Bonifacio Capital District
Bonifacio Capital District | |
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Clockwise, from top: McKinley Hill, McKinley Hill Stadium, New Senate Building, Fort Bonifacio | |
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Logo | |
| Nicknames: BCD | |
Bonifacio Capital District Location in Metro Manila Bonifacio Capital District Location in Luzon Bonifacio Capital District Location in the Philippines | |
| Coordinates: 14°31′55″N 121°02′13″E / 14.53184°N 121.03700°E | |
| Country | Philippines |
| Region | National Capital Region |
| City | Taguig |
| Barangay | Fort Bonifacio and Pinagsama, Post Proper Southside |
| Area | |
• Total | 1.6 km2 (0.6 sq mi) |
| Time zone | UTC+8 (PST) |
| Area code | 2 |
The Bonifacio Capital District (BCD) is a master-planned estate and financial district in Fort Bonifacio, Taguig, Philippines. The estate is under the joint management of Megaworld Corporation and the Bases Conversion and Development Authority (BCDA). The district contains the New Senate Building, the headquarters of the National Mapping and Resource Information Authority (NAMRIA), and the Bonifacio Naval Station. The district is currently being developed under a masterplan that will turn it into a financial center, with McKinley West being the first phase of its multi-year development. Bonifacio Global City (BGC), one of the Philippines' leading financial center, is located just north of the BCD.
Makati claimed the area as part of Barangay Post Proper Southside; the barangay was later reintegrated to the city of Taguig by virtue of the 2021 Supreme Court decision on the border dispute. The barangay hall of Post Proper Southside is located within the Consular Area along Lawton Avenue, Fort Bonifacio.
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.[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 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 be completed in 10 years.[3] In 2024, Robinsons Land Corporation purchased 61,761 square meters of land from BCDA for ₱3.5 billion, which was intended to be developed as a mixed-use district with residential, commercial, offices, a hotel and recreational spaces.[4][5]
On January 2025, a deed of conveyance was signed between BCDA and the Taguig city government for the transfer of 1.7 hectare of land to the city, which the city intends to build community facilities for the benefit of its residents.[6]
See also
References
- ^ 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.
- ^ "Bonifacio Capital District: Gokongwei family, BCDA team up for Taguig mega project". Bilyonaryo. July 2024. Retrieved May 22, 2025.
- ^ Romero, Maria Bernadette (August 10, 2024). "RLC develops Bonifacio Capital District in Taguig". DailyTribune. Retrieved May 22, 2025.
- ^ "BCDA signs deals for land, asset development". Punto.com.ph. January 28, 2025. Retrieved May 22, 2025.