The Bases Conversion and Development Authority (BCDA) recorded a strong financial performance in 2024, with total gross revenues reaching Php22.1 billion—triple the Php7.3 billion posted in 2023 and well above the earlier projection of Php11 billion. The surge reflects BCDA’s growing impact in transforming former military bases into engines of national development and economic opportunity.
The Bases Conversion and Development Authority (BCDA) recorded a strong financial performance in 2024, with total gross revenues reaching Php22.1 billion—triple the Php7.3 billion posted in 2023 and well above the earlier projection of Php11 billion. The surge reflects BCDA’s growing impact in transforming former military bases into engines of national development and economic opportunity.
The increase was fueled by multiple income streams, led by gains from a joint venture agreement with a private developer amounting to Php13.9 billion. Service concession revenues rose to Php3.4 billion in 2024 from Php2.5 billion in 2023, driven by toll rate hikes and strong growth in airport operations, including passenger traffic, cargo, and flights. Business and lease income, meanwhile, amounted to Php1.59 billion in 2024.
“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,” said BCDA President and CEO Engr. Joshua M. Bingcang. “These revenues are not just figures. They represent opportunities for inclusive growth, quality jobs, and better lives for the Filipino people.”
Under Republic Act No. 7227, the BCDA is mandated to transform former military camps into centers of growth. Revenues are generated through land disposition, lease, joint ventures, and concession fees. A portion of these funds is remitted to the Bureau of the Treasury as dividends and contributions to the Armed Forces of the Philippines for its Modernization Program and other beneficiary agencies.
The rest is reinvested into infrastructure projects that strengthen economic zones, improve regional connectivity, and attract investments.
