Bonifacio Global City: A Public-Private Joint Venture - Case Study

18 MAY 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. 
 
Related Content
View all

Finance

Financing Nature-Based Solutions for Adaptation at Scale: Learning from Specialised Investment Managers and Nature Funds

The report reviews global nature‑finance trends, identifying barriers and opportunities to scale investment in NbS for climate adaptation and resilience.
Knowledge Product

Learn more

Finance

Bonifacio Global City: A Public-Private Joint Venture - Case Study

The Philippines transformed Fort Bonifacio from a decommissioned U.S. base into a mixed‑use district developed through public‑private partnership.
Knowledge Product

Learn more

Finance

The Hidden Wealth of Cities: Creating, Financing, and Managing Public Spaces

The book shows how cities can unlock public spaces’ hidden value through strategic planning, financing, and asset‑based management.
Knowledge Product

Learn more