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Brix Lelis - The Philippine Star
August 8, 2025 | 12:00am
Bases Conversion and Development Authority
PNA / File photo
MANILA, Philippines — State-run Bases Conversion and Development Authority (BCDA) has drawn around P53.5 billion in approved investments across its growth centers from January to July.
This marked a 63.8-percent growth from the same period last year’s P32.7 billion.
The BCDA expects the investments to generate about 7,000 new jobs across its economic zones, particularly in New Clark City in Tarlac and Camp John Hay in Baguio.
“These numbers represent opportunities for thousands of Filipinos and signal the private sector’s trust in our vision of building resilient, smart, and inclusive cities,” BCDA president and CEO Joshua Bingcang said.
In the first seven months, the state-run firm facilitated investments of Science Park of the Philippines Inc., Sta. Clara International – Saekyung Realty and Bangko Sentral ng Pilipinas in New Clark City.
Other recently signed contracts with BCDA include Ayala Land Inc., Stern Real Estate, Top Taste and Trading Inc., Amare La Cucina and Prime Collective Corp. for developments in Camp John Hay.
“As we drive progress in Central and Northern Luzon, we are proving that government-led development can attract private capital, unlock economic potential and transform entire regions,” Bingcang said.
These positive results, he added, reflect the “growing momentum behind public-private partnerships in transforming government-owned developments into engines of economic growth.”
This also supports the Marcos administration’s eight-point socioeconomic agenda, particularly in areas such as job creation, regional development and enhancing the country’s investment climate.
Under Republic Act 7227, the BCDA is mandated to transform former military bases into economic hubs, in partnership with the private sector.
Aside from economic zones, BCDA is also engaged in pushing forward the development of vital public infrastructure such as tollways, airports and seaports.
