28 October 2015
Manila's new international gateway will be build in Sangley airport in Cavite, with subway line component terminating in Roxas boulevard, leaked data disclosed. The project is keep under wraps by the Transport Department (DOTC) pending official announcement in November.
The $10 billion mega airport project and the subway commuter line will be funded by Japan International Cooperation Agency (JICA) and slated to be announce during the Asia Pacific Economic Conference meeting from November 16-20. Ground works are expected to start in 2017 and project completed in 2025.
The airport funding will come from Official Development Assistance (ODA) and is part of Japan Prime Minister Shinzo Abe’s commitment to President Benigno Aquino III made in June when he visited Tokyo for official visit.
The subway linking the airport spans 40 to 70 kilometer line with possible extensions to Bulacan, according to JICA project brief. It also stated that the final route and possible stations “still needs to be fleshed out.”
Japan also pledged to provide P89 billion in concessional loan for the North-South Commuter Railway Project, its biggest official development assistance (ODA) to the Philippines to date.
National Economic Development Authority (NEDA) confirmed the project proposal during a media briefing in Pasig City yesterday during the “Cooperation Roadmap” meeting.
“It is a collaborative undertakings by the Government of the Philippines and Japan,” Socioeconomic Planning Secretary Arsenio M. Balisacan said.
Transport Undersecretary for Planning Rene K. Limcaoco said the project will still need to be signed by Mr. Abe when he visits the Philippines for the Asia-Pacific Economic Cooperation next month.
"It's not cast in stone yet," says Limcaoco whose sentiment was echoed by Japanese Ambassador to the Philippines Kazuhide Ishikawa.
The Ambassador said that Japan will “decide project by project what kind of financing we will make.”
The first APEC Steering Committee Meeting pushes forward the “Cooperation Roadmap” signed by Mr. Abe and Mr. Aquino in Tokyo, and reviews the progress of infrastructure projects funded by Japan. The Cooperation Roadmap envisions a “modern and efficient” transportation network in the Metropolitan Manila by 2030.
JICA already submitted the Feasibility Studies for the two projects to DOTC and NEDA for approval and is set to finalize the details of the airport project by April next year.
Manila's new international gateway will be build in Sangley airport in Cavite, with subway line component terminating in Roxas boulevard, leaked data disclosed. The project is keep under wraps by the Transport Department (DOTC) pending official announcement in November.
The $10 billion mega airport project and the subway commuter line will be funded by Japan International Cooperation Agency (JICA) and slated to be announce during the Asia Pacific Economic Conference meeting from November 16-20. Ground works are expected to start in 2017 and project completed in 2025.
The airport funding will come from Official Development Assistance (ODA) and is part of Japan Prime Minister Shinzo Abe’s commitment to President Benigno Aquino III made in June when he visited Tokyo for official visit.
The subway linking the airport spans 40 to 70 kilometer line with possible extensions to Bulacan, according to JICA project brief. It also stated that the final route and possible stations “still needs to be fleshed out.”
Japan also pledged to provide P89 billion in concessional loan for the North-South Commuter Railway Project, its biggest official development assistance (ODA) to the Philippines to date.
National Economic Development Authority (NEDA) confirmed the project proposal during a media briefing in Pasig City yesterday during the “Cooperation Roadmap” meeting.
“It is a collaborative undertakings by the Government of the Philippines and Japan,” Socioeconomic Planning Secretary Arsenio M. Balisacan said.
Transport Undersecretary for Planning Rene K. Limcaoco said the project will still need to be signed by Mr. Abe when he visits the Philippines for the Asia-Pacific Economic Cooperation next month.
"It's not cast in stone yet," says Limcaoco whose sentiment was echoed by Japanese Ambassador to the Philippines Kazuhide Ishikawa.
The Ambassador said that Japan will “decide project by project what kind of financing we will make.”
The first APEC Steering Committee Meeting pushes forward the “Cooperation Roadmap” signed by Mr. Abe and Mr. Aquino in Tokyo, and reviews the progress of infrastructure projects funded by Japan. The Cooperation Roadmap envisions a “modern and efficient” transportation network in the Metropolitan Manila by 2030.
JICA already submitted the Feasibility Studies for the two projects to DOTC and NEDA for approval and is set to finalize the details of the airport project by April next year.
And Philippines debt to Japan would soar like planes
ReplyDeletedont worry, by that time you are already dead
Deletehahaha.lol
DeleteGood! That would make China think twice NOT to invade the Philippines. Because Japan has a very stern way of protecting its ovreas investments.
ReplyDeleteWho needs sources? I believe EVERY word you say...
ReplyDeleteWhy build subway to Roxas Blvd when there is already coastal highway up to Binakayan !! Konti na lang gagawin up to Sangley !!
ReplyDelete