OMG! METRO MANILA SUBWAY: Aprubado na ni Pres. Duterte!
Construction on the P355.6-billion subway, one of the centerpieces of the President Duterte P8-trillion infrastructure program, will begin early next year, said Socioeconomic Planning Sec. Ernesto Pernia.
“The subway is going to be the project of the century for the Philippines,” said Pernia, who heads the state planning agency Neda.
Socioeconomic Planning Secretary Ernesto M. Pernia told a press conference that the P230-billion Mega Manila Subway Project Phase 1 will be in the agenda of the National Economic Development Authority (Neda) Board.
The Neda chief said they were eyeing below 1-percent interest for the loan from the Japan International Cooperation Agency (Jica), payable in 20 years with a 15-year grace period. Pernia had said that an estimated $4.4 billion in ODA from Jica was in the pipeline to finance the Mega Manila Subway Project.
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Ernesto Pernia said the subway would "significantly improve" transportation in the capital, where an estimated P2.4 billion is lost everyday due to traffic jams.
A separate Jica briefing paper in May showed that the entire subway could extend beyond Metro Manila to San Jose del Monte City, Bulacan up north and Dasmariñas City, Cavite down south.
To date, the biggest ODA loan package provided by Jica to the Philippines was 241.9 billion yen or about $2 billion for the $2.88-billion North-South Commuter Railway Project that will connect Tutuban in Manila to Malolos, Bulacan.
“The subway is going to be the project of the century for the Philippines,” said Pernia, who heads the state planning agency Neda.
Socioeconomic Planning Secretary Ernesto M. Pernia told a press conference that the P230-billion Mega Manila Subway Project Phase 1 will be in the agenda of the National Economic Development Authority (Neda) Board.
The Neda chief said they were eyeing below 1-percent interest for the loan from the Japan International Cooperation Agency (Jica), payable in 20 years with a 15-year grace period. Pernia had said that an estimated $4.4 billion in ODA from Jica was in the pipeline to finance the Mega Manila Subway Project.
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Ernesto Pernia said the subway would "significantly improve" transportation in the capital, where an estimated P2.4 billion is lost everyday due to traffic jams.
According to the government’s “Build, Build, Build” website, the Department of Transportation-led project will connect major business hubs and government centers in the metropolis through a 25-kilometer underground mass transportation system connecting Quezon City and Taguig City.
In June, Pernia disclosed to the Inquirer that the Philippine government was eyeing to secure the largest official development assistance (ODA) from Japan for the subway system that will serve Metro Manila and surrounding areas.
To date, the biggest ODA loan package provided by Jica to the Philippines was 241.9 billion yen or about $2 billion for the $2.88-billion North-South Commuter Railway Project that will connect Tutuban in Manila to Malolos, Bulacan.
Based on Jica’s roadmap study, the Mega Manila Subway could run up to 75 kilometers with 23 stations.
The subway, partly funded with aid from Japan, will run from Mindanao Avenue in Quezon City to Food Terminal Inc. in Taguig and may be extended to the Ninoy Aquino International Airport.
So as not to disrupt activity above ground while rolling out the project, Jica had said the plan was to undertake “underground construction adjacent to existing substructures.”
Given that Metro Manila is also prone to floods, the project will entail “application of water shut panels to prevent from inundation during heavy flooding,” Jica had said.
In its first year of operation, it will serve about 370,000 passengers, complementing existing rail systems in Metro Manila such as the Light Rail Transit and Metro Rail Transit systems.
Groundbreaking for the project will be in December next year, for completion by 2022, Neda documents showed.
The loan will be signed by President Rodrigo Duterte and Japan Prime Minister Shinzo Abe on the sidelines of the Asean Summit set in November.
Given that Metro Manila is also prone to floods, the project will entail “application of water shut panels to prevent from inundation during heavy flooding,” Jica had said.
In its first year of operation, it will serve about 370,000 passengers, complementing existing rail systems in Metro Manila such as the Light Rail Transit and Metro Rail Transit systems.
Groundbreaking for the project will be in December next year, for completion by 2022, Neda documents showed.
The loan will be signed by President Rodrigo Duterte and Japan Prime Minister Shinzo Abe on the sidelines of the Asean Summit set in November.
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