State-run Bases Conversion and Development Authority (BCDA) aims to double its investment target to P70 billion in 2025, building on its strong performance in the first seven months, a top executive said over the weekend.
BCDA president and chief executive Joshua Bingcang said the agency would undertake an investment mission to Japan on Sept. 3, followed by a Korea leg in the first week of October, which would help improve its investment standing for the year.
BCDA will sign three agreements in Japan covering information and communications technology, infrastructure development for Clark and waste-to-energy renewable projects.
An agreement in Korea focused on utilities, with an investment component, is being finalized and will be announced upon completion, Bingcang said.
The agency also bolstered logistics deals this year, tripling lease payments from P180 million to P490 million after it updated the lease agreement for the Ninoy Aquino International Airport Terminal 3 with the Manila International Airport Authority (MIAA). It also renegotiated contracts with global couriers FedEx and UPS.
The push to accelerate investments follows BCDA’s strong results in the first seven months of 2025, when it recorded P53.5 billion in approved investments, a 63.82-percent increase from P32.65 billion in the same period last year.
Revenues are generated through land disposition, lease, joint ventures and concession fees, with a share remitted to the Bureau of the Treasury for the Armed Forces’ Modernization Program and other beneficiaries.
The rest is reinvested into infrastructure to strengthen economic zones, improve connectivity, and attract new capital.
“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,” Bingcang said.
Bingcang said BCDA is on track to exceed P100 billion in cumulative remittances to the national government this year, supported by stronger revenue streams and progress in key rail projects.
Bingcang said remittances would likely reach about P103 billion by end-2025, from P96 billion as of May.
Revenues are also expanding with the takeover of Poro Point operations in La Union, which BCDA assumed from a private operator in October 2024.
The facility is expected to generate around P80 million this year, a sharp increase from only P5 million previously collected from seaport activities.
BCDA signed a right-of-way agreement with the Department of Transportation (DOTr) for the Metro Manila Subway Project (MMSP) alignment inside Bonifacio Global City (BGC).
The deal grants permanent subterranean rights for a 5-kilometer stretch covering three stations – Uptown, Market! Market! and near the Senate building.
The agreement allows the DOTr and its contractors to begin preparatory works within BGC, including the launch of a tunnel boring machine by late 2025.
The BGC segment forms part of the 33-kilometer Mega Manila Subway, which will run from Quezon City to FTI in Taguig.
