! 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 2016 ANNUAL REPORT CONTENTS 2016 ANNUAL REPORT 1 Boldness, Transparency, and a Strong AFP 2 Big Plans, High Hopes 4 The Will to Get Things Done 6 AFP Modernization 20 Build Build Build 28 New Clark City 40 Drivers of Future Growth —Our Subsidiaries 54 Giving Back 58 BCDA Financial Report 2016 64 Corporate Governance 70 Our Leaders 74 Management Directory 76 Directory of BCDA Group ABOUT THE COVER It’s all about increased infrastructure spending for the Duterte administration, as the country gears to catch up with its Asian neighbors. Ramping up infrastructure spending will ensure the country’s high economic growth and Build Build Build, the administration’s comprehensive infrastructure program, has at least 75 major projects in the pipeline involving mass transport systems, railways and roads. As one of the key implementing agencies for the Build Build Build program, BCDA focuses for the next six years in assisting the government with this. In particular, it is directly involved in four major projects: the Bonifacio Global City to Ninoy Aquino International Airport Bus Rapid Transit (BGC-NAIA BRT) System, the Subic-Clark Cargo Railway, the Clark International Airport, and the New Clark City. This, along with its mandate of building new cities outside of Metropolitan Manila continuously provide a mechanism for private sector enterprises and international agencies to take part in groundbreaking projects that open more economic opportunities for Filipinos. 2 BCDA 2016 Annual Report time ensured that Filipino soldiers can look forward to a brighter future. “The BCDA is an important contributor in our efforts to strengthen and enhance the capabilities of our Armed Forces. ” Let me thank everyone in the organization for being honest, dedicated and competent public servants. It has blazed the trail toward complete transparency by instituting live internet broadcast Boldness, of all its public bidding procedures Transparency, in line with the government’s zero in procuring new military assets and tolerance for corruption. Indeed, we and a Strong AFP in giving our soldiers the proper must always act with public interest training and equipment for the in mind, and I am glad to say that many battles they face. the BCDA’s actions have reflected My warmest greetings to the Bases this guiding principle. Conversion and Development I congratulate today’s BCDA for Authority (BCDA) as it releases its honoring contractual obligations Congratulations for a job well done! 2016 Annual Report. and ending the practice of filing frivolous cases that cost government The BCDA is an important hundreds of millions of pesos. contributor in our efforts to By instilling a new paradigm of strengthen and enhance the boldness, swift action and complete capabilities of our Armed Forces. transparency as well as by adopting The Php35 billion that it has raised innovative and daring measures, the RODRIGO ROA DUTERTE to date, including the almost Php4 BCDA has increased savings and President billion in 2016, have been invaluable raised revenues while at the same Republic of the Philippines BUILD, BUILD, BUILD 1 Big Plans, High Hopes GREGORIO D. GARCIA III Chairman things that would stagger us. Let your When President and CEO Vivencio and watchword be order and your beacon I first stepped into the lobby of BCDA, beauty. Think big.” we saw the typical government office lobby donned with pictures of past and Think big is not think sprawl though. present officials and we looked at each Think big is think happy. Happier people. other and nodded in agreement, “Those photos have to go.” If you drop by the BCDA, converting prime properties Mayor Enrique Peñalosa, mayor of offices of BCDA at BGC today, those into cash is not rocket science. But Bogota in 2007, said it succinctly: photos that used to dot its lobby walls the challenge is on how to monetize, “Most things people buy in stores give are gone. (They have been relocated.) and maximize, these assets long-term them a lot of satisfaction the moment Instead, the lobby is dominated by a without necessarily selling outright all they buy them. But after a few days, that photo mural that reminds us all and the properties assigned to the BCDA for satisfaction decreases and months later, it everybody else that BCDA exists to “help disposition. completely melts away. But great public strengthen the Armed Forces while we space is a kind of magical good. It never build great cities.” To this end, management has embarked ceases to yield happiness.” on a journey to find the best financial Sure, it’s a minor and insignificant change model that should perpetually ensure a “Cities must be regarded as more than to the unobservant, but it’s a big psychic recurring income for the Armed Forces, engines of wealth. They must be viewed mindset that has to be tattooed in our while delivering periodic windfalls. We as systems that should be shaped to minds, and hearts as well, if we want applaud them for this foresight. improve human well-being.” change in the next chapter of BCDA. The bigger challenge is not in just And that we shall do in all our Change has began. improving revenues, but in how we can developments. The first proof of this leave a legacy to the country. will be our work in Clark and New Since its birth, BCDA has always Clark City. delivered on its financial mandate. To We are inspired by Daniel Burnham, the date, more than Php35 billion has been American architect and urban designer The masterplanning of New Clark raised and remitted to the national coffers who said: “Make no little plans. They City, already at par with the cities of to help modernize the country’s Armed have no magic to stir men’s blood and tomorrow, will soon be submitted for Forces. probably themselves will not be realized. approval after additional inputs and Make big plans; aim high in hope and insights from its stakeholders have been In 2016, BCDA delivered Php3.7 billion work remembering that a noble, logical done. versus Php3.5 billion of the previous diagram once recorded will never die, year, or an increase of Php200 million. but long after we are gone will be a The tweaks center on HUMANITY. living thing, asserting itself with ever Streets must be built for people not for Given the current and future value of growing insistency. Remember that cars. There should be parks, parks, and the real estate at the disposition of the our sons and grandsons are going to do more parks. Mass transportation should 2 BCDA 2016 Annual Report be given a lot of thought, and not just BCDA is also part of the Build, Build, And finally, what else to do with BGC, be an afterthought. Modern public Build team that will build a fast train McKinley Hill and McKinley West? housing should be available. The city system from Tutuban to Clark. There is still work to be done. We are must be ready for the internet of things, working with our partners there to start as well as reliable and renewable power at a bus rapid system, improve traffic, add affordable prices. “The bigger additional entry and exit points, develop challenge is not covered pedestrian walkways, open more We want Clark and New Clark City parks, and strengthen security. We need to be the next Asian hub. And after in just improving all these to justify the reputation of this completion, we want it to be one of the contiguous area as the financial capital of top five cities in Asia. revenues, but in how the country. we can leave a legacy New Clark City will be just a 15-minute So much work to start and do in five connection from Clark International to the country.” years’ time. But I am optimistic that Airport. And speaking of the airport, with the hardworking officers and staff BCDA will, with the Department of The other big challenge will be how of BCDA led by Vivencio Dizon, the Transportation (DOTr), fast track the to masterplan and integrate into one wisdom of its new members of the expansion of the Clark International connected economic and tourism zone Board, the support of other government Airport. We will implement the the BCDA properties in Poro Point, agencies, the inspiration from President masterplan of the Aeroport De Paris, a Camp John Hay and the Clark Freeport Rodrigo Roa Duterte, and the blessings grant from the French government, to and Clark Special Economic Zone of the Almighty, we shall succeed. build a new terminal to accommodate in Pampanga and Tarlac. Individually, 8 million passengers and ready by 2020. they are strong. But together, they will Because failure is not an option. And it will be expandable to service be awesome. Once connected and up to 80 million passengers annually. developed, these BCDA subsidiaries will The groundbreaking should happen by be a unified economic powerhouse for December 2017. the country. BUILD, BUILD, BUILD 3 Php4 billion to the national coffers, The Will to Php3.6 billion of which to the AFP, Get Things Done consistent with its contribution last year. However, as we enter the institution’s VIVENCIO B. DIZON 25th year, the challenge is to now make giant leaps into the future. President and CEO BCDA should not just be an enabler and builder but evolve into a TRAILBLAZER that develops cities “Dogs bark but the caravan moves on.” that are not just better than those that —Arab Proverb we have now but at par with the best in the world.