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BCDA gross income up 13.7% to P7.4B

GROSS revenues of the Bases Conversion and Development Authority (BCDA) in 2023 amounted to P7.4 billion, up by 13.7 percent from P6.5 billion in 2022, according to its annual report.

The public-private partnership development corporation attributed its income boost to the following factors: P1.94 billion in toll revenues from the Subic-Clark-Tarlac Expressway; P675 million in dividends from the Fort Bonifacio Development Corp.; P768 million in interest income; P285 million in gross floor area sales; and from the Clark International Airport, revenues of P270 million, a 116-percent jump from P125 million a year earlier.

BCDA Chairman Delfin Lorenzana. Photos by Rio Deluvio