Tuesday, 3 February 2009

Taguig to build own version of Eastwood City off C-5

By Ferdinand Fabella
The Manila Standard

A NEW commercial district will soon rise along C-5 Road in Taguig City as part of its P1-billion urban development program.

Called Skyline City, the planned entertainment and commercial area will be put up along a 1.5-kilometer portion of C-5 Road in Ususan village, complete with a shopping mall and medium- to high-rise buildings, according to Taguig Mayor Freddie Tinga.

Tinga last week signed a P1-billion joint-venture agreement with R-II Builders Inc. through its chairman, Reghis Romero II, for the mixed-use development of 11-hectares in the villages of Ususan and Bagong Tanyag.

“This will realize our ‘One Taguig’ vision” Tinga said, adding the project would benefit “all sectors” of his city.

Initially, Skyline City will cover an 8.8-hectare area along the Ususan village portion of C-5 Road, between the Petron and Shell gas stations, and will be patterned after Eastwood City in Libis, Quezon City.

Tinga said that aside from a mall, medium- to high-rise buildings would also be built to house various businesses including call centers.

The other component of the P1-billion development project will involve the construction of medium-rise residential buildings in Bagong Tanyag village for qualified city employees, policemen, teachers and squatters.

The qualified beneficiaries would also be given livelihood opportunities through a P100-million cash outlay by R-II Builders, Tinga said.

Tinga signed the agreement with R-II Builders chairman Reghis Romero II and director Mikee Romero, and City Administrator Wilfredo Villar.

Villar said construction of the Skyline City and Bagong Tanyag housing projects would start this year, and would be completed in two to three years.

Under the 25-year joint venture agreement, R-II Builders will finance the development projects including the relocation of the qualified beneficiaries for the housing projects.

“The city government will not spend a single centavo in this venture. R-II will finance all the development,” Villar said, adding the city government would make money from the taxes and rentals of business establishments in Skyline City.

He said about 30,000 local employees and qualified squatters would benefit from the housing project.

1 comment:

  1. napaka ganda ng project ni mayor tinga may budget kaya para rito. papaano ung mga nakatira dito. kaya ba gusto ni mayor tinga i push ung project niya ay dahil sa karamihan o lahat ng mga residente dito ay panay voters ng makati. gumaganti kaya itong si mayor tinga sa mga taga makati na nakatira sa sinasabi niyang lugar niya. kung titignan mo sa mapa halos makati portion ung kinukuha niya. halos sa makati na itong lugar dahil lahat ng botante ay makati.