First subway project endorsed for President’s approval

Mar. 06, 2015

The Public-Private Partnership (PPP) Center will endorse two infrastructure projects, including the P370-billion Mass Transit System Loop (MTSL), for approval by the National Economic and Development Authority (Neda) Board.

The MTSL project is the first subway in the country which aims to reduce peak-hour traffic by providing a higher-capacity mass transit system.

In a press briefing after the Asia-Pacific Economic Cooperation (Apec) PPP Experts Advisory Council meeting in Tagaytay, PPP Center will also support the approval of the P19.3-billion Motor Vehicle Inspection System (MVIS), said Executive Director Cosette Canilao.

“There’s going to be a Neda Board meeting on March 24 and two PPP projects would be up for approval or discussions,” she said.

President Benigno S. Aquino III chairs the Neda Board.

For the planned MTSL project, Canilao said the PPP Center prefers the route using 26th Street instead of the 32nd Street inside the Bonifacio Global City (BGC) on cost consideration.

On the other hand, the MVIS project will involve setting up Motor Vehicle Inspection Centers (MVIC) to test various categories of heavy duty, light duty and two wheeler vehicles across the Philippines.

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