Shimao readies $4B plan for Boni
Shimao readies $4B plan for Boni
M.V. de Leon
BusinessMirror
December 13, 2007
Shanghai-based developer Shimao Group is expected to submit in the next 2 weeks its final proposal for its $4B integrated development project in Bonifacio Global City.
Aileen Zosa, vice president of the Bases Conversion and Development Authority (BCDA), said the plan to be submitted by Shimao will reflect its feasibility studies on its proposed projects in the North Bonifacio and Jusmag area.
“Their proposal is due before the end of the year. We are sure they will submit it,” Zosa told reporters Thursday.
After getting hold of the Shimao’s offer, Zosa said they will evaluate and then present it to the public for possible challenge from other interested developers of the area.