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Senator pushes synergized action to cut unemployment

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Makati Subway eyes link to Guadalupe Sky Train

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The proposed Makati Subway and Sky Train will share a common station in Guadalupe with Metro Rail Transit Line 3.

In a disclosure to the Philippine Stock Exchange (PSE), Philippine Infradev Holdings Inc. of businessman Antonio Tiu said its unit Makati City Subway Inc. accepted the term sheet from Megaworld Corp., the proponent of Sky Train, for the formation of a joint venture to develop a common station for the two projects.

The common station will be at the Edsa-Guadalupe platform of MRT 3.

“The common station of the two train systems shall have access and connection to the MRT Guadalupe Station and the Pasig River ferry system,” Infradev said.

The term sheet provides that MCSI and Megaworld will have 60 days to finalize definitive agreements covering the proposed joint venture, including, but not limited to, the joint-venture agreement and articles of incorporation of a new company.

Alliance Global Group Inc. (AGI), the parent company of Megaworld, is the original proponent of a two-kilometer monorail from Fort Bonifacio to the MRT Guadalupe Station, which would benefit 60,000 to 100,000 passengers daily.

Once completed by 2021, the P3-billion project will use the automated cable-propelled monorail technology to provide a five-minute travel from Uptown Bonifacio in Taguig to MRT Guadalupe.

Meanwhile, the 10-kilometer Makati Subway is expected to be completed by 2024 to 2025 at an estimated cost of $2.5 billion.

MSCI teamed up with the Makati City goverment to construct the subway which also involves the development of 6.4 million square meters of property over the next 15 years.

The Makati intra-city subway will have 10 stations that wil link establishments across the business district.

Once completed, it is expected to accommodate up to 700,000 passengers a day.

MCSI earlier signed an agreement with China Construction First Group Corporation Limited (CCFG) for the construction of the subway project.

CCFG will be responsible for the construction, including materials, manpower, equipment and other requirements to complete the project. 

The construction period covers 42 months with a grace period of six months.

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3 years ago
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