Palace issues economic zone proclamation for Ayala-EDSA project

PRESIDENT Rodrigo R. Duterte has issued proclamation designating as a special economic zone a building on Ayala Avenue in Makati City, which will be known as “One Ayala Avenue.”

The site was classified as an Information Technology Center.

Mr. Duterte signed Proclamation No. 773 on July 24, entitled “Creating and designating a building and the parcel of land upon which it stands, located at Epifanio delos Santos Avenue corner Ayala Avenue, Barangay San Lorenzo, Makati City as a special economic zone (information technology center), pursuant to Republic Act No. 7916, as amended by Republic Act No. 8748.”

The President signed the proclamation “upon the recommendation” of the Board of Directors of the Philippine Economic Zone Authority (PEZA).

The building has a gross floor area of 277,533.31 square meters. The land where the building stands has an area of 28,200 square meters.

Ayala Land Inc., in its official website, describes One Ayala as a “three-floor, 20,000-square-meter transportation hub [that] serves as a terminal for north-bound and south-bound buses, AUVs, the future Bus Rapid Transit, and jeepneys.”

“It also offers direct connection to the MRT. Safe, covered, and well-maintained elevated walkways allow commuters to get to their respective rides, and pedestrians to reach nearby destinations like McKinley Exchange, Glorietta, and the rest of Makati’s CBD by foot,” the AyalaLand also said. — Arjay L. Balinbin