Megawide unit spending P5b to build second transport terminal in Parañaque READ MORE:
Megawide said the PITX Lot 2 development project would include four levels, with commercial leasing assets occupying the floors above the bus staging area.
“The project is currently undergoing design revision and reconceptualization and is being modified to serve its best use under the new operating environment,” Megawide said. It said developments over the last six months were fluid and encouraging. Megawide said it had identified several areas as potential landport locations, with advanced discussions already taking place, to scale up its existing transport-oriented development portfolio, including PITX.
“The company expects to make more concrete headway and visibility with other projects in this segment within the next six to 12 months that will require initial funding,” it said.Megawide also said the development of Lot 2 would further improve terminal operations by providing a staging area for buses. It will also offer additional employment and business opportunities through the construction of office towers and retail establishments inside the facility.PITX is a 4.
Megawide allocated P994.7 million from the P4.3-billion preferred shares offering for the development of the second PITX.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Parañaque Mayor Olivarez tells seniors to secure booklets for free moviesParañaque City Mayor Eric Olivarez called on all seniors in the city to get movie booklets for free movies.
Read more »
Parañaque City marks 78th liberation anniversaryThe Parañaque local government celebrated on Saturday, Feb. 4, the 78th anniversary of the city’s liberation from Japanese occupation during World War II.
Read more »
Fire hits commercial property in Sucat, ParañaqueA fire broke out at a commercial property in Sucat, Parañaque City on Sunday night.
Read more »
Fire hits wood factory compound in ParañaqueA fire razed a part of a wood factory compound on Sunday, Feb. 5, in Parañaque City.
Read more »
Only Parañaque found compliant with e-business one-stop shop mandateAs the Anti-Red Tape Authority (Arta) inspected some Metro Manila local government units (LGUs) for compliance with the electronic business one-stop shop (eBOSS) requirement, only Parañaque City was
Read more »