Bonifacio Capital District
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. Makati also claims jurisdiction of the area as part of its Post Proper Southside barangay.
Bonifacio Capital District | |
|---|---|
 The Venice Grand Canal in 2019 | |
| Nicknames: BCD | |
| Country | Philippines |
| Region | National Capital Region |
| City | Taguig |
| Barangay | Fort Bonifacio |
| Time zone | UTC+8 (PST) |
| Area code(s) | 2 |
History
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.[1]
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.[1] 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.[2]
References
- Francia, Arra (15 March 2019). "Megaworld and BCDA to jointly manage Bonifacio Capital District". BusinessWorld. Retrieved 15 March 2019.
- Cabuenas, John Victor (16 March 2019). "Megaworld partners with BCDA to create Bonifacio Capital District in Fort Bonifacio". GMA News. Retrieved 16 March 2019.
