Connect with us

News

NEDA approves Metro Manila subway project

Published

on

The NEDA chief further said it would be worrisome only if the peso falls at a sudden pace, similar to that during the second EDSA Revolution. (PNA PHOTO)

This, after the NEDA Investment Coordination Committee (NEDA-ICC) approved earlier this month the subway extension to NAIA. (PNA PHOTO)

MANILA The National Economic Development Authority (NEDA) has approved Tuesday the PHP355.6-billion Metro Manila Subway Project (MMSP) which will run from Quezon City to the Ninoy Aquino International Airport (NAIA) complex in Paranaque City.

This, after the NEDA Investment Coordination Committee (NEDA-ICC) approved earlier this month the subway extension to NAIA.

Department of Transportation (DOTr) Secretary Arthur Tugade said the expansion will promote greater connectivity, ease of mobility as well as improve passenger comfort and convenience.

“The extension will mean greater connectivity and improved passenger comfort and convenience,Tugade said in a statement Wednesday.

In other countries, you can reach other cities without ever leaving the platform. So the economic managers thought, since were going to build a subway anyway, why not push to extend it to NAIA? It just makes perfect sense, he added.

Tugade, along with other economic managers, pushed to extend the subway to NAIA to make it easier for airport passengers to get to their destination in Metro Manila. The MMSP was originally supposed to run from Mindanao Avenue in Quezon City up to the FTI Complex in Taguig City only.

For his part, DOTr Undersecretary for Railways Cesar Chavez said the department is coordinating with the Japan International Cooperation Agency (JICA) for the swift implementation of the project.

“Secretary Tugade has been working closely with JICA in order to expedite the completion of the project and allow the public to enjoy the benefits of a subway system earlier,” Chavez said.

<p>The subway system will have water stop panels, doors and high level entrance for floor prevention, earthquake detection, and a train stop similar to those in Tokyo.

Chavez said in a previous interview that the department is eyeing to operate five stations of the subway by the end of the Duterte administration in 2022.

Groundbreaking for the railway project is expected by fourth quarter of 2018 with its full operations on 2025.

The subway system is envisioned to be an underground mass transportation system connecting major business districts and government centers which is expected to serve 370,000 passengers daily in its opening year.

The country’s first subway system will cost USD7 billion and will be financed through Official Development Assistance. The loan will have an interest of 10 percent per annum payable in 40 years with a grace period of 12 years.

The agreement is expected to be signed in November when Pres. Duterte meets with Japanese Prime Minister Shinzo Abe during the Association of Southeast Asian Nations (ASEAN) Summit.

The NEDA Board likewise approved earlier other big ticket infrastructure projects of the DOTr such as the Philippine National Railway’s (PNR) South Commuter (Manila-Los Banos) and South Long Haul (Manila-Bicol/Sorsogon/Batangas) Projects, which have a total project cost of PHP299.4 billion.

The PNR South Commuter Line which will run from Tutuban, Manila to Los Banos, Laguna is expected to have a daily ridership of more than 300,000 in its opening year and will reduce travel time from two hours to less than an hour once it becomes operational. The railway system will also be funded by JICA.

The PNR South Long Haul Line from Manila to Legazpi City, Matnog, Sorsogon to Batangas City will involve its reconstruction into a single-track at grade railway connecting cities, international seaports and economic zone.

This will be funded via official development assistance (ODA) from the government of China.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle3 days ago

How To Do Christmas & Hanukkah This Year

Christmas 2024 is literally just around the corner! Here in Vancouver, we just finished celebrating Taylor Swift’s last leg of...

Lifestyle1 month ago

Nobody Wants This…IRL (In Real Life)

Just like everyone else who’s binged on Netflix series, “Nobody Wants This” — a romcom about a newly single rabbi...

Lifestyle1 month ago

Family Estrangement: Why It’s Okay

Family estrangement is the absence of a previously long-standing relationship between family members via emotional or physical distancing to the...

Lifestyle3 months ago

Becoming Your Best Version

By Matter Laurel-Zalko As a woman, I’m constantly evolving. I’m constantly changing towards my better version each year. Actually, I’m...

Lifestyle3 months ago

The True Power of Manifestation

I truly believe in the power of our imagination and that what we believe in our lives is an actual...

Maria in Vancouver4 months ago

DECORATE YOUR HOME 101

By Matte Laurel-Zalko Our home interiors are an insight into our brains and our hearts. It is our own collaboration...

Maria in Vancouver4 months ago

Guide to Planning a Wedding in 2 Months

By Matte Laurel-Zalko Are you recently engaged and find yourself in a bit of a pickle because you and your...

Maria in Vancouver5 months ago

Staying Cool and Stylish this Summer

By Matte Laurel-Zalko I couldn’t agree more when the great late Ella Fitzgerald sang “Summertime and the livin’ is easy.”...

Maria in Vancouver5 months ago

Ageing Gratefully and Joyfully

My 56th trip around the sun is just around the corner! Whew. Wow. Admittedly, I used to be afraid of...

Maria in Vancouver6 months ago

My Love Affair With Pearls

On March 18, 2023, my article, The Power of Pearls was published. In that article, I wrote about the history...