Wednesday, August 23, 2017

Aseana City promotes quality of ‘life between buildings’

ENVISIONED to be a pedestrian-friendly urban space, Aseana City has kicked off a public-art program that aspires to turn daily strolls in the business district along Roxas Boulevard into an aesthetic, uplifting experience.

Inspired by a global movement to recreate urban spaces, DM Wenceslao & Associates Inc., developer of Aseana City, unveiled a plan to incorporate art in public places, beginning with a 1,900-square-foot mural wall between what will be a prominent pedestrian corridor between Aseana One office building and Red Planet hotel. The walkway is likely to be traversed by commuters alighting from the future Aseana City Light Railt Transit (LRT) 1 station to be completed in 2021 and heading for the southern part of the business district.

“We’ve learned from the experiences of Metro Manila’s older business districts and been inspired by architects and planners who have been advocating for cities that promote ‘life between buildings’ to quote a well-known advocate,” Aseana City Managing Director Buds Wenceslao said. “Our goal is to get people out of their cars and walking in the streets. This will be good, not only for the pedestrians’ health but also good for the city’s traffic circulation, the environment and even the social life of the city.”

He added the pedestrianization objective will soon be complemented by infrastructure, like arcades and sky bridges, now being incorporated into the overall master plan.

The mural by visual artist Kris Abrigo, who has exhibited locally and abroad, is intended also to create a distinct identify for Aseana City and “a sense of place”, according to architect Anthony Ilaga. It depicts a school of fish, patterned after indigenous fish that once populated Manila Bay—swimming toward the same direction in a maze of mangroves, depicted by the existing patterns on the wall. Two large fish dominate the mural art, with one showing an image of the sunset that Manila Bay is best known for, and the other, Abrigo’s artistic interpretation of what he calls the “abstraction of the fish”.

The rest of the public-art program outlines three to five massive mural walls waiting to be painted in different Aseana City locations. Morever, large-scale sculptures, community artworks and significant pylons will also be unveiled in the coming years to allow pedestrians significant art encounters. The program is a celebration of the city’s urban development, which began with the reclamation of the area from the sea more than two decades ago. It is also illustrates substantial growth in the Bay Area, now considered a prime location and one of the last showcases for forward-looking urban planning, in the congested megalopolis.

This early, the masterplanned community which still has around 70 percent of its area free from structures, is home to office buildings, international schools , restaurants, residential condominiums and soon to open, massive shopping and retail complex. It is a short drive via Diosdado Macapagal Boulevard to the three international airports via the NAIA Expressway. In addition, it will be one of the main gateways to residential enclaves of Cavite with the completion of LRT 1 extension in 2021 and of the Southwest Integrated Transport System.

Artist Kris Abrigo sees the potential of Aseana City and says the mural wall, a playful mix of vivid colors and geometric shapes, “is a complex representation of the Aseana community moving forward to the future with respect to its past ecosystem.”

A graduate of the UP Diliman Fine Arts Program in 2010, Abrigo bested three other artists who also submitted studies for the street mural to Aseana City planners. “He has managed to reflect the cosmopolitan vibe of Aseana City while balancing the contemporary with the traditional,” Ilaga said.

MVP group revives bid to buy gov’t stake in MRT3 Read more: http://business.inquirer.net/235611/mvp-group-revives-bid-buy-govt-stake-mrt3#ixzz4qbbZrlsa Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook

Infrastructure giant Metro Pacific Investments Corp. is reviving an offer to buy out the government’s interest in the busy Metro Rail Transit Line 3 in Metro Manila, its chair Manuel V. Pangilinan said.

Those renewed discussions, first launched in 2011 but were later sidelined as the Aquino III administration rejected private sector proposals and decided to pursue—unsuccessfully—the buyout itself, signaled growing optimism on the part of Metro Pacific this time around.

Pangilinan told reporters yesterday that their plan to rehabilitate and upgrade the aging MRT-3, which suffers from frequent breakdowns, would cost about P12.5 billion.

“There’ll be further cash to take out certain shareholders of the MRT, including the government,” Pangilinan said at the sidelines of an event launching a unit’s digital toll ways program.

He clarified that there was no final amount and that a formal offer has not yet been made, adding: “We said in principle we’re prepared to do that.”

Pangilinan was referring to the government’s ownership in privately held Metro Rail Transit Corp. (MRTC).

The state-owned Development Bank of the Philippines and Land Bank of the Philippines hold about 77 percent of MRTC’s economic rights, acquired through bondholders, and about a fifth of its voting shares. The rest are held by a group led by businessman Robert John SobrepeƱa.

Metro Pacific in 2011 signed a “cooperation agreement” with various groups with interests in MRT-3, including shares held by SobrepeƱa.

Describing talks with the Department of Transportation, Pangilinan said his group had conducted several meetings, at Metro Pacific’s initiative, over the past week.

“At least there’s a discussion. For me, that’s a good sign. By no means am I indicating there is an agreement,” he said.

Last week, Ayala Corp. signaled it was interested in joining Metro Pacific in its offer to rehabilitate the MRT-3, which serves about half a million passengers a day.

Ayala and Metro Pacific jointly operate the Light Rail Transit Line 1, which will be extended from Baclaran to Niog, City of Bacoor, Cavite province by 2021. The LRT-1 serves around 400,000 a day.

It was not immediately clear whether Ayala, one of the original investors of the MRT-3, would participate in Metro Pacific’s offer to buy out the government’s share.

“It’s premature to discuss details at this time. As a matter of fact, we have more meetings on the details of the operating context,” Jose Rene Almendras, CEO of Ayala unit AC Infrastructure Holdings, said in an e-mailed response.

“Our experience in LRT-1 rehabilitation and operation has been favorable. I have been personally involved in the rehab process, so we have more confidence in our capabilities as a consortium,” he added.

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Metro Pacific renews buyout plan for MRT 3

Conglomerate Metro Pacific Investments Corp. revived its plan to buy out the stake of the government and private investors in Metro Rail Transit Line 3.

“There’s no proposal yet, but we said in principle we’re prepared to do that,” Metro Pacific chairman Manuel Pangilinan told reporters, when asked if the company was interested to buy out the government’s stake in the rail system which runs along Edsa.

The government through Land Bank of the Philippines and the Development Bank of the Philippines own a combined 80-percent economic interest in MRT 3, while the remaining stake is held by creditors of Metro Rail Transit Corp.

MPIC in 2011 offered to buy out the shares of LBP and DBP in MRT 3 for $1.1 billion.

MPIC signed a cooperation agreement in 2011 with various groups holding rights and interests in MRT 3, including MRTC, Metro Rail Transit Holdings Inc., Metro Rail Transit 2 Inc. and Monumento Rail Transit Corp., giving the company led by businessman Manuel Pangilinan an option to acquire 48 percent. Metro Pacific has not exercised the option.

MPIC along with Ayala Corp. last week submitted an unsolicited proposal to Transportation Department to upgrade and rehabilitate MRT 3 system for P12.5 billion.

“We have several meetings between our team, which we organized for the MRT 3 and the DoTr for the past week or so it seems there’s some progress in that side,” Pangilinan said.

“We want to resolve the issues for the benefit of the commuters,” he said.

MPIC submitted a proposal to the Department of Transportation and Communications in 2011 to invest $524 million to rehabilitate and upgrade MRT 3.

The Aquino administration, however, rejected Metro Pacific’s offer that involved raising commuter fares.

Former President Benigno Aquino III issued Executive Order No. 126 in 2013, directing the Transportation and Communications and Finance Departments to buy MRTC out of MRT 3, under the build-lease-transfer agreement.

MRT 3, which runs along EDSA from North Avenue in Quezon City to Taft Avenue in Pasay City, serves over 500,000 passengers a day, beyond its rated capacity of 350,000.

The line has a fleet of 73 Czech-made air-conditioned rail cars.

The Transportation Department in January 2016 signed a P3.8-billion three-year contract with the joint venture of Busan Transportation Corp., Edison Development & Construction, Tramat Mercantile Inc., TMICorp and Castan Corp. to do maintenance works on the rolling stock and signaling system, the most critical maintenance component of MRT 3.

http://thestandard.com.ph/business/corporate/245131/metro-pacific-renews-buyout-plan-for-mrt-3.html