MANILA, Philippines - Ayala Land on Wednesday maintained that putting the MRT-LRT common station in front of its Trinoma mall would be beneficial for more people, especially with the on-going development of the Quezon City business district.
"The technical argument showed Trinoma is the ideal location for that (common station) and more people will benefit if it is located in Trinoma," Ayala Land president Bobby Dy said in an interview on ANC.
This comes after the Department of Transportation and Communications (DOTC) proposed two common stations, one near SM North EDSA and another near Trinoma mall, as a "win-win" solution to the ongoing legal battle between the two parties.
SM, which signed a 2009 memorandum of agreement with the Light Rail Transit Authority (LRTA) for the common station, was able to obtain a temporary restraining order issued by the Supreme Court preventing the transfer of the station to Trinoma.
Dy said the decision on two common stations would be up to the DOTC to decide.
But Dy cited three reasons why Trinoma would be a better location for the common station.
"More people would benefit with the Quezon City Vertis North business district (next to Trinoma)... And government will save about a billion pesos, instead of doing 2 stations. Third is quite important, it will be much faster to execute, which means the public stands to benefit with that infrastructure project in a faster way," Dy said.
Ayala Land is currently developing Vertis North, located next to Trinoma, as a mixed-use urban complex. The company allocated P65 billion to develop the National Housing Authority (NHA) property, which is touted to become Quezon City's central business district.
Phase 1, which would cost P15 billion, will have three new high-rise residential towers, two high-rise office buildings, a lifestyle mall and a Seda hotel.