Arca South is a planned unit development owned by Ayala Land, Inc. located at East Service Road, South Luzon Expressway, Taguig. The place was formerly known as Food Terminal Incorporated (FTI), a government owned and controlled corporation that runs a 120-hectare industrial estate that leases lots for small and medium-sized enterprises that runs business on agricultural development, electronic raw materials and other business endeavors. It was once one of the largest estates in Metro Manila that is home to over 300 companies.
FTI is an attached agency of the National Food Authority (NFA) The NFA and the Food Development Center are located on the property.
Video Arca South
History
It was a priority project of then Philippine President Ferdinand Marcos to revolutionize the agricultural sector of the country. By the power a Presidential decree issued in January 1967, it took about more than a year to establish what was called the Greater Manila Terminal Food Market (GMTFM) on April 30, 1968. However, the estate was renamed to Food Terminal Inc on March 27, 1974.
There have been several attempts over multiple Philippines presidential administrations to sell off part of the property, including a public auction in 2009, but they all failed.
In November 2012, the Philippine government announced the sale of the 74 hectares of the 120-hectare property to Ayala Land, Inc. for 24.3 billion Philippine pesos. Ayala plans to turn the property into a mixed-use development. Proceeds from the sale are pledged to the programs of the Department of Agriculture and the Department of Agrarian Reform. The remaining 46 hectares remains in FTI. The remaining 46 hectares of FTI renamed as FTI Special Economic Zone.
In 2013, Ayala Land renamed FTI into Arca South.
Maps Arca South
Current Developments
FTI Special Economic Zone
- Air Liquid
- Continental
- Dizon Farm
- Hi-Las Corporation
- Keba
- Land Transportation Office-Taguig Extension
- PSi Technologies Inc. (extension office)
- Team Pacific Corporation
- Puregold FTI-Taguig
- SM Hypermarket FTI
- Temic
- Vishay Philippines Incorporation
Residential
- Arbor Lanes
- The Veranda
- Avida Towers One Union Place
Commercial/Institutional
- Arca South Corporate Center
- Ayala Malls Arca South (Transit, Regional, & Lifestyle Malls)
- Qualimed Hospital
- Seda Hotel
- South ITS (Integrated Transport System)
- AANI Weekend Market
References
External links
- Arca South Taguig Official Website
Source of the article : Wikipedia
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