MANILA – Ayala Land said it is open to having two common stations at Trinoma and SM North EDSA in Quezon City, reducing the possibility that the dispute will delay the Light Rail Transit-Line 1 (LRT-1) extension project.
Metro Pacific Investments Corp. and Ayala Land's parent Ayala Corp. won the contract to expand and operate LRT-1 with a common station in Ayala Land's Trinoma mall.
The SM Group has objected, citing a 2009 deal with the government to build the common station at its SM North EDSA mall across the street.
“DOTC is putting on the table a two common station proposal. I think that would work. I think it would make it convenient for all commuters to have two common stations: one in Trinoma, one in SM North EDSA. This is not the first time seeing it. We see it in other countries like Hong Kong where they have two common stations in a certain geography…We would not be against it,” said Ayala Land president Bobby Dy.
The feud over the common station is just the latest in a string of controversies the country's two biggest developers have been embroiled in.
But now they are equal partners in bidding for the government's biggest public-private partnership project: the P123 billion Laguna Lakeshore Expressway and Dike project.
Dy said the project required big players and downplayed the companies' conflicts.