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Article: PHILIPPINE GOVT AWARDS FORT BONIFACIO PROJECT TO AYALA LAND.

Article from:
AsiaPulse News
Article date:
July 20, 2000
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MANILA, July 20 Asia Pulse - President Joseph Estrada ordered the Bases Conversion Development Authority (BCDA) Wednesday to speed up the development of Fort Bonifacio as he announced that the government is set to award a multi-billion peso development project involving a portion of the property under a lease agreement to Ayala Land Inc. (ALI).

Mr. Estrada welcomed the entry of ALI in the development project, saying the firm's experience and resources will hasten the transformation of Fort Bonifacio into a vital economic center dubbed as the Global City.

"The involvement of the Ayala Group in the project will definitely spark regional and global interest ...

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