Makati inks deal for $3.5-B subway

It’s all systems go for the country’s first subway system after Makati Mayor Abby Binay signed the joint venture agreement for the project with Philippine Infradev Holdings Inc. last week.

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Philippine Infradev, formerly IRC Properties Inc., will build the $3.5 billion Makati City Subway, to be known as MkTr, after getting the approval of the city council and winning the Swiss challenge.

Binay said the MkTr will benefit residents of Makati as well as commuters from all over Metro Manila since it will connect key points and cut travel time within the city.

The proposed subway would connect key points in Makati like the current Central Business District at the corner of Ayala and Sen. Gil Puyat Avenues, Circuit City, Makati City Hall, University of Makati, Ospital ng Makati and other new growth areas within the city.

The subway will have up to 10 air-conditioned, underground island stations. It can accommodate up to six car trains, with room for over 200 persons per car, with more than 700,000 passengers per day to be accommodated and served by the proposed mass transport system.

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