SC inks property deal with BCDA for new office
THE SUPREME Court (SC), through Chief Justice Lucas P. Bersamin, has signed the Deed of Absolute Sale with the Bases Conversion Development Authority (BCDA) for the 21,462-square meter lot, worth P1 billion, in Fort Bonifacio that will be the site of the high court’s new complex. Mr. Bersamin and BCDA President and Chief Executive Officer Vivencio B. Dizon also signed a memorandum of agreement (MOA) with Public Works and Highways Secretary Mark A. Villar for the construction of an access road going to C5 highway. Another MOA was signed with Megaworld Senior Vice President Kevin Andrew L. Tan for the road access. “Today’s signing marks the culmination of the negotiations and signifies the beginning of the new phase of the project that is the construction of the complex. We are a step closer to finally realizing our common dream to have a place we can call our own,” Mr. Bersamin said in a statement. The current SC Building in Padre Faura, Manila is owned by the University of the Philippines. — Vann Marlo M. Villegas