The state-run Bases Conversion and Development Authority (BCDA) is set to earn P1.9-billion in 25 years for the long-term lease of the 5.2-hectare Pamayanang Diego Silang (PDS) commercial lots located near the C-5 road in Taguig City. The consortium of R-II Builders, Inc. and MGS Construction, Inc. won the bid last year for the development of the properties. In photo: BCDA President and CEO Arnel Paciano D. Casanova (seated in the middle) inks the contract with the winning bidders: (seated from left) from R-II Builders, Inc., Mr. Jerome Canlas, Executive Vice President and Mr. Victor Songco, President; and from MGS Construction, Inc., Mr. Marcelino Mendoza, President and CEO and Ms. Rowena Reclosado, Senior Vice President for Special Projects. Also in photo are (standing from left): from BCDA, Director Elmar Gomez; Arrey Perez, Head of Business Development Department; and, Director Vice Admiral Ferdinand Golez (Ret). The deal is the first contract signed by BCDA for 2014.
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