Posted on November 11, 2012 10:30:26
PM[ BusinessWorld Online ]
AYALA LAND, INC. is looking to partner
with the Public Works department for the construction of a new road and bus
terminal at the Food Terminal, Inc. (FTI) complex, part of which was won by the
property firm in an auction earlier this year.
Having noted that projects such as the
C-5/FTI/Skyway Connector would improve access to the industrial estate, Ayala
Land investor communications head Pamela T. Perez said the developer was
"interested in planning them with the government."
A feasibility study for the
6.8-kilometer connector is being studied by Department of Public Works and
Highways (DPWH). The project cost has been pegged at P5.64 billion, with construction
scheduled to take three years starting 2013.
Ms. Perez said Ayala Land was also
exploring the feasibility of constructing a transport terminal that would
ensure easy access to and from the nearby cities of Makati, Taguig, and Pasay.
"There is the possibility that
the Skyway/C-5 connector road project would enable a bus rapid transit system
to run along C-5 between Makati CBD (central business district), BGC (Bonifacio
Global City), FTI and NAIA (Ninoy Aquino International Airport) in the future.
We are consequently coordinating with DPWH on the design of this bus
terminal," she said.
The property firm won the bidding for
74 hectares of FTI last August, submitting a P24.331-billion offer to the
government. The industrial estate, currently home to over 300 light- to
medium-scale firms, will be developed into a new business district.
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