Property giant Ayala Land Inc. (ALI) is asking Mayor Antonio Calixto of Pasay City to put on hold the unsolicited proposal to reclaim 300 hectares of land from Manila Bay.
ALI had up to Monday to submit a counterproposal to the unsolicited proposal of SM Land Inc. to reclaim 300 hectares of land from Manila Bay. ALI asked for a 60-day extension to prepare its counterproposal, but this was turned down by the Pasay City government last week.
Through a letter addressed to Calixto, the property development firm said that the proposed joint venture (JV) agreement for the project should be “clarified prior to bid,” pointing out that the local government should use the recently passed 2013 JV guidelines by the National Economic and Development Authority (NEDA), instead of the 2008 JV NEDA guidelines used by the Pasay government.
“As the Pasay project would now be in possible conflict with national priority plans, this matter will need to be clarified prior to any bid. We regret that we cannot submit a counterproposal, and we urge you to resolve such critical issues before proceeding with the bid process and awarding the project to any party,” ALI said in its letter to Calixto.
ALI further said that adoption of the 2013 NEDA JV guidelines will give competing companies in a project “at least 120 days to submit a counter proposal.”
Bobby Dy, ALI chief operating officer, said that the company wants a comprehensive master plan for the project, which will involve tapping leading international reclamation experts to ensure the preciseness of the project.
“We have spoken to a leading international engineering company, with vast experience in reclamation all over the world, and they said that it will take a minimum of two months to come up with a well thought-out development plan,” he added.
Besides considering the adoption of the 2013 NEDA JV guidelines, ALI also said that the Philippine Reclamation Authority (PRA) has not yet approved the reclamation project.
“The PRA notice also mentioned that in August of this year, it had given a letter to Pasay City informing them of a proposed Government Center Project in the same area,” ALI said in a statement.
In addition, ALI immediately paid the clarified bid document fee of P150,000 once the Pasay government released the final bid document price, and said that it received “detailed notification of receipt of unsolicited proposal and tender documents,” which give them the right to bid for a reclamation project.
The Pasay City government earlier stated that companies that could participate in the reclamation project should have completed similar reclamation project of not less than 120 hectares, preferably in the Manila Bay area.