Former CIAC chief Engr. Bingcang now heads BCDA
Published Jun 6, 2023 09:08 am
Engr. Joshua M. Bingcang, former president and chief executive officer (PCEO) of Clark International Airport Corp. (CIAC), has been appointed as new acting PCEO of the Bases Conversion and Development Authority (BCDA) and as a member of its Board of Directors.
BASES CONVERSION and DEVELOPMENT AUTHORITY NEW LEADER -- Engr. Joshua M. Bingcang taking his oath before Executive Secretary Lucas Bersamin as new acting president and chief executive officer (PCEO), and member of Board of Directors of the Bases Conversion and Development Authority.
President Ferdinand R. Marcos, Jr. signed Bingcang’s appointment on June 2, 2023, according to a BCDA statement welcoming their new chief. Bingcang replaced Aileen Anunciacion R. Zosa, who rose from the BCDA ranks for over 27 years of service and was sworn into office as BCDA PCEO on 11 August 2022. Aside from CIAC, Bingcang also served as senior vice president of BCDA. During his stint at BCDA, Bingcang managed and supervised some of the organization's biggest development projects, such as the construction and maintenance of the Subic-Clark-Tarlac Expressway, the development of Clark Freeport Zone, the construction of first phase of the National Government Administrative Center in New Clark City, and the expansion of Clark International Airport, among others. Bingcang is a licensed electrical engineer and holds a Master’s degree in Business Administration from the University of the Philippines. He also attended an Urban Policy and Governance program at the Nanyang Technological University, and trained at the Harvard Kennedy School in Public-Private Partnerships in Infrastructure. The BCDA also thanks former BCDA PCEO Zosa for her over 27 years of service and invaluable contribution to the state-run organization, bringing it to greater heights by ensuring continuing cash inflows from existing joint ventures, leases, and other income-generating activities of BCDA. One of which was through the development of Bonifacio Global City in Taguig City and Newport City in Pasay City. As BCDA’s first Chief Sustainability Officer, Zosa was also tasked to provide guidance and direction in the design and implementation of a sustainability strategy for BCDA as well as its subsidiaries and affiliates. Rising through the ranks, Zosa started her career in BCDA as Manager for Corporate Planning and Project Development, was promoted to Vice President, and on to be the Executive Vice President and Chief Operating Officer of the state firm until July 2022. Created under Republic Act 7227, the BCDA is a government-owned and -controlled corporation which transforms former military bases into centers of economic growth. It remits the largest portion of its disposition income for the AFP Modernization Program. Meantime, BCDA said it delivered a strong financial performance after its remittances to the national government reached P7.53 billion in 2022, an increase of P2.94 billion or 64 percent from P4.59 billion in 2021. Bulk of BCDA’s remittances to the national government came in the form of disposition proceeds amounting to P6.38 billion. This amount came from the income generated by BCDA in 2021 from the sale, lease, or joint venture development of former military camps in Metro Manila, pursuant to Republic Act 7227 or the Bases Conversion and Development Act of 1992. It will then be allocated and distributed by the Department of Budget and Management to the Armed Forces of the Philippines and other beneficiary agencies.
BASES CONVERSION and DEVELOPMENT AUTHORITY NEW LEADER -- Engr. Joshua M. Bingcang taking his oath before Executive Secretary Lucas Bersamin as new acting president and chief executive officer (PCEO), and member of Board of Directors of the Bases Conversion and Development Authority.
President Ferdinand R. Marcos, Jr. signed Bingcang’s appointment on June 2, 2023, according to a BCDA statement welcoming their new chief. Bingcang replaced Aileen Anunciacion R. Zosa, who rose from the BCDA ranks for over 27 years of service and was sworn into office as BCDA PCEO on 11 August 2022. Aside from CIAC, Bingcang also served as senior vice president of BCDA. During his stint at BCDA, Bingcang managed and supervised some of the organization's biggest development projects, such as the construction and maintenance of the Subic-Clark-Tarlac Expressway, the development of Clark Freeport Zone, the construction of first phase of the National Government Administrative Center in New Clark City, and the expansion of Clark International Airport, among others. Bingcang is a licensed electrical engineer and holds a Master’s degree in Business Administration from the University of the Philippines. He also attended an Urban Policy and Governance program at the Nanyang Technological University, and trained at the Harvard Kennedy School in Public-Private Partnerships in Infrastructure. The BCDA also thanks former BCDA PCEO Zosa for her over 27 years of service and invaluable contribution to the state-run organization, bringing it to greater heights by ensuring continuing cash inflows from existing joint ventures, leases, and other income-generating activities of BCDA. One of which was through the development of Bonifacio Global City in Taguig City and Newport City in Pasay City. As BCDA’s first Chief Sustainability Officer, Zosa was also tasked to provide guidance and direction in the design and implementation of a sustainability strategy for BCDA as well as its subsidiaries and affiliates. Rising through the ranks, Zosa started her career in BCDA as Manager for Corporate Planning and Project Development, was promoted to Vice President, and on to be the Executive Vice President and Chief Operating Officer of the state firm until July 2022. Created under Republic Act 7227, the BCDA is a government-owned and -controlled corporation which transforms former military bases into centers of economic growth. It remits the largest portion of its disposition income for the AFP Modernization Program. Meantime, BCDA said it delivered a strong financial performance after its remittances to the national government reached P7.53 billion in 2022, an increase of P2.94 billion or 64 percent from P4.59 billion in 2021. Bulk of BCDA’s remittances to the national government came in the form of disposition proceeds amounting to P6.38 billion. This amount came from the income generated by BCDA in 2021 from the sale, lease, or joint venture development of former military camps in Metro Manila, pursuant to Republic Act 7227 or the Bases Conversion and Development Act of 1992. It will then be allocated and distributed by the Department of Budget and Management to the Armed Forces of the Philippines and other beneficiary agencies.