BCDA surpasses previous admin AFP contributions
CLARK FREEPORT--The Bases Conversion and Development Authority (BCDA) made a record-high contribution to the Armed Forces of the Philippines in the first five years of the Duterte administration.
BCDA contributed P17.8 billion from 2016 to 2021 to the AFP, higher than the P13 billion turned over by the previous administration in six years.
“The goal of BCDA is to breach or exceed the contribution to the AFP by previous administration as we still have around one year left of the Duterte administration,” Vince Dizon, BCDA President and Chief Executive Officer, said adding that this reflects the commitment and support of the Duterte administration to upgrade and modernize the capabilities of the nation’s AFP.
Dizon stressed that BCDA remains steadfast not only in its support for the military, but for all Filipinos reeling from the impact of the Covid-19 pandemi c.
“These challenging times should not deter us from delivering our commitment of strengthening the AFP while building great cities. We will intensify our development projects with the private sector to help in the recovery of our economy and provide more job opportunities for our countrymen," Dizon said.
BCDA’s accomplishments have generated about 400,000 jobs, attracted over 1,000 locators in the special economic zones under the BCDA group, and poured in around $4 billion investments in special economic zones. The combined asset value of the BCDA group is around $10 billion to date.
Some of its major assets include Subic-ClarkTarlac Expressway (SCTEX), a seaport in Subic and in Poro Point in La Union, Clark International Airport, Subic International Airport, and a small airport in Poro Point Freeport Zone, La Union.
“BCDA generates revenues for the government. We generate disposition proceeds from the sale, lease, or joint venture of the arrangements with our private sector partners in Fort Bonifacio and Villamor Air Base. BCDA then receives these disposition proceeds and actually remits these proceeds right away every year, without fail, to the National Treasury, while leaving the BCDA share with BCDA. Under the law, it’s the National Treasury and the Department of Budget and Management that provide, allocate, and release the funds to the AFP and other beneficiary agencies. BCDA does not keep any money from the government agencies,” Dizon said.
Under the law, there are more than 20 government agencies that benefit from the disposition proceeds undertaken by BCDA.
Some of these are the Department of Transportation, Department of Public Works and Highways and Department of Science and Technology.
From May 1993 to December 2020, disposition proceeds generated by BCDA have reached a total of Php 112 billion.
About Php 49 billion or 44 percent of the entire pie goes to the AFP, while BCDA has a share of 32 percent or P36 billion.
AFP is the main beneficiary of the disposition proceeds, used largely for its modernization program.