NEDA approves first phase of $7bn Manila subway project


Philippines’ National Economic and Development Authority (NEDA)-Investment Coordination Cabinet Committee (ICC-CC) has given green signal to go ahead with the first phase of the Metro Manila Subway Project (MMSP). 

Running from Mindanao Avenue in Quezon City, the metro Manila subway will come to an end at the Ninoy Aquino International Airport (NAIA) in Paranaque City.

The project, which will entail investment of PHP355.6bn ($7bn), includes the construction of a training centre on 28-hectare land and depot, as well as and other related facilities.

The project is scheduled to break ground in mid-2018 and is likely to be completed by mid-2025.

Philippines Socioeconomic Planning Secretary Ernesto Pernia said: “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.”

Separately, the ICC-CC permitted the proposal of the Bases Conversion and Development Authority (BCDA) to implement the Build-Transfer (BT) scheme, as mode of implementation for the construction of the Clark International Airport facility.

The plan envisages construction of a terminal building with an 82,600 sq m of floor area. The terminal would be capable of handling nearly eight million passengers per year.

Additionally, the ICC-CC also accord permission to the PHP3.5bn ($68.7m) Lower Agno River Irrigation System Improvement Project (LARISIP). The project includes development of new service area and rehabilitation of the Lower Agno River Irrigation System.

The project will provide free irrigation to approximately 10,000 farmers, and is slated expected to start in January 2018 and complete by December 2021.

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