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By Likha Cuevas-Miel, Reporter
In a statement, Megaworld Corp. said its
affiliate First Oceanic Property Management Inc. will operate and
beef up the bus company CityLink Coach Services Inc., which
initially had five class-A buses and plans to add another five
within this year.
First Oceanic has earmarked about P100 million
for CityLink, which aims to service residents and workers of
Megaworld’s real estate projects, especially the business
outsourcing employees in Fort Bonifacio and Eastwood.
Megaworld said providing public transport has
improved the live-work-play-learn concept that was successfully
employed in Eastwood City. The property firm said passengers would
only shell out P25 to get to Ayala Ave from Eastwood City.
CityLink had secured the franchise from the Land
Transportation and Franchising Regulatory Board on March 6 so that
its buses could ply the Eastwood City, Quezon City-Newport City,
Pasay via C5 route. It had also tied up with transportation groups
and set up a terminal that would also service employees and
residents of McKinley Hill Cyberpark, also in Fort Bonifacio.
Megaworld credited CityLink for its contribution
to the growth of BPO companies in its township projects. “With the
rapid growth of our mixed-used new township project in Fort
Bonifacio, McKinley Hill, we are expecting an influx of workers and
residents in the months to come,” Jericho Go, Megaworld first vice
president, said.
Moreover, Go said the transport system benefits
start-up and established companies in Eastwood City and McKinley
Hill Cyberpark as it could improve employee retention and cut costs
on transportation expenses.
He said CityLink would also include the future
BPO locations such as Newport City across NAIA 3 and Cityplace in
Binondo, Manila in its routes.
Meanwhile, Megaworld continues to develop
McKinley Hill and targets to finish at least two new BPO office
buildings in Cyberpark alone within one year. The firm is pouring
P12 billion in investments in McKinley Hill within the next few
years to transform it into a BPO hub. About P3 billion has already
been allocated for the project’s commercial component while
another P18 billion was already alloted for development of
residences, including McKinley Hill Village.
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