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NEDA Board Approves Php355.6-B Metro Manila Subway Project of DOTr

Decision paves the way for underground train system from Quezon City to Parañaque City
By Entrepreneur Staff |
NEDA Board Approves Php355.6-B Metro Manila Subway Project of DOTr

The National Economic and Development Authority (NEDA) Board approved on September 12 the Metro Manila Subway Project (MMSP), one of the big ticket infrastructure projects of the Duterte Administration.

 

Costing Php355.6 billion, the project will be implemented by the Department of Transportation (DOTr) headed by Secretary Arthur Tugade, who announced the NEDA approval in a press statement issued September 13.

 

The country’s first underground train system, the MMSP will run from Quirino Highway in Quezon City to the NAIA complex in Parañaque City. Groundbreaking for the project is scheduled for the fourth quarter of 2018 but partial operations will likely happen in 2022, and full operations by 2025.

 

Designed to be similar to subways in Tokyo, Japan, the subway system will have water-stop panels, doors, high-level entrances for flood prevention, earthquake detection and a train stop system.

 

 

 

 

The country’s first subway system will be financed via Official Development Assistance (ODA) from Japan, with an interest of 0.10 percent per annum, payable in 40 years, inclusive of a grace period of 12 years. Japanese Prime Minister Shinzo Abe is scheduled to sign the loan commitment for the project in November, when he meets with President Rodrigo Duterte during the ASEAN Summit.

 

The NEDA Board also approved other big ticket infrastructure projects of the DOTr such as the Philippine National Railway’s South Commuter (Manila-Los Baños) and South Long Haul (Manila-Bicol/Sorsogon/Batangas) Projects, which have a total project cost of Php299.4 billion.

 

 

Related story: Everything You Need To Know About The Metro Manila Mega Subway

 

 

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