The Bases Conversion and Development Authority (BCDA) secured nearly Php64 billion in approved investments year-to-date, reflecting strong investor confidence in BCDA’s efforts to develop world-class economic centers, particularly New Clark City and Camp John Hay.
These key investments, backed by both local and international partners, serve as a clear testament to strong business confidence in the nation’s economic fundamentals and attractiveness as a premier investment hub.
The momentum is strongly reinforced by the national government’s proactive support, which includes prioritizing vital infrastructure projects within BCDA zones and maintaining a stable, pro-development policy environment crucial for long-term capital infusion.
Since January this year, the BCDA facilitated Php63.97 billion in approved investments, increasing by 99.5 percent from the Php32.06 billion seen in the same period last year. These investments are expected to generate approximately 8,476 employment opportunities, marking a 29.11 percent increase over the previous year.
BCDA President and CEO Joshua M. Bingcang said the robust performance shows the growing investor confidence in BCDA’s master-planned developments, as well as the success of the government’s economic policies.
“This achievement underscores BCDA’s vision to be the catalyst for a future where strategic infrastructure development translates into sustainable, investment-led growth, simultaneously creating the platform for more and better job opportunities for all Filipinos,” Engr. Bingcang said.
This growth is concentrated across BCDA-managed economic zones, particularly in New Clark City in Tarlac and Camp John Hay in Baguio, where investor activity has significantly ramped up in recent months.
Major investors and partners that signed contracts with BCDA this year are Eagle-K GC Corp.; Eagle-K RV Corp.; the consortium of Global Heavy Equipment & Construction Corp., ATD Waste-to-Energy Corp., and Uttamenergy Ltd.; Science Park of the Philippines, Inc.; Sta. Clara International–Saekyung Realty; and Bangko Sentral ng Pilipinas for developments in New Clark City; as well as Istana Development Corp. and Meridian Commercial Centers, Inc.; Ayala Land, Inc.; Stern Real Estate; Top Taste and Trading, Inc.; Amare La Cucina; and Prime Collective Corp. for developments in Camp John Hay.
“We remain optimistic and actively encourage our investors to partner with BCDA as we make a vital headway in our mission to contribute to national economic and inclusive development,” Engr. Bingcang added.
BCDA, a government instrumentality vested with corporate powers under Republic Act 7227, remains a major force in creating economic opportunities in the country through its establishment of integrated developments, dynamic business centers, and vibrant communities.
