November 2, 2010
12/13/200909: 58 AMbr! – AddThis Button BEGIN -> More Share! – AddThis Button END -> The property arm of the Alliance Global Group, Inc. Will spend billions of pesos to develop the North Bonifacio property in Taguig City until 2011.br br In a prospectus submitted to the Philippine Stock Ecco Montreux Mens Exchange, Megaworld Corp. said it would invest an initial P3 billion in the 8.38-hectare government property in Taguig City starting this Ecco New Jersey Mens year until 2011.br br Megaworld, one of the country biggest residential developers, received the right to develop the 8.38-hectare property owned by the Bases Conversion Development Authority (BCDA) in Fort Bonifacio after it submitted a P3.15-billion bid in September.br br The company has committed to invest at least P15.6 billion in the next two decades to develop the property into a mixed-use complex.br br Under the proposal, BCDA will receive P1 .062 billion as payment and annual revenues of P306.6 million for 12 years.br br Megaworld is investing P1 billion in the project this year, P1.5 billion next year and another P500 million in 2011. Last month, the real-estate firm raised P5 billion from a bond sale to bankroll the development of the North Bonifacio property.br Doing business easy exports and imports list br The company has also set aside P2 billion for landbanking starting this year until next year.br Megaworld is in the country . – GMANews.TV