Connect with us

Hi, what are you looking for?

Economy

MRT-6 unsolicited proposal being evaluated by NEDA

THE Transportation department said an unsolicited proposal to build the Modified Light Rail Transit (LRT) Line 6 is currently being evaluated by the National Economic and Development Authority (NEDA).

“It’s now with NEDA. It’s an unsolicited proposal,” Transportation Undersecretary for Planning & Project Development Ruben S. Reinoso, Jr. told BusinessWorld in a phone interview Thursday.

The indicative project cost is P73.24 billion, according to a report by the Public-Private Partnership (PPP) Center.

The proponent is the Villar group’s Prime Asset Ventures, Inc. or PAVI, Mr. Reinoso said.

In its official website, the PPP Center said the phase 1 of the project involves “the construction, operation and maintenance of an approximately 23.5-kilometer Light Rail Transit System, consisting of nine stations that will extend the LRT-1 Extension Project from Niog in Bacoor to Governor’s Drive in Dasmarinas traversing Bacoor, Imus and Dasmarinas Cities, all in the Province of Cavite.”

Other unsolicited PPP projects that are for approval of various government bodies as of September, according to the PPP Center, are: the Fort Bonifacio-Makati Skytrain Project, the Ninoy Aquino International Airport Comprehensive Capacity Enhancement Project, the New Bohol International Airport Project, the Cavite-Tagaytay-Batangas Expressway Project, the Tarlac-Pangasinan-La Union Expressway Extension Project, and the C5 MRT-10 Project, among others.

The MRT-11 Project, the North Luzon Express Terminal Project, the Davao International Airport Development, Operation, and Management Project, the New Metro Manila Food and Transport Hub Project, the Cebu Monorail Transit System Project, the Davao People Mover Project, and the East-West Rail Project are also for approval at various government bodies. — Arjay L. Balinbin

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Investing

A Brewdog promotion which said customers could win “solid gold” beer cans was misleading, the advertising watchdog has found. The Scottish brewer offered shoppers...

Investing

There is growing concern that free, face-to-face advice which helps hundreds of thousands out of debt each year could be cut. New contracts from...

Investing

The Bank of England’s new chief economist has warned that UK inflation is likely to hit or surpass 5% by early next year. Huw...

Economy

By Luz Wendy T. Noble, Reporter  The Philippines expects to narrow its budget deficit, with the government having raised tax collections as of end-September amid a coronavirus...

Economy

The Philippine economy is expected to grow by 4.3% this year — slower than originally expected — due to recurring coronavirus infection surges in the region, according to the ASEAN+3 Macroeconomic...

Economy

By Luz Wendy T. Noble, Reporter The Philippine central bank sold P100 billion worth of 28-day bills on Friday, with rates slipping as it...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Economy

Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

Pfizer Inc on Wednesday raised its 2021 sales forecast for its COVID-19 vaccine by 29% to $33.5 billion, and said it believes people will...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!