Back

Chavez vs. PEA-AMARI

FRANCISCO I. CHAVEZ, petitioner, vs. PUBLIC ESTATES AUTHORITY and AMARI COASTAL BAY DEVELOPMENT CORPORATION, respondents.

G.R. No. 133250 | 2003-11-11

Republic of the Philippines
Supreme Court
Manila
 
EN BANC
 
 
R E S O L U T I O N
 
CARPIO, J.:
 
This Court is asked to legitimize a government contract that conveyed to a private entity 157.84 hectares of reclaimed public lands along Roxas Boulevard in Metro Manila at the negotiated price of P1,200 per square meter. However, published reports place the market price of land near that area at that time at a high of P90,000 per square meter.1 The difference in price is a staggering P140.16 billion, equivalent to the budget of the entire Judiciary for seventeen years and more than three times the...