Friday, 13 August 2010

SM Land offers P20 billion for BCDA property

By BERNIE CAHILES-MAGKILAT
Manila Bulletin
http://www.mb.com.ph/articles/272026/sm-land-offers-p20-billion-bcda-property

SM Land Inc. has offered to invest P20 billion for the development of the 33.1 hectare prime government property south of Fort Bonifacio and a secured yearly revenues totaling P25.9 billion over a 20-year period.

The state-owned Bases Conversion and Development Authority (BCDA) Thursday announced that SMLI’s unsolicited joint venture proposal would be subject to competitive challenge as required under Annex C of the NEDA Joint Venture (JV) Guidelines.

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