BCDA’s Gross Revenues Surge to Over PHP22-Billion in 2024
Manila: The Bases Conversion and Development Authority’s (BCDA) total gross revenues witnessed a significant increase, reaching PHP22.1 billion in 2024, compared to PHP7.3 billion the previous year. According to Philippines News Agency, the BCDA announced that this revenue not only tripled but also exceeded the earlier projection of PHP11 billion. The authority attributed this surge to multiple income streams, notably from a joint venture agreement with a private developer, which brought in PHP13.9 billion. Service concession revenues experienced an increase, reaching PHP3.4 billion in 2024 from PHP2.5 billion in 2023. This was largely driven by toll rate hikes and a