The sharp rise was largely attributed to a P13.9-billion windfall from a joint venture agreement with a private developer.
Revenues from service concession arrangements also rose to P3.4 billion from P2.5 billion the previous year, buoyed by toll rate adjustments and robust growth in airport operations, including increased passenger traffic, cargo volumes, and flight movements.
BCDA's business and lease income contributed P1.59 billion to the total, reflecting sustained demand for its land and facilities.
“These revenues are not just figures. They represent opportunities for inclusive growth, quality jobs, and better lives for the Filipino people,” BCDA President and CEO Engr. Joshua M. Bingcang said in a statement.
Under Republic Act No. 7227, BCDA is mandated to transform former military installations into growth hubs. Proceeds from its operations are shared with the Bureau of the Treasury and fund the Armed Forces of the Philippines Modernization Program, while the rest is reinvested in infrastructure to boost regional connectivity and attract investment. —Ed: Corrie S. Narisma
