The Bases Conversion and Development Authority is not renegotiating the lease agreement it signed with Camp John Hay Development Corp. in 1996 over the 247-hectare John Hay Special Economic Zone
BCDA’s new management is currently conducting an exhaustive review of the JHSEZ to ensure all actions will protect the government’s interests and ensure the long-term development of the area.
BCDA also denied news reports of any decision to renegotiate the lease contract.
The new BCDA leadership also stressed that it remained committed to working with local government units of areas covered by BCDA’s mandate, such as Baguio.
BCDA said it wants to establish a transparent dialogue with LGUs to ensure their active participation in the development of the areas.
