AN AFFILIATE of Megaworld Corp. unveiled Monday a plan to set up a transportation system that would link the property developer's various projects around the metropolis.
In a statement, First Oceanic Property Management Inc. said it had earmarked up to P100 million for the establishment of CityLink Coach Services Inc., a public transportation system for Megaworld's business and residential projects in Eastwood City and Fort Bonifacio.
CityLink obtained its franchise from the Land Transportation and Franchising Regulatory Board (LTFRB) last week. Its approved route is from Eastwood City to Newport City via C5, and vice versa.
CityLink will provide the public initially with five "class A" buses, and will add five more within the year, providing bus routes that transport workers and residents to and from their destinations.
The scheme is the company's answer to the rapid expansion of the business process outsourcing (BPO) industry, in which Megaworld is a major player as a builder of buildings for BPO firms.
CityLink will help support and help sustain the growth of BPO companies in Megaworld's township projects, the company said.
"The bus operator has also tied up with transportation groups and set up a terminal for the benefit of employees and residents of McKinley Hill Cyberpark," it added.
Buses now ply the McKinley Hill project's main artery, Upper McKinley Road, going to Paseo Center near Ayala Avenue, allowing passengers to link up with the MRT or north- and south-bound buses.