The $1.213B Makati Subway System is finally signed

The $1.213B Makati Subway System is finally signed

 


All the major infrastructures in the country is in full speed.

And one of which is the newly announced good news about the Makati subway.

The deal for its construction have just been recently signed by the proponents in Beijing, China.

(photo credit to owner)


Makati Subway would include a 10-station, 10-kilometer subway project in Makait City.

In a disclosure, Makati Subway Inc. and China Construction Second Engineering Bureau Co. Ltd. have agreed to peg the engineering, procurement and construction contract at $1.213 billion – $978.6 million for civil works and $234.16 million for mechanical, electrical and plumbing.

The Makati subway contract was signed during the 2020 International Fair for Trade in Services, The Belt and Road and Overseas Projects held in Beijing, China, more than a year.

The public-private partners expect to finish the 700,000-passenger a day subway by the year 2025.

 The subway will link key spots in the city such as Ayala Avenue, Makati City Hall, Poblacion Heritage Site, University of Makati, and the Ospital ng Makati. With an estimated cost of U.S. $3.7 billion.

Current Mayor Abby Binay clarified that the city local government will not spend anything on the project- it is privately funded.

 

 

 

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