The Daily Tribune
BCDA, Ayala deal on Techno hub lease
The Bases Conversion and Development Authority (BCDA) and Ayala Land Incorporated (ALI) have signed a 25-year lease agreement for the Camp John Hay Technohub in Baguio City.
The partnership is projected to generate P600 million in government revenues and sustain the employment of approximately 3,000 workers.
ALI will continue to manage the technohub, which comprises retail clusters and a business process outsourcing building.
BCDA President and CEO Joshua Bingcang highlighted the agreement as a demonstration of trust from major companies and a commitment to Camp John Hay.
BCDA has secured over P14 billion in investments for Camp John Hay since recovering the property in January.
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