SC stops BCDA from bidding out P13.3B property in Taguig

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FAVORED PROJECT The Bases Conversion and Development Authority recommends Metro Pacific Tollways Corp.’s unsolicited proposal to build a 13-kilometer elevated road connecting the North and South Luzon Expressways.

MANILA, Philippines – The Supreme Court stopped the Bases Conversion Development Authority (BCDA) from bidding out the P13.3-billion property in Bonifacio South area in Taguig City.

“The Court resolved to issue a temporary restraining order enjoining respondents or any of their representatives or agents from proceeding with the bidding process subject of its ‘invitation to bid’…and in any way disposing of the subject lot which acts tend to render the Court’s resolution of the petition ineffectual, effective immediately until further orders from the Court,” the high court’s third division released Friday said.

Taken from:

http://business.inquirer.net/102181/sc-stops-bcda-from-bidding-out-p13-3b-property-in-taguig

J.B.M.

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