The Bonifacio Capital District (BCD) is a financial district in Metro Manila, Philippines under the joint management of Megaworld Corporation and the Bases Conversion and Development Authority. It covers the southern area of Fort Bonifacio with the Bonifacio Global City district situated north of the BCD, with McKinley Hill under the jurisdiction of Barangay Pinagsama and the rest under Barangay Fort Bonifacio. Makati claimed jurisdiction of most of the area as part of Barangay Post Proper Southside, which was later transferred to Taguig as part of the 2021 Supreme Court decision on the border dispute.The former Makati barangay has its barangay hall and de facto control of a residential area just north of McKinley West.
Bonifacio Capital District | |
|---|---|
From left to right: McKinley Hill, Fort Bonifacio, McKinley Hill Stadium, New Senate Building | |
 Logo | |
| Nicknames: BCD | |
| Country | Philippines |
| Region | National Capital Region |
| City | Taguig |
| Barangay | Pinagsama,Fort Bonifacio |
| Area | |
| • Total | 1.6 km2 (0.6 sq mi) |
| Time zone | UTC+8 (PST) |
| Area code | 2 |
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History edit
The Bonifacio Capital District (BCD) was created as a joint venture between the private conglomerate Megaworld Corporation with the Bases Conversion and Development Authority (BCDA) of the Philippine national government both of which will manage the area. A memorandum of agreement was signed on March 14, 2019, regarding their plans for the BCD.[2]
The areas placed under the BCD upon its creation were: Megaworld's McKinley Hill and McKinley West developments, BCDA's Philippine Navy Village as well as Bonifacio South Pointe, which is a joint venture with the SM Group and BCDA-owned Consular property beside McKinley West, and a one hectare lot.[2] The BCD is also meant to be "country's administrative capital" with the Senate of the Philippines, the Supreme Court, and the Court of Appeals planning to move to the financial district. The development is projected to complete in 10 years.[3]
See also edit
References edit
- ^ de Villa, Kathleen (March 14, 2020). "From 'the Fort,' BCD takes shape". Philippine Daily Inquirer. Inquirer Research. Retrieved October 16, 2021.
- ^ a b Francia, Arra (March 15, 2019). "Megaworld and BCDA to jointly manage Bonifacio Capital District". BusinessWorld. Retrieved March 15, 2019.
- ^ Cabuenas, John Victor (March 16, 2019). "Megaworld partners with BCDA to create Bonifacio Capital District in Fort Bonifacio". GMA News. Retrieved March 16, 2019.