MANILA, Philippines — Chief Presidential Legal Counsel and Presidential Spokesperson Salvador Panelo will recommend to President Rodrigo Duterte to also review the contract of the University of the Philippines-Diliman with the Ayala Land Incorporated for the conversion of a UP lot into UP-Ayala Land Technohub.
Panelo said that a study has come to his attention showing the very low lease amount that the Ayala group is paying to UP.
A number of business outsourcing firms, retail areas, campus apartments, and business hotels has occupied the Technohub that is now a popular hangout place in Quezon City.
The Palace official said he will recommend to the president a closer review of the lease contract to check the veracity of the report that the Ayala Land group is only paying UP just a little higher than Php20.00 per square meter for 25 years.
“Only 10.4 billion will be taken by the government at the end of 25 years […] mukhang kawawa na naman ang gobyerno dito,” said Panelo.
He added that should the claim in the report be true, it will cause so much loss for the government.
“Definitely lugi ang gobyerno dito,” he said.
The Ayala group, on the other hand, has denied the allegation of the very low rental fee.
It, however, welcomes whatever review that will be conducted on its lease contract with UP.
Aside from the Technohub, the President has also slammed Manila Water, the water concessionaire company under the Ayala Corporation due to its alleged onerous contract with the government. — (from the report of Rosalie Coz) /mbmf
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