THE Bureau of Corrections (BuCor) said it has transferred 15,730 persons inmates from the New Bilibid Prison to other prison facilities nationwide since 2022 asTHE Bureau of Corrections (BuCor) said it has transferred 15,730 persons inmates from the New Bilibid Prison to other prison facilities nationwide since 2022 as

BuCor relocates over 15,000 inmates as Bilibid closure nears

2026/06/09 20:58
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

THE Bureau of Corrections (BuCor) said it has transferred 15,730 persons inmates from the New Bilibid Prison to other prison facilities nationwide since 2022 as part of preparations for the prison’s planned closure by 2028.

BuCor Director General Gregorio Pio P. Catapang, Jr. said the transfers included 100 inmates who were moved on Monday to the Leyte Regional Prison.

The bureau said the inmate transfers are linked to plans to close the New Bilibid Prison and redevelop the 375.61-hectare property in Muntinlupa City.

Mr. Catapang said BuCor recently held a summit to discuss possible uses for the prison site after its closure.

According to BuCor, about 160 hectares of the property have been identified for commercial leasing arrangements, while another 106 hectares may be developed through public-private partnership or joint venture agreements.

According to BuCor, ownership of the property will remain with the government, and no assets will be sold under the redevelopment plan.

Lease rates for the commercial area are projected at P65 to P100 per square meter a month, inclusive of value-added tax, according to BuCor.

Based on these rates, annual revenue from the 160-hectare commercial portion could reach between P1.25 billion and P1.92 billion, the bureau said. — Mark Joseph M. Sanchez

Predict & Trade to Win Rewards

Predict & Trade to Win RewardsPredict & Trade to Win Rewards

Guaranteed rewards with $500,000 prize pool

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

RealStocks Now Live

RealStocks Now LiveRealStocks Now Live

Trade real U.S. stock via regulated brokerage