Makati Subway Project presents opportunities for private sector.

Photo from Flyingketchup.ph

The Makati Subway Project should inspire more firms to participate in the government’s multi-trillon peso “Build, Build, Build” infrastructure program, said the project’s consortium leader.

Antonio Tiu, president of Philippine Infradev Holdings Inc., which leads the private consortium that is currently engaged in the project, said that the unsolicited mega project demonstrated that a lot of opportunities are open for local and foreign firms that want to capitalize on the government’s determination to address the national infrastrastructure deficit.

“I believe in every crisis there’s an opportunity, and in the Philippines at the moment we are almost in a chaotic transport situation,” said Tiu.

Private sector to possibly play key role in Makati Subway Project

The Duterte administration has previously shown a preference for using public funds and official development assistance (ODA) to finance its big-ticket projects. However, Tiu suggests that the Makati Subway Project illustrates the key role that unsolicited proposals and the Project Delivery Partner (PDP) model plays in delivering major projects.

“The private sector can drive things with more flexibility and more accountability and at a faster speed,” he said.

The consortium, led by Tiu, pitched its proposal directly to the Makati City government, which he sees as a faster route compared to talking to different national agencies.

Tiu adds that he sees no logistical or regulatory difficulties in integrating the project with the national government’s other transit projects.

“I would like to really stress that this [national] government is open to foreign investment and our project. We are planning it in a way that it will link directly with the national transport network,” adds Tiu.

Makati Subway to be fully operational in 2023

The Makati Subway Project broke ground in December 2018. The Makati City government expects the $3.7-billion project to be completed and fully functional by 2023.

The Makati Subway is a 10-station train system that spans 10 kilometers with stops in key points around Makati. It’s initial 12 coaches are expected to serve 27,000 passengers per hour, per direction, which is expected to increase to as much as 40,000 passengers during peak hours.

Source and Original Article from: >>> Flyingketchup.ph

Comments

The 4 Amazing Health Benefits of Saluyot Leaves.

Saluyot, photo from YouTube Illness prevention and cure do not need to be expensive. Most Filipinos opt to take herbal medicines first before indulging with costly medicines with or without doctor’s advice. The vegetables we often find in the market are not just there as plainly ingredients but also a source of vitamins and minerals. One is saluyot. What Is Saluyot? Corchorus olitorious or saluyot has many health benefits. It is used for food consumption because of its high nutritional value. It is considered as a health booster. This leafy veggie belongs to the Malvaceae family and grows on tropical areas. This herbal plant carries vitamins and minerals. It is an abundant source of vitamin A, C, E, calcium, iron, and dietary fibers. Saluyot, photo from Tagalog Lang Amazing Benefits of Saluyot Promotes good eyesight Saluyot has beta-carotene content which promotes good eyesight. Its richness in vitamin A will help you prevent or avoid ...

NYU alumna details how LP's grand plan will backfire them down: "Aquino name will do more harm than good"

Benigno "Noynoy" Aquino | VP Leni Robredo | Sen. Antonio Trillanes If the grand plan of the Yellows is to turn to the name of the Aquinos as a means to save the Liberal Party (LP) in a last ditch effort then it will surely backfire. This is the sentiment of social media influencer Krizette Laureta Chu when she detailed how the LP is on a losing end as more and more of its prominent members successively fail to rake in new supporters, contrary to what they hoped to achieve. With Vice President Leni Robredo as their Opposition Leader, Chu opines that the constant mocking of the Vice President’s competence (or lack thereof) has led to a “wakeup call” for the Yellow political party to find a different means (or different person) to bring into the scene. When the Yellow political party turned to Senator Antonio Trillanes IV, he had resorted to creating a fuss about threats on his life by rounding up more security forces around him which, unfortunately, bac...

The Duterte Effect – What Does It Really Mean?

Photo from Flying Ketchup RODRIGO ROA DUTERTE — the gun-toting, tough-talking, Mayor of Davao City was nothing like anyone Imperial Manila nor the rest of the Philippines had ever seen before. In 2016, his bravado and foul-mouthed rhetoric actually seemed refreshing for millions of Filipinos. His accomplishments, as well as the countless urban legends that surrounded the man, seemed like exactly the change the country needed, and that ‘it’ was finally coming. Under Duterte’s leadership, Davaoeños watched as their beloved city transformed – purged of crime, of insurgents, and of drugs. During his term, discrimination based on gender, ethnicity, and religious affiliation was outlawed in the city. Other ordinances on health and safety were passed. Urban development became a priority, and the city saw economic growth, as well as development in education and community life. All this happened under the watchful eye of the beloved ‘mayor,’ who patrolled the streets a...

Partner for Change Philippines

Search This Blog