{"id":329173,"date":"2024-08-27T22:27:20","date_gmt":"2024-08-27T14:27:20","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329173"},"modified":"2024-08-27T22:27:22","modified_gmt":"2024-08-27T14:27:22","slug":"trade-the-news-ali-to-start-constructing-taguig-city-integrated-terminal-exchange-this-year","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-ali-to-start-constructing-taguig-city-integrated-terminal-exchange-this-year\/","title":{"rendered":"Trade the News: ALI to start constructing Taguig City Integrated Terminal Exchange\u00a0this year"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Ayala Land Inc.<\/td><\/tr>
Stock Code<\/strong><\/td>ALI<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 39.32<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Ayala Land, Inc. (ALI), a subsidiary of Ayala Corp., will likely start the construction of the Taguig City Integrated Terminal Exchange project within the year, the Department of Transportation (DoTr) said.<\/p>\n\n\n\n

\u201cThe groundbreaking is within this year; we are just completing some agreements,\u201d Transportation Secretary Jaime J. Bautista told reporters on Aug. 9.<\/p>\n\n\n\n

The project, which has been stalled since 2016, is a multimodal passenger terminal aiming to connect passengers to other systems such as the North-South Commuter Railway project, city buses, and other public utility vehicles, data from the Public-Private Partnership (PPP) Center showed.<\/p>\n\n\n\n

The project was awarded to the proponent in 2015 and was initially scheduled to be operational by 2020 but encountered several issues.<\/p>\n\n\n\n

\u201cThe project was already awarded to them (Ayala Land) but encountered delays because the government needs to deliver some conditions precedent,\u201d Mr.\u2009Bautista said.<\/p>\n\n\n\n

The project, with a contract term of 35 years inclusive of the construction period, had an estimated cost of P5.2 billion at the time of approval, according to the PPP Center.<\/p>\n\n\n\n

The DoTr is finalizing the agreement with the Veterans Foundation of the Philippines for the right-of-way, Mr. Bautista said.<\/p>\n\n\n\n

\u201cWe are just finishing the agreement with the Veterans Foundation of the Philippines, as they own some of the land,\u201d he said. \u201cThe OSG (Office of the Solicitor General) did not allow us to buy it from them, so it will be just right-of-way usage.\u201d<\/p>\n\n\n\n

According to the PPP Center, the private proponent will handle the project\u2019s design, construction, and financing, as well as its operations and maintenance.<\/p>\n\n\n\n

\u201cThe concessionaire can also undertake commercial development and collect revenues generated from the same,\u201d it added.<\/p>\n\n\n\n

Mr. Bautista said the project is expected to enhance the transportation system as it is also designed to complement the Southeast Metro Manila Expressway (SEMME\/C6) project and other government railway projects.<\/p>\n\n\n\n

(News Source: Business World<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-329173","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329173"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329173\/revisions"}],"predecessor-version":[{"id":329175,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329173\/revisions\/329175"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}