Makati to ink joint venture for the metro subway project
Makati Mayor Abby Binay will sign a historic joint venture contract with Philippine Infradev Holdings, Inc. (formerly IRC Properties, Inc.) for the first metro project in the city.
Makati City Subway, known as MkTr, would connect important points such as the present Central Business District along Ayala Avenue, Makati City Hall, Poblacion Heritage Site, Makati University, Ospital ng Makati and the city's other new business areas.
The suggested intracity subway will have air-conditioned underground stations on the island which can accommodate up to six car trains, with space for more than 200 people per vehicle. The mass transportation system is anticipated to accommodate more than 700,000 passengers per day.
Links are also being developed to other mass transportation systems such as the Metro Rail Transit (MRT), the Pasig River ferry and the Metro Manila Subway funded by JICA.
Binay earlier said that Makati will only contribute its land, which will be used in the subway system, with no cash out from the government.
The subway is part of the vision of Binay to make Makati the first digital city of the country.
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