The Bases Conversion and Development Authority (BCDA) and SyCip Gorres Velayo & Co. (SGV & Co.) have signed an agreement to update and enhance the Bonifacio Global City (BGC) Master Development Plan, supporting the Marcos administration’s push to accelerate infrastructure development and promote sustainable and inclusive economic growth.

The updated plan seeks to further maximize the growth potential of BGC, one of the country’s most dynamic and high-value urban districts. Since its development, BGC has attracted major commercial, residential, and institutional investments, strengthening its status as a leading business and lifestyle hub.

BCDA President and Chief Executive Officer Joshua M. Bingcang said the initiative aims to ensure that BGC remains balanced, resilient, and accessible for all stakeholders. “The goal is to keep BGC balanced, resilient, and accessible—not only for investors, but for workers, residents, and the public who use this city every day,” Bingcang said.

Also present at the signing were SGV & Co. Country Managing Partner Rossana Fajardo, Strategy and Transactions Partner Marie Stephani Tan-Hamed, and Bonifacio Estate Services Corp. (BESC) General Manager Ernest Pascual.

The updated master development plan is expected to guide BGC’s continued growth while integrating long-term sustainability and inclusive urban development principles.