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NEDA Approves Mega Manila Subway Project

access_time 13-09-2017, 10:10 chat_bubble_outline 115 views

If authorities are to be believed, the country is scheduled to have its own operational subway system by 2022. This is made possible by the recent approval and allotment of $7 billion for the large-scale infrastructure project of the Duterte administration. Groundbreaking is scheduled for next year.

NEDA Secretary Ernesto Pernia presided over the board meeting and represented the President, who was attending to other concerns.

From $4.4 billion to $7 billion

The initial price tag of the subway project was $4.4 billion. However, the approving body raised the budget to $7 billion to make way for an additional spur line that will run from Food Terminal Incorporated (FTI) to Ninoy Aquino International Airport (NAIA).

NEDA Approves Mega Manila Subway Project

The initial plan was to connect Quezon City and Taguig but the spur line “will surely make the plane-riding public happy,” Pernia said.

The Mega Manila Subway will span 25 kilometers and have 13 stations including Anonas, Bonifacio Global City, Cayetano Boulevard, East Avenue, Kalayaan Avenue, Katipunan, Mindanao Avenue, North Avenue, Ortigas North, Ortigas South, and Quezon Avenue, along with the aforementioned FTI and NAIA stations.

The massive project will be financed through an Official Development Assistance (ODA) from Japan, which will be coursed through the Japan International Cooperation Agency (JICA). The Japanese state agency has already completed the feasibility study for the subway project in the past. The study will be updated to accommodate Duterte’s ‘Build, Build, Build’ program.

Other projects in the works

The National Economic Development Authority (NEDA) approved the construction of the new subway system along with 11 other projects during a stakeholder’s meeting held Tuesday, September 12.

Other projects approved during the NEDA meeting include:

Binondo-Intramuros and Estrella-Pantaleon Bridges construction project

18 month validity extension of the Asian Development Bank Loan for Improvement and Institutional Development Project

Improvement of Growth Corridors in Mindanao

Philippine National Railway’s P151 billion South Long Haul (Calamba to Bicol)

P134 billion South Commuter Line (Tutuban to Los Baños) line projects

Budget increase for the Cebu Bus Rapid Transit System

Lower Agno Irrigation System Improvement Project

The change in mode of implementation for the Clark International Airport Expansion Project

Inclusion of Department of Finance in the Project Management Team of the Chico River Pump Irrigation Project

Regular monitoring of NEDA and its projects

The post NEDA Approves Mega Manila Subway Project appeared first on Carmudi Philippines.

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