The state-owned Bases Conversion and Development Authority (BCDA) on Tuesday said it has remitted a total of P8.84 billion to the Bureau of Treasury (BTr) for the Armed Forces of the Philippines (AFP) Modernization Program under the Aquino administration.
According to BCDA President and Chief Executive Officer Arnel Paciano Casanova, the P8.84 billion in cash that it remitted to the BTr for the modernization program from July 2010 to June 2015 or the past five years has surpassed the P8.233 billion that it remitted from 1993 to June 2010.
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