BCDA Expects to Raise P48B From Sale of NAIA Property

The Bases Conversion and Development Authority (BCDA) has signed an agreement with the Manila International Airport Authority (MIAA) for the disposition of the Ninoy Aquino International Airport (NAIA) Terminal 3 property valued at P48 billion.

- By Louella Desiderio

In a social media post, the BCDA said a memorandum of agreement (MOA) was signed with the MIAA on Tuesday for the 61-hectare property.

BCDA officials led by chairperson Hilario Paredes, president and CEO Joshua Bingcang, executive vice president Gisela Kalalo and director Marvin Ponce de Leon attended the ceremony together with MIAA general manager Eric Jose Ines and senior assistant general manager Ma. Lourdes Reyes.

The MOA was signed following the expiration of the 25-year lease for the property in 2023.