The groundbreaking ceremony for the construction of the P200 billion-worth Makati subway system was held in front of the Old City Hall building on Wednesday.
Lei Alviz reported on 24 Oras that a memorandum of understanding was signed between the city government of Makati and its private sector partners, after which the scale model of the subway was unveiled.
The 10-kilometer subway will run from EDSA-Ayala to Ospital ng Makati.
The transport system will have 10 underground stations located at key destinations in the busy city such as the Ayala Triangle, Makati City Hall, and University of Makati.
There are also plans of integrating the Makati subway to MRT 3, Pasig River Ferry System, and the proposed Metro Manila Mega Subway. The target completion date for the project is 2025.
The project is seen to significantly ease the traffic congestion in Makati by providing alternative transport services for up to 700,000 commuters and to reduce the number of vehicles plying on Makati roads by 270,000.
A private consortium composed of local and foreign investors will fund the entire infrastructure project. — Dona Magsino/BAP, GMA News