Manila, May 18 -- Bureau of Corrections (BuCor) Director General Gregorio Pio Catapang on Monday said the New Bilibid Prison (NBP) site will be transformed into a mixed-use property that could generate steady revenue to support the Bureau's ongoing development and modernization plan.

Catapang made this remark as BuCor hosted a market-sounding summit at The Somerset in Alabang, Muntinlupa City, where the bureau unveiled plans to unlock its vast assets in preparation for the NBP's closure by 2028.

He said the summit focused on the 160-hectare portion of the NBP property available for purely commercial leasing arrangements, and an additional 106 hectares slated for Public-Private Partnership (PPP) or Joint Venture (JV) agreements.

Catapan...