BCDA gets PHP7.72B in investments, up from PHP2.49B last year

The Bases Conversion and Development Authority (BCDA) received PHP7.72 billion in investments from January to March 2025, a significant increase from PHP2.49 billion during the same period in 2024.

BCDA president Joshua Bingcang attributed this surge to the private sector's confidence in properties like New Clark City and Camp John Hay, which are expected to drive economic growth and create employment opportunities.

Local investors contributed PHP5.81 billion while foreign investors added PHP1.91 billion to these projects.

One major investment is a 50-year lease agreement for a 100-hectare industrial park in New Clark City by the Science Park of the Philippines, Inc., with a project cost of PHP2.7 billion and a total commitment of PHP30 billion over the contract term.

Another significant project involves a PHP4.8-billion housing facility in New Clark City developed by a Filipino-South Korean consortium to support President Marcos's Pambansang Pabahay Para sa Pilipino Program.

Camp John Hay also saw new investments from four local firms, including hotel and food court expansions as well as the opening of new restaurants and cafes.