Govt earns P160M from Mile Long – DoF

The 2.2-hectare Mile Long property in Makati City has generated P160 million in revenues for the government since 2017, the Department of Finance (DoF) reported.

“Net income from Mile Long is almost P160 million for 2 years of operation at a 70 percent occupancy,” Gerard Chan, chief privatization officer of the DoF’s Privatization Management Office, said late last week.