Bonifacio Global City: A Public-Private Joint Venture - Case Study
Municipal Finance, Urbanscapes
May 19, 2020
In 1992, the Government of the Philippines embarked on a mission to bring decommissioned U.S. military bases into productive use through the Bases Conversion and Development Authority Act.1 Fort Bonifacio, a defunct base on the outskirts of Manila, held great potential due to its proximity to the city and available infrastructure. Through a joint venture with the private sector, the previous military base was converted into a mixed-use, international business district called Bonifacio Global City. The development boasts eco-friendly residential townships, retail outlets, cultural facilities, international schools, embassies, and multi-national firms.