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Difference between revisions of "Makati City, Philippines"
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Makati City, Philippines (view source)
Revision as of 10:33, 27 September 2011
, 10:33, 27 September 2011→Makati News
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:[[Makati News|Click here for more Makati City News]] | :[[Makati News|Click here for more Makati City News]] | ||
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<font size=3 color=black>''' | <font size=3 color=black>'''Rapid transit system on Ayala Avenue proposed'''</font> | ||
: | :Miguel R. Camus, BusinessMirror | ||
:Source:http://www. | :Tuesday, September 27, 2011 | 10:09 AM | ||
:Source: http://www.abs-cbnnews.com/business/09/26/11/rapid-transit-system-ayala-avenue-proposed | |||
MANILA, Philippines - A real estate association partly run by property giant Ayala Land Inc. (ALI) has submitted an unsolicited proposal to the Department of Transportation and Communications (DOTC) for a bus rapid transit system that will operate along Ayala Avenue in Makati City. | |||
Anna Bautista-Dy, ALI vice president of the strategic Landbank Management Group, said the build-operate-transfer proposal submitted by the Makati Commercial Estate Association (Macea), could cost P1 billion. ALI is a “minority” stakeholder of Macea. | |||
“The bus rapid transit system is one of the things we feel can really transform the city. We all know it is important but it needs to be done in a more streamlined manner,” Dy told reporters on Monday. She said Macea is still waiting for a response from the DOTC. | |||
She said Macea will operate the system, which would run “end to end” within the central building district. | |||
The new transit system aims to ease traffic along Ayala Avenue, a main thoroughfare in the country’s financial district. | |||
The Ayala Avenue stretch will be exclusively serviced by the rapid-transit buses. It will be closed to other buses and jeepneys but open to private vehicles. | |||
ALI is also developing the former Santa Ana Racetrack in Makati City into an “entertainment district,” parts of which will be ready for launch by 2012, Dy said. | |||
“We would like more live performances. It will be a more outdoor-oriented [development],” Dy said, referring to plans for the 21-hectare property. | |||
She said ALI has not yet decided whether the development will have a gaming component. | |||
ALI first announced the partnership with Philippine Racing Club in February. Located in [[Carmona, Makati, Philippines|barangay Carmona]], the property was used for horse-racing activities until the end of 2008. | |||
ALI shares declined 1.03 percent to P13.50 each on Monday’s close. | |||
==Your Story about Makati City, Philippines== | ==Your Story about Makati City, Philippines== | ||