (47) 252-4000 | 252-4004 |171 1-800-1888-9090 Fax: (632) 844-6654 Bonifacio Estate Services Corporation 2/F, Bonifacio Technology Center Website: www.mysubicbay.com.ph 31st St. corner 2nd Ave. Bonifacio Global City, Taguig City, Philippines Subic Clark Alliance for Development Tel.: (632) 816-2372 | Fax: (632) 818-1603 Ground Floor, Building 2127 Website: http://www.besc.bgc.ph CDC Corporate Headquarters E. Quirino corner C. Garcia Streets Clark Freeport Zone, Philippines Bonifacio Water Corporation Tel.: (63) (45) 599-7418 | Fax: (63) (45) 599-7499 38th Drive, University District E-mail: [email protected] Bonifacio Global City, Taguig City, Philippines [email protected] Tel.: (632) 818-3601 Website: http://www.scadcouncil.com

Annual Report Publications Team Acknowledgment Directory Creative Directors: Gregorio D. Garcia III Aqua Planet Clark Chairman Ayala Land, Inc. Bataan Technology Park Vivencio B. Dizon BGC Arts, Inc. Bonifacio Estate Services Corporation (BESC) President and CEO Clark Development Corporation (CDC) Clark International Airport Corporation (CIAC) Editorial Director: Aileen Anunciacion R. Zosa Clark Sun Valley Golf & Country Club Executive Vice President & COO DONGGWANG Clark Corporation (DCC) Fort Bonifacio Development Corporation (FBDC) Editorial Team: Isabel Templo, Managing Editor Foton Motor Philippines Inc. (A Story of Modernization) Hansa Creations, Inc. Ret Sakay (A Story of Transformation) Hilton Hotels & Resorts Clark Jocelyn de Jesus (A Story of Investments) KidZania Manila Carol Pajaron (A Story of Service) La Rose Noire Luenthai Malacañang Photo Bureau Public Affairs Department: Maybank Performing Arts Center Leilani Barlongay-Macasaet, Head McKinley Hill Maricar Gay Savella-Villamil Megaworld Lifestyle Malls Michelle San Juan-De Vera Philippine Air Force Public Affairs Office Kathrina Charmaine R. Alvarez Poro Point Management Corporation (PPMC) Garry A. Cativo POSCO E&C Patricia Ruth B. Cailao Shangri-La at the Fort Lanquin Seyer R. Gacusan Singapore School Clark Samuel Luke M. Galivo The Net Group of Companies Mareynel B. Toquero Uptown Mall Venice Grand Canal Mall Widus Hotel and Casino Clark Design, Copy, Mode Matrix Manila, Inc. and Printing: BCDA Corporate Center 2/F, Bonifacio Technology Center 31st Street corner 2nd Avenue Bonifacio Global City,Taguig City, Philippines

Tel. No.: (632) 575-1700 Fax No.: (632) 816-0996 Email: [email protected] Websites: www.bcda.gov.ph www.build.gov.ph theBCDAGroup bbbphilippines