President Rodrigo Duterte has signed AO 21 directing the development of the Mile Long property located in the Makati Central Business District.
The Mile Long property is a two (2)-hectare parcel of land registered under the name of the National Government and administered by the Privatization and Management Office or PMO.
The property was formerly rented by realty firm Sunvar owned by the Prieto and Rufino families, who also own the Philippine Daily Inquirer.
Considering its location in one of the country’s premier business districts, the development of the Mile Long property, according to Malacañang, will greatly contribute to the generation of revenues for priority programs of the government, including, among others, the pension program of military and uniformed personnel.
Under Section 1 of the AO, subject to limitations under existing laws, rules and regulations, the PMO shall, on behalf of the National Government, enter into an appropriate contractual arrangement with the Bases Conversion and Development Authority (BCDA), to enable the latter to administer, manage, and redevelop the Mile Long property prior to eventual disposition. The implementation of this provision may be charged against appropriate funding sources or undertaken through the various modes of public-private partnership allowed by law.
The contractual arrangement between PMO and BCDA shall involve the parcels of land covered by Transfer Certificate of Title (TCT) Nos. (458365) S-77242 issued by the Registry of Deeds of the City of Makati and shall not extend beyond the boundaries defined in the technical description therein.
Under Section 2 of the AO or Use of Proceed, the Department of Budget and Management has been directed to study, propose and/or take such measures as may be appropriate so that the proceeds from the development of the Mile Long property shall be used to fund the priority programs of the Government, including the pension program of military and uniformed personnel, subject to the budgetary process and applicable laws, rules and regulations.
Under Section 3, a Technical Working Group (TWG) has been created to study and formulate a redevelopment and privatization plan for the Mile Long property. The TWG shall be composed of representatives from the following agencies: Department of Finance, Department of Budget and Management (DBM), Bureau of Treasury, PMO and BCDA.
If any provision of the Order is declared invalid or unconstitutional. the remaining provisions not affected thereby shall continue to be in full force and effect.
All orders, rules, and regulations inconsistent with the Order are hereby repealed or modified accordingly.
The Order shall take effect immediately.
Malacañang said AO 21 was signed by President Duterte last 29 January with its copy released to media on Thursday, 6 February 2020.