ALI wins P4B ITS project

Ayala Land Inc. (ALI) has bagged the P4 billion Integrated Transport System-South Terminal Project after offering a lower annual grantor payment of P277.89 million against Filinvest Land’s P1 billion.

“Of course we’re very happy that we won the bid today, I guess this is an important project for us because we’re developing Arca South so we feel this a very strategic project. And it’s a good project for the country to help declog Metro Manila, so we’re very happy with the result of the bid today,” Alfonso Javier Reyes, Head Transportation and Power Business, ALI-Capital told reporters at the sidelines of the opening of the financial bids.