Response to media inquiries on government’s probe into the UP-Ayala Land Technohub lease agreement

| Posted by Media and Public Relations Office

The University of the Philippines (UP) welcomes the inquiry by the national government into its lease contract with Ayala Land Inc. (ALI) on the UP-Ayala Land Technohub, and will fully cooperate in such an investigation. The UP-Ayala Land Technohub is a build-operate-transfer, revenue-sharing development project entered into by UP with ALI in October 2006.

 

Elena E. Pernia, PhD
Vice President for Public Affairs