Economy

BCDA breaks ground for Philippine Navy building in Taguig

BCDA

THE BASES Conversion and Development Authority (BCDA) held the groundbreaking ceremony for a nine-storey residential building in Fort Bonifacio, Taguig City that will be used by the Philippine Navy as part of its relocation and replication of facilities.    

“This construction project will involve site development and will have 90 residential units, each with a floor area of 124 square meters, complete with all the amenities and features of a condominium unit,” the BCDA said in a statement over the weekend.    

The building, which is expected to be finished by 2025, will be situated on a 25-hectare area inside the Bonifacio Naval Station, and will become the permanent housing facility for Philippine Navy senior officers affected by the construction of the new Senate Building and the ongoing area development in Bonifacio South Pointe.    

“This praise-worthy project will not only impact the morale and welfare of our sailors and marines but will significantly contribute also to the operational preparedness of the Armed Forces of the Philippines,” Defense Secretary Carlito G. Galvez, Jr. said.    

A total of 23 structures will be constructed for the Philippine Navy under an agreement signed in August 2021 by BCDA, Department of National Defense, and the Armed Forces of the Philippines for the replication and relocation of the Navy’s facilities from the 33-hectare Bonifacio South Pointe and Navy Village. — Revin Mikhael D. Ochave

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:

TheProficientInvestor.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top