To implement the vision of the SM group to create the P100-billion “future city” involving the two major reclamation projects at Manila Bay, the local governments of Pasay and Parañaque need to integrate their respective projects first.
Parañaque City Mayor Edwin Olivarez, in a recent chat, has expressed willingness to work with Pasay City to have an integrated reclamation project. Olivarez believes that both reclamation projects should eventually be merged, with a combined 600 hectares, in order to meet the vision of the SM group.
SM Prime Holdings Inc. president Hans Sy said the group plans to merge the two reclamation projects into a massive mixed-use development dubbed as the “future city,” In fact, the SM group has already contracted AECOM, the world’s largest engineering design firm, to do an integrated master plan.
The proposed reclamation plan, however, has a long way to go before everything falls into place. For one, Olivarez said while Parañaque accepted the offer of SM to develop the proposed reclamation project, the city government is bent on getting a technical adviser that would ensure the viability of the project.
The project would also require a competitive challenge from other prospective bidders. Then, there is also a five-step process that an LGU has to follow, including the endorsement from the Philippine Reclamation Authority and National Economic and Development Authority board.