1st PH subway project awaits final green light

Mick Basa

This is AI generated summarization, which may have errors. For context, always refer to the full article.

1st PH subway project awaits final green light
If approved, the Mass Transit System Loop project will be the biggest public-private partnership under the Aquino administration

MANILA, Philippines – The lead implementing agency of the country’s first multi-billion subway project eyes to roll out its bidding terms in the first quarter of 2015.

“We are preparing for the next NEDA (National Economic and Development Authority) board meeting where we are hopeful that the project will be given the final green light for bidding,” Department of Transportation and Communications (DOTC) spokesperson Michael Arthur Sagcal told Rappler in a text message Tuesday, January 27.

DOTC leads the implementation of the 12-kilometer underground Makati-Pasay-Taguig Mass Transit System Loop project under the public-private partnership (PPP) scheme.

The subway system will link Makati Central Business District, the Mall of Asia in Pasay City, and Bonifacio Global City (BGC) in Taguig, according to the PPP Center.

MASS TRANSIT SYSTEM LOOP. The subway system will link Bonifacio Global City, Makati Central Business District, and the Mall of Asia in Pasay City, according to the PPP Center. Map from the PPP Center

Its financing, design, construction, operation, and maintenance cost P370 billion ($8.39 billion) – the most expensive PPP to date, surpassing the Laguna lakeshore expressway-dike project at P123 billion ($2.79 billion).
The subway project, once approved, will become the biggest PPP deal in the history of the Aquino administration.
Cosette Canilao, executive director at PPP, said the government picked BGC’s 26th Avenue as its end point in Taguig City, but added it is NEDA’s Investment Coordination Committee which has the final say on it.
Frequent PPP bidders Metro Pacific Investment Corporation (MPIC) and MTD Philippines earlier said they were interested in the project.
The government aims to address heavy traffic in the capital’s major growth areas through the Mass Transit Loop system. – Rappler.com

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.

Summarize this article with AI
Download the Rappler App!