The Philippine Reclamation Authority (formerly Public Estates Authority), one of the Government’s most active development agencies, was created in February 4, 1977 by virtue of Presidential Decree 1084 to serve primarily as the clearinghouse for all reclamation projects in the country. 

PRA performs both regulatory and proprietary functions. Its programs and projects are supportive of government’s thrust towards sustaining economic gains by generating local and foreign investments in large-scale reclamation and development projects. 

PRA, which is mandated to be self-liquidating, has created assets for the Government by converting reclaimed lands into valuable and income-generating real estate properties, especially in its approximately 1,000-hectare reclamation project in Manila Bay known as Bay City (formerly Boulevard 2000) which is host to the Mall of Asia Complex, Entertainment City, Metropolitan Park, and Asia World among others. Aside from this, PRA is involved in a wide range of projects and delivery of services related to land development and urban renewal, infrastructure projects as well as financing and construction of buildings for other government agencies. 

Its charter vests PRA with the power and authority to develop and dispose public lands, to enter into contracts and loan agreements with private, public or foreign entities and to exercise the right to eminent domain in the name of the Republic of the Philippines. 
The Office of the President (OP), the Office of the Solicitor General (OSG), the Office of the Government Corporate Counsel (OGCC), the Department of Budget and Management (DBM), the Governance Commission for GOCCs (GCG), the Civil Service Commission (CSC), and the Commission on Audit (COA) provide PRA with the basic guidelines and parameters for its financial and organizational performance. 

In the implementation of its mandate, PRA coordinates with other agencies and development authorities such as the National Economic and Development Authority (NEDA), the Department of Environment and Natural Resources (DENR), the Department of Public Works and Highways (DPWH), the Department of Transportation (DOTr), the Department of Finance (DOF), the Department of Science and Technology (DOST), the Metropolitan Manila Development Authority (MMDA), and local government units. 

The PRA continuously broadens its studies and exploration on sources of land fill materials, consistently updating its engineers on the upgraded techniques of dredging and reclamation, and strengthening its force on the monitoring of reclamation and land development projects including the compliance of project proponents with the conditions of their respective Environmental Compliance Certificates. It is also actively monitoring and issuing cease and desist orders against unauthorized and illegal reclamation. These efforts assure that the institution adheres to the principles of environmental governance and sustainable development. 

As for its disaster risk reduction initiatives, climate change adaptation, and community resilience initiatives, PRA also endeavors to establish coastal protection strategies in vulnerable areas nationwide. The Authority envisions putting up hard and soft engineering structures that are climate change adaptive and economically beneficial to communities with the objective of developing coastal protection measures to minimize the impacts caused by natural and man-made hazards. The initiative, piloted in Tacloban City and Palo, Leyte and now aimed to be replicated in other vulnerable areas, produced a comprehensive master plan crafted by PRA and international experts. Further, to ensure environmental sustainability on reclaimed lands, the PRA mandates the integration of green spaces in all reclamation projects.

And, as it prepares itself for the greater demands of the ensuing years, PRA pledges to stick to the time-tested manner of serving the Filipino people – through utmost professionalism and transparency.