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October 18, 2021

Hearing on BCDA’s budget: Sen. Sonny Angara presides over a virtual hearing of Finance Subcommittee A on the Bases Conversion Development Authority’s (BCDA) 2022 proposed budget Monday, October 18, 2021. Aileen Zosa, BCDA's executive vice president, said the agency, which is mandated to catalyze nationwide growth, has a proposed budget of P6.487 billion, up from the 2021 approved budget of P2.610 billion. As of September 2021, BCDA has a utilization rate of 76 percent, equivalent to P1.972 billion worth of contracted and awarded projects. Angara asked the status of civil works in the 75-km Subic-Clark Railway Project. Zosa said it has been awarded to a Chinese firm, and the project's target completion is 2024. (Screen grab/Senate PRIB)

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