SM Prime is coming up with a P100 billion reclamation project spanning Paranaque and Pasay cities and dubbed the Future City.
The Pasay city government has secured a notice to proceed (NTP) with the 360-hectare Manila bay reclamation project in joint venture with SM Prime Holdings Inc. (SMPH), the Philippine Reclamation Authority (PRA) confirmed.
According to a PRA official, the confirmation letter was sent to the Pasay city government and addressed to Pasay City Mayor Emi Calixto-Rubiano and dated 28 August. Further, the PRA official said the NTP contained conditions pertaining to the submission of a “revised design,” among others.
No copy of the letter is available as of press time. Officials of the Pasay city government contacted on the subject were also unreachable.
Prior to this, a person with knowledge of the events told the Daily Tribune that SMPH patiently waits for the Pasay local government unit cue to start the five-year reclamation project as the NTP was already in the LGU office.
SM Prime is coming up with a P100 billion reclamation project spanning Parañaque and Pasay cities and dubbed the Future City.
In November last year, the Pasay LGU signed a memorandum of agreement with SM Prime for a 300-hectare and a separate 60-hectare project in Manila bay, otherwise known as the “SM Project.” The agreement was signed between SM Prime and then-Pasay mayor Antonino Calixto.
Aside from the SM project, other agreements signed were with the Manila Goldcoast Development Corp. and the Manila local government through then-mayor Joseph Estrada for a 148-hectare Solar City project; and the Pasay City consortium and the Pasay LGU for a 265-hectare project dubbed “Pasay City Harbor project.”
https://tribune.net.ph/index.php/2019/09/27/sm-prime-gets-reclamation-project-greenlight/
No comments:
Post a Comment