BCDA stands for Bases Conversion and Development Authority. It is a government-owned and controlled corporation in the Philippines that is primarily responsible for the conversion of former military bases and properties into prime economic centers and development areas. BCDA was established in 1992 under Republic Act No. 7227.
The main objective of BCDA is to promote sustainable development by transforming underutilized military bases into productive and economically viable facilities. It seeks to attract local and foreign investments, create job opportunities, and generate revenues for the government. BCDA identifies, plans, and implements development projects in strategic locations, ensuring optimal land use and maximizing the potential of the areas under its jurisdiction.
BCDA's mandate encompasses various sectors such as real estate development, infrastructure, tourism, and public-private partnerships. It actively engages in partnerships and collaborations with private entities and other government agencies to facilitate the efficient conversion and development of military lands.
Through its projects and initiatives, BCDA has been instrumental in driving economic growth and social progress in the Philippines. It has successfully transformed areas that were previously solely reliant on military activities into bustling commercial centers, tourism destinations, and residential communities.
Overall, BCDA plays a crucial role in the sustainable and inclusive development of former military bases, contributing to the economic and social development goals of the Philippines.
