Bonifacio Capital District | |
---|---|
Nicknames: BCD | |
Coordinates: 14°31′58″N121°03′09″E / 14.53284°N 121.05244°E | |
Country | Philippines |
Region | National Capital Region |
City | Taguig |
Barangay | Fort Bonifacio and Pinagsama |
Area | |
• Total | 1.6 km2 (0.6 sq mi) |
Time zone | UTC+8 (PST) |
Area code | 2 |
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.
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]
Makati, officially the City of Makati, is a highly urbanized city in the National Capital Region of the Philippines, known for being one of the leading financial centers in the country. As of 2013, the city has the highest concentration of multinational and local corporations in the Philippines. Major banks, corporations, department stores as well as foreign embassies are based in Makati. Makati is also known for being a major cultural and entertainment hub in Metro Manila. According to the 2020 census, it had a population of 629,616 people, making it as the 47th most populous city in the country and ranked as the 43rd most densely populated city in the world with 19,336 inhabitants per square kilometer or 50,080 inhabitants per square mile.
Taguig, officially the City of Taguig, is a coastal city located in eastern shores of Metro Manila. It is the fifth-most populous city in the Philippines with a population of 1.2 million people. The city is one of the Philippines' cultural, financial, high-tech, entertainment and media centers with significant influence on commerce, health care, research, technology, education, politics, tourism, dining, art, fashion, and sports. Taguig is also an important center for the country's international diplomacy, hosting several embassies. The city also home to the headquarters of several major multinational corporations. Taguig has the fourth largest skyline in the Philippines, with 289 high-rises, 80 of which exceed 100 m (328 ft).
Bonifacio Global City is a central business district and major financial hub located in Taguig, Metro Manila, Philippines. It is located 11 kilometers (6.8 mi) southeast of the capital city of Manila. The district experienced commercial growth following the sale of a 440 ha military base at Fort Bonifacio by the Bases Conversion and Development Authority (BCDA). The entire district used to be the part of the main Philippine Army camp.
The legislative districts of Makati are the representations of the highly urbanized city of Makati in the various national legislatures of the Philippines. The city is currently represented in the lower house of the Congress of the Philippines through its first and second districts.
The legislative district of Pateros–Taguig is the combined representation of the independent municipality of Pateros and eastern part of the highly urbanized city of Taguig in the Congress of the Philippines. The city and municipality are currently represented in the lower house of the Congress through their lone congressional district.
Fort Andres Bonifacio is the site of the national headquarters of the Philippine Army located in Taguig City, Philippines. The camp is named after Andres Bonifacio, the revolutionary leader of the Katipunan during the Philippine Revolution.
The legislative districts of Taguig are the representations of the highly urbanized city of Taguig in the Congress of the Philippines. The city is currently represented in the lower house of the Congress through its lone congressional district.
Forbes Park is a private subdivision, gated community, and barangay in Makati, Metro Manila, Philippines. Established in 1940s partly out of the nearby barangay Pinagkaisahan, Forbes Park was named after William Cameron Forbes, the fifth American governor-general of the Philippines during the American Insular Government.
Megaworld Corporation is a real-estate company in the Philippines. It is listed on the Philippine Stock Exchange Composite Index. The company develops large-scale, mixed-use, planned communities incorporating residential, commercial, educational, and leisure components. In addition, it provides other services such as project design, construction oversight, and property management. Among its landmark projects is Forbes Town Center, a 6-hectare commercial and residential district in Fort Bonifacio, Taguig, Metro Manila. Another project by Megaworld is the 45-storey Petron Megaplaza office skyscraper, which was the tallest building in the country upon its completion in 1998. Also, last May 31, 2016, Megaworld announced that they will build two more office towers, 10-storey One Republic Plaza, and six-storey Emperador House, in Davao City. The two towers will provide an additional 30,000 sqm of office spaces for lease.
Citylink Coach Services Inc. is an intercity bus company in the Philippines operated under First Oceanic Property Management Inc., an affiliate company of Megaworld Corporation. It plies routes from Eastwood City, in Libis, Quezon City to Newport City, in Villamor Air Base, Pasay via C-5 Road, making the first bus company to traverse along the said road. This company offers shuttle services only for those who are working to the companies operated under Megaworld Corporation.
The Bases Conversion and Development Authority is a government-owned and controlled corporation under the Office of the President of the Philippines. It is a government instrumentality vested with corporate powers under Republic Act 7227, signed into law by former President Corazon C. Aquino on March 13, 1992. The BCDA Charter was as amended by RA 7917 in 1995, and further amended by RA 9400 in 2007. The corporation is mandated to transform former US military bases into alternative productive civilian use.
The Icone Tower, also known as the BCDA Iconic Building, is a proposed skyscraper at the Bonifacio Global City in Taguig, Metro Manila, Philippines.
The 1910 Fort Bonifacio War Memorial Tunnel is a tunnel that was part of Fort William McKinley, a military base built by the US Military Government of the Philippines in 1902. The tunnel alignment is now part of the Bonifacio Global City district in Taguig and embo barangays in Taguig, and is considered a historical site by the Bases Conversion Development Authority. The main roads near it are C-5 and Kalayaan Avenue.
The Kalayaan Flyover, also known as the EDSA–Kalayaan Flyover, is a four-lane flyover connecting Gil Puyat Avenue, Epifanio de los Santos Avenue (EDSA), Kalayaan Avenue, and 32nd Street in Metro Manila, Philippines. Located primarily in Makati with a short portion in Taguig, it facilitates access from the Makati Central Business District to the Bonifacio Global City and, ultimately, to Circumferential Road 5 (C-5).
The Makati Park and Garden, sometimes called Fort Bonifacio Riverside Park and Liwasang Bonifacio by local residents, is an urban riverfront park along the south bank of the Pasig River in Taguig, Philippines. It was created in 2001 as part of the Linear Parks Project of the Pasig River Rehabilitation Commission and the park has an area of 35,433 square meters (381,400 sq ft). In the aftermath of the 2021 Supreme Court decision, which was decided in favor of the City of Taguig gaining jurisdiction of Fort Bonifacio and the Embo barangays, ownership and management of the park has been disputed between the cities of Makati and Taguig.
The Makati Intra-city Subway (MkTr) was a planned underground rapid transit line to be located in Makati, Metro Manila, that will link establishments across the city's business district. The construction of it was planned through a public-private partnership program between the Makati City Government and a private consortium headed by Philippine Infradev Holdings. Proponents of the subway are expected to begin construction by December 2018, and Makati Mayor Abigail Binay projects completion by 2025. The subway will cost $1.8 billion and is expected to accommodate 500,000 passengers daily. It will also have seven stations, with connections to the existing MRT Line 3 and Pasig River Ferry Service.
Fort Bonifacio is one of the 38 barangays of Taguig, Philippines. The financial district of Bonifacio Global City, the Fort Bonifacio military camp and the Manila American Cemetery are under the jurisdiction of the barangay.
Post Proper Southside, also known as Post Proper South, Barangay 31, or simply Southside, is one of the 38 barangays of Taguig, Philippines. It is one of the ten Embo barangays, and one of the two Inner Fort Bonifacio barangays, the other one being the Post Proper Northside. It was established in 1972 as a barangay under Makati, and its de facto territory consists of multiple exclaves mostly within Palar Village of Barangay Pinagsama and settlements along the Consular Road area between McKinley West of the Bonifacio Capital District and Bonifacio Global City (BGC) in Barangay Fort Bonifacio, Taguig. It also has the Fort Andres Bonifacio military camp.
The local city governments of Makati and Taguig of the Philippines were involved in a territorial dispute. The cities claimed jurisdiction over the entirety of the Fort Bonifacio military reservation, which includes the financial district of Bonifacio Global City (BGC) and Enlisted Men’s Barrios (Embo) barangays.
The Enlisted Men's Barrio, commonly known as Embo, refers to the collective term for ten barangays in Taguig, Philippines. It is made up of barangays Cembo, Comembo, East Rembo, Pembo, Pitogo, Rizal, South Cembo and West Rembo, as well as the two Inner Fort barangays: Post Proper Northside and Post Proper Southside. The barangays were originally established to house military personnel of the Armed Forces of the Philippines (AFP).