The Bases Conversion and Development Authority (BCDA) has surpassed its P10-billion cash revenue target, recording P14.1 billion in collections, driven by strong liquidity and improved cash generation supported by increased private-sector activity in its economic zones.

BCDA President and Chief Executive Officer Joshua M. Bingcang said the P14.1-billion cash revenue collection exceeded the agency’s 2024 cash revenues of P11.69 billion, reflecting a 20.9 percent increase.

“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 the agency to convert land value into real cash flows that directly support government priorities.

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

BCDA clarified that cash revenues refer to actual collections received within the year, offering a clearer picture of liquidity and cash performance. This differs from accrual-based figures reflected in audited financial statements, which include revenues recorded but not yet collected.

The agency said its 2025 cash revenues were generated from 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.

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

This is in addition to 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 through land development and public-private partnerships, while channeling proceeds to national defense, priority infrastructure, and government socioeconomic programs.

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