World Education Connect Multidisciplinary e-Publication, Vol. V, Issue XII (December 2025), pp.308-318
Engr. Dimsy V. Lucas
Engineer IV, Installations and Logistics Service (ILS)
National Police Commission (NAPOLCOM)
Master of Public Administration
Tarlac State University
Abstract
Urban redevelopment has recently become a fundamental objective of governments seeking to make effective use of underutilized public land resources, upgrade infrastructure, and foster socio-economic development characteristic of rapidly urbanizing countries. In developing countries, financial constraints and a host of other public-sector priorities have pushed governments towards adopting a public-private partnership model of governance, specifically facilitated by public-private partnerships (PPPs). Among such models of public-private partnership is the joint venture development agreement (JVDA).
The impact assessment focuses on the implementation of the Joint Venture Development Agreement (JVDA) between the National Police Commission (NAPOLCOM), the Bases Conversion and Development Authority (BCDA), and a joint venture formed by Megaworld Corporation and other participants in the private sector for the development of the 7.1-hectare NAPOLCOM site in Fort Bonifacio, Taguig, Metro Manila. The JVDA was geared toward developing the site into a mixed-use project and constructing essential government facilities, including an office building in Quezon City, office space in Bonifacio Global City, and subsidized housing units for qualified government personnel.
With a quantitative descriptive study design, the study aimed to measure stakeholder views on the physical delivery of projects, the functional use of facilities, governance/compliance strategies, asset optimization, and socio-economic outcomes. Data were collected from 385 respondents from various government agencies and partnering institutions. The results indicate that although the JVDA successfully delivered modern office space and housing units, several challenges remain, particularly regarding the post-delivery use of the assets.
In conclusion, this research establishes that joint venture structures work well as urban renewal tools, provided that effective governance and post-delivery management arrangements are in place. Several lessons can be derived from this research to inform practice in public asset management.
Keywords: Urban redevelopment, public–private partnership, joint venture development agreement, management of public assets, infrastructure management
