BCDA revenues up 20% in 2025

The Bases Conversion and Development Authority (BCDA) reported a 20% increase in its cash revenues in 2025, driven mainly by stronger private-sector activity in its economic zones during the period.

BCDA said its cash revenues rose by 20.9% to P14.1 billion in 2025 from P11.6 billion in 2024, surpassing its P10-billion target by more than 40%.

The growth was supported by land dispositions, lease arrangements, concession fees, and investment-related receipts.

Revenue growth was also reportedly fueled by higher private-sector investments, improved performance of transport-related concessions, and continued investor uptake in New Clark City and Camp John Hay.

Last year, BCDA said it received P1 billion in investments from lease agreements in Camp John Hay in Baguio just two months after it took control of the former American military base.

The agency earlier said it was aiming to generate P10 billion worth of investments from the takeover, as it plans to offer 70 hectares of untapped land in the area to the private sector.

“BCDA’s 2025 results show that investor confidence in our economic zones is strengthening, driven by disciplined asset management and projects that are ready for execution,” BCDA President and Chief Executive Officer Joshua Bingcang said in an emailed statement.

“This allows us to convert land value into real cash flows that directly support government priorities,” he added.

BCDA is mandated to help strengthen the Armed Forces of the Philippines while pursuing urban development.

It also engages in public-private partnerships to boost infrastructure projects such as tollways, airports, seaports, and major real estate developments.—MCG, GMA Integrated News