Makati Mayor Abby Binay announced on August 24, 2018, that a private consortium is expected to break ground this December for the construction of a US$3.7 Billion (Roughly PhP 200 Billion) intra-city subway for Makat City.
The subway project is the result of an unsolicited proposal submitted to the City of Makati in May of this year by a consortium spearheaded by IRC Properties Inc. The proposed subway will create 10 air-conditioned, underground subway station where 6-car long trains capable of carrying 200 persons per car will ply. The subway is expected to be completed by 2025 when it will ferry up to 700,000 people daily. Some of the proposed subway stations for the 10km subway include:
- SM Makati
- Ayala Triangle Gardens
- Makati City Central Fire Station
- Manila South Cemetery
- Makati City Hall
- Rockwell Center
- University of Makati
The proposal will also interlink the MRT, the Pasig River Ferry and the Administration’s JICA-funded Metro Manila Subway System in Guadalupe.
IRC Properties inc said “IRC wishes to inform the investing public that pursuant to Makati City Ordinance No. 2014-051 or the City of Makati PPP Code,” as amended by Makati City Ordinance No. 2017-017, a joint certification was today executed between the Makati City Government and IRC, certifying, among others, that IRC, as the proponent, is eligible to participate as the original proponent in the unsolicited proposal and competitive/Swiss Challenge process,” The Swiss Challenge will end next month,.
Because it is a privately spear-headed project, Mayor Binay was happy to state that Makati CIty will not spend a single centavo in the production of the subway. The local government of Makati will just contribute the land that it currently owns to the project. Mayor Binay proudly stated “This mass transport system is Makati’s most ambitious PPP project to date. It’s part of my vision to make Makati the country’s first digital city—a city that is future-proof, connected and innovative without losing its cultural heritage and identity,”
Aside from IRC Properties Inc, the consortium includes: Greenland Holdings Group, Jiangsu Provincial Construction Group Co. Ltd., Holdings Ltd. and China Harbour Engineering Company Ltd.