Site chief offers to quit after land delays
VICTOR Lim, the head of the Philippine government agency overseeing the development of Fort Bonifacio, has submitted a letter of resignation to President Fidel Ramos.
Mr Lim, chairman of Bases Conversion Development Authority (BCDA), said his possible departure was part of a cabinet revamp.
However, newspaper reports in the Philippines claimed he was asked to resign because of BCDA's alleged delays in delivering parcels of land to the consortium that bought rights to develop the 214-hectare site last January.
Under the original timetable, all the land was to be transferred by February this year.
However, the first tract of 47 hectares was handed over only last week after problems evicting existing residents. The Metro Pacific Corp-led consortium developing the site handed over 4.11 billion pesos (about HK$1.22 billion), or 22 per cent of the total, because it received only part of the land.