In a statement, Bobby Dy, ALI chief operating officer, said that the project is important to the Ayala-owned real-estate company as it presents an opportunity to have significant presence in the Manila Bay area.
has not submitted a firm proposal for the project by way of a Swiss Challenge to the unsolicited offer earlier made by SM Land.
Instead, it is asking the Pasay city government to extend the deadline from next Monday.
"[It will] contribute to the growth and progress of the city of Pasay, and make the reclaimed area the country's model of urban and sustainable development," Dy
said that ALI's plans will depend on detailed financial and technical studies that would take time to finish.
"We have spoken to a leading international engineering company, with vast experience in reclamation all over the world, and they said that it will take a minimum of two months to come up with a well thought-out development plan," he
We believe it is reasonable to request for a 60-day extension in order to prepare plans for a project of this size and scale," Dy
"We just want to make sure that we come up with a comprehensive master-plan which considers all aspects, including a careful study on the development's impact on the environment," he