PHILIPPINE REAL ESTATE and RELATED NEWS in and around the country . . .

Consultants drawing up masterplan for Fort Bonifacio lots

Vol. XXII, No. 176 [ BusinessWorld Online ]

Wednesday, April 8, 2009 | MANILA, PHILIPPINES

CONSULTANTS Filipinas Dravo Corp. and Parsons Brinckerhoff Philippines, Inc. have been chosen to draft the masterplan that will guide the development of military lots in Fort Bonifacio, Taguig, the Bases Conversion and Development Authority (BCDA) said yesterday.

The two firms — which had jointly proposed a contract price of P9.948 million for the masterplanning — formally entered into a contract with the state agency on March 27 as the winning bidder, BCDA Vice-President Aileen R. Zosa said in a telephone interview.

Filipinas Dravo and Parsons Brinckerhoff will draw up the masterplan for a 119-hectare area composed of nine adjoining lots which include six that form South Bonifacio.

The rest are nearby lots for the Philippine Army depot and dental dispensary, the National Mapping and Resource Information Authority (NAMRIA), and "consular areas," the BCDA said in a notice dated March 17 and posted on its Web site.

The plan is expected to be completed by the first week of June as the BCDA aims to start bidding out the lots by the third quarter.

The area is eyed for mixed use "with a significant portion for residential areas", Ms. Zosa said.

"We are disposing of them. We have a schedule. But it depends on the market because we’re under the global financial crisis," Ms. Zosa said.

Ms. Zosa had said a masterplan for the 119-hectare area would boost the property prices of the covered lots.

The two firms had worked for BCDA before, providing masterplans, engineering designs and traffic routing drafts, Ms. Zosa said. — Jessica Anne D. Hermosa


real estate central philippines
Copyright ©2008-2018