The sharp rise reflects renewed investor confidence in the government-run firm’s ability to transform former military lands into vibrant growth centers, particularly New Clark City in Tarlac and Camp John Hay in Baguio City.
BCDA President and CEO Joshua M. Bingcang credited the surge to the private sector’s strong belief in the long-term prospects of BCDA’s ecozones.
“These high-impact investments will spur increased business activity, fuel economic growth, and create more jobs and livelihood opportunities for nearby communities,” Bingcang said.
Local investors accounted for the bulk of the approved investments, contributing P5.81 billion, while foreign investors brought in P1.91 billion.
A major contributor was Science Park of the Philippines Inc., which signed a 50-year lease to develop a 100-hectare industrial park in New Clark City with a total investment of P2.7 billion.
Meanwhile, a Filipino-South Korean consortium—composed of Sta. Clara International Corp., Saekyung Realty Corp., and Korea Overseas Infrastructure and Urban Development Corp.— pledged P4.8 billion for an affordable housing project in New Clark City. Part of this initiative supports the Marcos administration’s Pambansang Pabahay Para sa Pilipino Program.
In Baguio’s Camp John Hay, the BCDA partnered with four local firms to revitalize the hospitality and food sectors. Stern Real Estate and Development Corp. committed P178 million to continue leasing and expanding the Le Monet Hotel and the Filling Station food court. Top Taste and Trading Inc., Prime Collective Corp., and Amare La Cucina pledged P20 million, P20 million, and P30 million respectively to build new dining establishments.
“We continue to build inclusive, sustainable, and future-ready cities and invite more partners to join us in shaping the nation’s future,” Bingcang added.
BCDA, established under Republic Act 7227, plays a crucial role in unlocking economic potential through world-class urban developments and business centers. —Ed: Corrie S. Narisma
