BRIEF-Ayala Corp says unit and SM Investments submitted proposal for elevated toll road project
March 31 Ayala Corporation:
* AC Infrastructure Holdings, unit of co, and SM Investments submitted unsolicited proposal to the Department of Public Works and Highways
* Estimated project cost is 25 billion pesos
* Proposal to design, finance, construct, operate and maintain an elevated toll road for period of 35 years Source text for Eikon: Further company coverage: