BCDA contributed P56.4 B to AFP in 30 years (Sabong News)
Author
Bernie Cahiles-Magkilat
Date
MARCH 13 2022
Since its creation 30 years ago, the Bases Conversion and Development Authority (BCDA) has contributed to the Armed Forces of the Philippines (AFP) a total of P56.4 billion, accounting for the biggest chunk or 44.21 percent of the P127.55-billion total asset disposition proceeds from 1993 to 2021.
In a statement, the BCDA cited its contribution to the modernization of the AFP and the construction of some of its facilities to mark the government agency’s 30th anniversary.
Of its total contribution to the AFP over the past three decades, P25.01 billion were made during the Duterte administration.
For 2021, alone, the BCDA’s contribution to the AFP has reached P7.2 billion. This will be remitted to the National Treasury this April.
“Despite challenges brought about by the pandemic, the BCDA continued to perform well and generate much-needed income from its asset disposition efforts. Aggressive policies taken to resolve long-standing disputes over properties or with business partners also played part in the BCDA’s excellent collection efforts during the Duterte administration. This, in turn, translated to higher contributions to our beneficiary agencies and stakeholders, especially our military forces,” BCDA Officer-in-Charge President and CEO Atty. Aristotle B. Batuhan said.
He added, “As the BCDA celebrates its 30th anniversary this year, we are committed to generating even more funds to strengthen the AFP and enable it to achieve its goal of becoming a world-class armed forces that is a source of national pride.”
Pursuant to its mandate under Republic Act 7227 or the Bases Conversion and Development Act, signed by former President Corazon Aquino on March 13, 1992, the BCDA generates income from the sale, lease or joint venture arrangements with private sector partners in former military camps in Metro Manila.
Portions of these proceeds are remitted to the Bureau of the Treasury every year, which are then allocated and distributed by the Department of Budget and Management to the AFP and other beneficiary agencies.
“We assure our stakeholders, including the AFP, that their share from our asset disposition proceeds are remitted to the national government every year, without fail, in compliance with laws and regulations,” Batuhan said.
The BCDA’s contributions to the AFP consist of two components—contributions for the AFP Modernization Program and the replication of military facilities.
Just last week, the BCDA turned over modern facilities to the Army Support Command of the Philippine Army, as part of efforts to relocate the unit’s headquarters in Camp Servillano Aquino in Tarlac.
The BCDA is also currently building the Special and Technical Staff building for the Special Service Center and Division Administrative Command Center at Fort Bonifacio, Taguig City, while gearing up for the relocation of the Philippine Marine Corps’ headquarters to Bataan Technology Park in Morong, Bataan.
