The National Economic and Development Authority Board’s Investment Coordination Committee-Cabinet Committee (ICC-CC) approved on Tuesday the Metro Manila Subway Project (MMSP)-Phase I and two other projects.
The ICC-CC approved the MMSP I, which will run from Mindanao avenue in Quezon City and, following the ICC-CC’s directive, will terminate at the Ninoy Aquino International Airport (NAIA) in Parañaque City.
Its initial investment requirement is estimated at P355.6 billion.
The project also involves the construction of a 28-hectare training center and depot, as well as other related facilities.
“The first phase of the MMSP will not only ease traffic in Metro Manila but also improve the quality of life of Filipinos. For one, carbon emissions will be reduced. And, with greater mobility, people can spend more time on things that matter to them,” Ernesto Pernia, socioeconomic planning secretary, said.
The subway was previously going to end in Food Terminal Inc. in Parañaque City. However, Arthur Tugade, Department of Transportation (DOTr) secretary, along with other economic managers pushed to have a spur line extending the subway to NAIA to make it easier for airport passengers to get to their destination in Metro Manila.
“In most of our neighboring countries in Asia, you can reach the city without ever leaving the platform. So, economic managers thought we’re going to build a subway anyway, so why not push to extend it to NAIA? It just makes perfect sense. The extension will mean greater connectivity and improved passenger comfort and convenience,” Tugade said.
The timetable for the subway is still being finalized, with the goal of earlier completion. Groundbreaking is currently scheduled in the fourth quarter of 2018 while target completion is 2025.
Tugade is asking partners from the Japan International Cooperation Agency to expedite the project to allow the public to enjoy the benefits of a subway system earlier.
“We have consistently asked our Japanese partners to expedite the project. They are experts in tunneling technology, and I’m sure they can deliver ahead of schedule. But of course, we can never compromise the quality and integrity of the project,” Tugade said.
The country’s first subway system will be financed via official development assistance.
The loan will have an interest of 0.10 percent per annum payable in 40 years, with a grace period of 12 years.
The signing of the loan agreement is expected in November when Japanese Prime Minister Shinzo Abe meets with President Rodrigo Duterte during the Asean Summit.
Meanwhile, the ICC-CC likewise approved the proposal of the Bases Conversion and Development Authority (BCDA) to adopt the Build-Transfer scheme under the Amended Build-Operate-Transfer Law as mode of implementation for the construction of the Clark International Airport facility.
The project involves the construction of an 82,600-square meter terminal building, with a design capacity of eight million passengers per annum.
Approved by the ICC last May, the Clark International Airport Expansion Project is estimated to cost a total of P15.35 billion, with P2.8 billion sourced from the DOTr budget for pre-construction activities, while the remaining investment requirement of P12.55 billion will be provided by the BCDA.
Meanwhile, the ICC-CC also approved the Lower Agno River Irrigation System Improvement Project with a total cost of ₱3.5 billion.
The project will cover the development of new service area and rehabilitation of the Lower Agno River Irrigation System, with a combined total of 12,650 hectares service area.
At least 10,000 farmers will benefit from free irrigation which is expected to increase their income. The project is expected to begin in January 2018 and end by December 2021.
“We want to improve our farmers’ quality of life by providing them access to irrigation and financing. This will increase their productivity, output, and income,” Pernia said.
http://www.malaya.com.ph/business-news/business/p355b-subway-2-other-projects-okd
The ICC-CC approved the MMSP I, which will run from Mindanao avenue in Quezon City and, following the ICC-CC’s directive, will terminate at the Ninoy Aquino International Airport (NAIA) in Parañaque City.
Its initial investment requirement is estimated at P355.6 billion.
The project also involves the construction of a 28-hectare training center and depot, as well as other related facilities.
“The first phase of the MMSP will not only ease traffic in Metro Manila but also improve the quality of life of Filipinos. For one, carbon emissions will be reduced. And, with greater mobility, people can spend more time on things that matter to them,” Ernesto Pernia, socioeconomic planning secretary, said.
The subway was previously going to end in Food Terminal Inc. in Parañaque City. However, Arthur Tugade, Department of Transportation (DOTr) secretary, along with other economic managers pushed to have a spur line extending the subway to NAIA to make it easier for airport passengers to get to their destination in Metro Manila.
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| Route Option B1a/b |
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| Phase 1 |
“In most of our neighboring countries in Asia, you can reach the city without ever leaving the platform. So, economic managers thought we’re going to build a subway anyway, so why not push to extend it to NAIA? It just makes perfect sense. The extension will mean greater connectivity and improved passenger comfort and convenience,” Tugade said.
The timetable for the subway is still being finalized, with the goal of earlier completion. Groundbreaking is currently scheduled in the fourth quarter of 2018 while target completion is 2025.
Tugade is asking partners from the Japan International Cooperation Agency to expedite the project to allow the public to enjoy the benefits of a subway system earlier.
“We have consistently asked our Japanese partners to expedite the project. They are experts in tunneling technology, and I’m sure they can deliver ahead of schedule. But of course, we can never compromise the quality and integrity of the project,” Tugade said.
The country’s first subway system will be financed via official development assistance.
The loan will have an interest of 0.10 percent per annum payable in 40 years, with a grace period of 12 years.
The signing of the loan agreement is expected in November when Japanese Prime Minister Shinzo Abe meets with President Rodrigo Duterte during the Asean Summit.
Meanwhile, the ICC-CC likewise approved the proposal of the Bases Conversion and Development Authority (BCDA) to adopt the Build-Transfer scheme under the Amended Build-Operate-Transfer Law as mode of implementation for the construction of the Clark International Airport facility.
The project involves the construction of an 82,600-square meter terminal building, with a design capacity of eight million passengers per annum.
Approved by the ICC last May, the Clark International Airport Expansion Project is estimated to cost a total of P15.35 billion, with P2.8 billion sourced from the DOTr budget for pre-construction activities, while the remaining investment requirement of P12.55 billion will be provided by the BCDA.
Meanwhile, the ICC-CC also approved the Lower Agno River Irrigation System Improvement Project with a total cost of ₱3.5 billion.
The project will cover the development of new service area and rehabilitation of the Lower Agno River Irrigation System, with a combined total of 12,650 hectares service area.
At least 10,000 farmers will benefit from free irrigation which is expected to increase their income. The project is expected to begin in January 2018 and end by December 2021.
“We want to improve our farmers’ quality of life by providing them access to irrigation and financing. This will increase their productivity, output, and income,” Pernia said.
http://www.malaya.com.ph/business-news/business/p355b-subway-2-other-projects-okd
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