BUSINESS
Advocates Philippines
BCDA Triples Revenues In 2024; Fueling Growth Through Strategic Partnerships And Infrastructure Development
Photo credit: BCDA
The Bases Conversion and Development Authority (BCDA) marked a milestone year in 2024, recording total gross revenues of Php22.1 billion—nearly three times higher than the Php7.3 billion earned in 2023. Notably, this figure also surpasses BCDA’s original revenue projection of Php11 billion for the year, highlighting the agency’s strengthened role in national development.
This impressive performance reflects BCDA’s expanding footprint in converting former military installations into productive centers of economic activity. The surge in revenue was largely driven by a Php13.9 billion gain from a joint venture agreement with a private developer—underscoring the agency’s ability to forge partnerships that deliver both financial returns and development outcomes.
Other key revenue sources also posted solid growth. Service concession revenues climbed to Php3.4 billion from Php2.5 billion in the previous year, buoyed by toll rate adjustments and an uptick in airport operations, including increases in passenger volume, cargo, and flight frequency. Business and lease income contributed an additional Php1.59 billion.
According to BCDA President and CEO Engr. Joshua M. Bingcang, these numbers represent more than financial achievement. “With our consistent push for innovation, strategic partnerships, and responsible development, BCDA remains steadfast in its mission to build smart, sustainable communities and deliver transformative infrastructure for generations to come,” he said. “These revenues are not just figures. They represent opportunities for inclusive growth, quality jobs, and better lives for the Filipino people.”
Established under Republic Act No. 7227, the BCDA is tasked with transforming former military camps into dynamic growth hubs. Revenues are generated through land sales, leases, joint ventures, and concession fees. A significant portion of these earnings is remitted to the national government to support the Armed Forces of the Philippines’ Modernization Program and other public institutions.
The remainder is reinvested into infrastructure projects that enhance regional connectivity, bolster economic zones, and attract both domestic and foreign investments. With this momentum, BCDA is set to play an even more influential role in shaping the country’s development trajectory in the years ahead.
This impressive performance reflects BCDA’s expanding footprint in converting former military installations into productive centers of economic activity. The surge in revenue was largely driven by a Php13.9 billion gain from a joint venture agreement with a private developer—underscoring the agency’s ability to forge partnerships that deliver both financial returns and development outcomes.
Other key revenue sources also posted solid growth. Service concession revenues climbed to Php3.4 billion from Php2.5 billion in the previous year, buoyed by toll rate adjustments and an uptick in airport operations, including increases in passenger volume, cargo, and flight frequency. Business and lease income contributed an additional Php1.59 billion.
According to BCDA President and CEO Engr. Joshua M. Bingcang, these numbers represent more than financial achievement. “With our consistent push for innovation, strategic partnerships, and responsible development, BCDA remains steadfast in its mission to build smart, sustainable communities and deliver transformative infrastructure for generations to come,” he said. “These revenues are not just figures. They represent opportunities for inclusive growth, quality jobs, and better lives for the Filipino people.”
Established under Republic Act No. 7227, the BCDA is tasked with transforming former military camps into dynamic growth hubs. Revenues are generated through land sales, leases, joint ventures, and concession fees. A significant portion of these earnings is remitted to the national government to support the Armed Forces of the Philippines’ Modernization Program and other public institutions.
The remainder is reinvested into infrastructure projects that enhance regional connectivity, bolster economic zones, and attract both domestic and foreign investments. With this momentum, BCDA is set to play an even more influential role in shaping the country’s development trajectory in the years ahead.
Jun 17, 2025
We are dedicated storytellers with a passion for bringing your brand to life. Our services range from news and media features to brand promotion and collaborations.
Interested? Visit our
Contact Us page for more information. To learn more about what we offer, check out our latest article on services and opportunities.
