The Bases Conversion and Development Authority (BCDA) has surpassed its target of P10 billion in cash revenues, recording a collection of P14.1 billion due to the agency’s solid liquidity position and improved cash generation, supported by increased private-sector activity in its economic zones.

According to BCDA president and chief executive officer Engr. Joshua M. Bingcang, the P14.1-billion cash revenue collection has exceeded its 2024’s cash revenue collection of P11.69 billion, or an increase of 20.9 percent.

“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,” said Bingcang, adding that “this allows us to convert land value into real cash flows that directly support government priorities.”

He said that the transfer of BCDA properties for priority infrastructure projects reflects the agency’s role in advancing connectivity and inclusive economic growth.

BCDA liquidity and cash performance

Cash revenues refer to actual collections received within the year, providing a clear picture of BCDA’s liquidity and cash performance.

This differs from prior disclosures based on accrual accounting reflected in audited financial statements, which include revenues recorded but not yet collected.

BCDA’s 2025 cash revenues were generated from a combination of land dispositions, lease arrangements, concession fees, and investment-related receipts across BCDA-administered economic zones.

These were supported by higher private-sector investments, improved performance of transport-related concessions, and continued investor uptake in strategic growth areas such as New Clark City and Camp John Hay.

AFP modernization program

From the P14.1 billion cash revenues generated in 2025, an estimated P3.29 billion is expected to be remitted to support the Armed Forces of the Philippines (AFP) Modernization Program.

This is on top of BCDA’s cumulative P103 billion contribution to the AFP Modernization Program and the replication of military facilities from May 1993 to December 2025, in line with Republic Act No. 7227 or the Bases Conversion and Development Act.

Under the law, BCDA transforms former US military bases and Metro Manila camps into centers of economic growth, generating revenues through land development and partnerships, while channeling proceeds to national defense, priority infrastructure, and socioeconomic programs of the government.

“BCDA remains focused on sustaining strong cash performance,” Engr. Bingcang said. “This enables us to reinvest in high-impact projects, help strengthen national defense, and deliver long-term value for the Filipino people.”