The Bases Conversion and Development Authority (BCDA) has raised P130.18 billion in proceeds from its total asset disposition from 1993 to August 2022.
In a statement, BCDA said 43 percent of the amount at P56.4 billion went to the modernization of the Armed Forces of the Philippines (AFP).
Aileen Zosa, BCDA president and chief executive officer, said the agency is tasked to help strengthen the Armed Forces and to build cities like the Bonifacio Global City, Clark Freeport and Special Economic Zone and the New Clark City.
BCDA also provides support by modernizing military facilities as part of its replication program.
Zosa said the BCDA will be more conscious in generating revenues for the modernization of the AFP and expediting the completion of much-needed military facilities.
The BCDA and the AFP have vowed to work together for the completion of the Special and Technical Staff building for the Special Service Center and Division Administrative Command Center at Fort Bonifacio, Taguig City; the Philippine Marines headquarters at Bataan Technology Park in Morong, Bataan; as well as the 65-hectare development of Philippine Air Force housing facilities in New Clark City.
