PHILIPPINE REAL ESTATE and RELATED NEWS in and around the country . . .
.
.

NEDA approves LRT-1 Cavite extension

Published : Friday, April 27, 2012 13:34
Written by : ROSALIE C. PERIABRAS REPORTER
[ manilatimes.net ]

Transportation Secretary Manuel “Mar” Roxas 2nd announced on Thursday that the P60-billion Light Rail Transit-1 (LRT-1) Cavite Extension was approved by the National Economic and Development Authority in March and is set for bidding in the first week of May.

Roxas said that the construction of the tracks, the stations and all its attendant facilities worth about P30 billion would be bidded out. The other half of the P60-billion project, which includes the purchase of the coaches, will be borne by the government through money funded via Official Development Assistance (ODA), which has lower interest rates over local private financing.

Commenting on the recent partnership of conglomerates Ayala Corp. and Metro Pacific Investment Corp. to jointly participate in government infrastructure projects, Roxas said: “Any expression of interest, particularly by people possessing these qualifications is always welcome.”

“We want companies with huge capitalization, who have a good track record of delivering large infrastructure projects, who clearly have access to the [latest] technology, manpower, management and all the skills necessary to successfully deliver all of these projects,” he said.

Roxas added that the government wants to avoid or minimize participation of ‘flippers’, or companies that bid low on a contract, then sell it to some other groups without the necessary expertise to implement the project. This ploy only delays a project and badly affects its delivery.

The Cavite Extension project will extend the existing 20.7-kilometer LRT-1, which runs from Roosevelt Avenue in Quezon City to Baclaran in Parañaque City, by adding 11.7 kilometers of rail heading toward Bacoor, Cavite.

Eight passenger stations, with a provision for two additional stations, one satellite depot and three intermodal facilities are part of the project. The passenger stations will tentatively be constructed in the following areas: Redemptorist Station in Redemptorist Road near Roxas Boulevard; MIA Station near the Coastal Mall also along Roxas Boulevard; Asia World Station near Asia World Development also in Roxas Boulevard; Ninoy Aquino Station on the east side of Ninoy Aquino Bridge over the Parañaque River; Dr. Santos Station, south of Dr. Santos Road; Las Piñas Station, east of Quirino Avenue and south of Las Piñas River; Zapote Station, north of the Alabang-Zapote flyover; and Niyog Station, south of the Niyog Road bypass and Aguinaldo Highway intersection.

Two provisional stations in Manuyo Uno in Las Piñas City and Talaba in Cavite, are also being proposed.

Once complete, the new line will increase ridership of the LRT-1 from 500,000 passengers to 700,000 passengers a day. It will provide faster and more convenient alternative mode of transport for residents of Cavite, Las Piñas and Parañaque.

The construction will be divided into two phases—from Baclaran to Dr. Santos Avenue (Phase 1A) and from Dr. Santos Avenue to Niyog Station (Phase 1B).

“We expect half the work to be completed by late 2014 and the other half by late 2015,” Roxas said.
_______________________________________________________________

real estate central philippines
Copyright ©2008-2017