By Richmond Mercurio (The Philippine Star) | Updated June 15, 2016 - 12:00am
MANILA, Philippines – State-owned Bases Conversion and Development Authority (BCDA) is preparing to dispose of two prime properties in Taguig that would help boost the national coffers during the start of the incoming administration.
“We have some properties allocated for disposition if there’s a need for the next administration to immediately generate revenues for the national government,” BCDA president and chief executive officer Arnel Paciano Casanova said in a mid-year briefing yesterday.
These properties are the 25.8-hectare Navy Village along Lawton Avenue in Fort Bonifacio and the 33.10-hectare Bonifacio South Pointe estate.
Casanova said the government stands to gain about P60 billion from the sale of the two properties.
“But our strategy is not to unload or dispose these on a wholesale basis but create value over the years. It depends on the need of the government for cash,” he said.
The Navy Village is a disputed property situated inside the former Fort Bonifacio Military Reservation in Taguig as its ownership was earlier claimed by a group of retired military officers called the Navy Officers’ Village Association Inc. (Novai).
BCDA has won the case against Novai before the Supreme Court (SC).
“The Navy property, this is what we intend to dispose in the later part of the year subject to the approval of the next administration, basing it on the need to increase more proceeds for the AFP modernization,” Casanova said.
The disposition of the Bonifacio South Pointe property, however, will still have to be decided by the SC.
“We want to recover this. We want the SC to discuss and tackle this case en banc. We want the SC to resolve en banc the case here in Bonifacio South Pointe. Government agencies cannot be compelled by the courts to dispose land at a loss. We want this land to be disposed at a fair market value and open a transparent bidding,” Casanova said.
Casanova said BCDA, whose cash position as of end-2015 hit an all-time high of P17.6 billion, is now preparing for transition in line with the entry of incoming president Rodrigo Duterte.
“We needed to be guided by the new administration on what are their priority projects. We will brief the new leadership on what are the opportunities that they can take on,” he said.