Model Portfolio
The Gist
News and Features
Rates & Bonds Currencies Equities Economy Company Profile
Insights
Investment Strategies
Bonds Stocks
The Basics
Explainers
Webinars
webinar-img
Nulla Pharetra Diam Sit asd
December 8, 2021
wm-2
Diversify Across the Globe with the Metro$ World Equity Feeder Fund
December 7, 2021
webinar-img
Nulla Pharetra Diam Sit6
December 7, 2021
VIEW ALL WEBINARS
Downloads
af_30857_1675070779.jpg
Foreign Exchange
QA Test Download 01
DOWNLOAD
Asset
DLtestsearch
DOWNLOAD
Asset-Background-Texture1
Currencies
Download Test
DOWNLOAD
VIEW ALL REPORTS
Metrobank.com.ph Contact Us
Follow us on our platforms.

1How may we help you?1

TOP SEARCHES
  • Where to put my investments
  • Reports about the pandemic and economy
  • Wealth
  • Webinars
  • Downloads
TRENDING ARTICLES
  • No Relief from Deficit Spending Yet Lorem ipsum dolor
  • Philippines Stock Market Outlook Lorem ipsum dolor
  • On Government Debt Thresholds: How Much is Too Much? lorem
  • test 5
  • Investment Path Advisory lorem

Login

Access Exclusive Content
Login to Wealth Manager
Visit us at metrobank.com.ph Contact Us
Access Exclusive Content Login to Wealth Manager
Search
Model Portfolio The Gist
News and Features
Rates & Bonds Currencies Equities Economy Company Profile
Insights
Investment Strategies
Bonds Stocks
The Basics
Explainers
Webinars
webinar-img
Nulla Pharetra Diam Sit asd
December 8, 2021
wm-2
Diversify Across the Globe with the Metro$ World Equity Feeder Fund
December 7, 2021
webinar-img
Nulla Pharetra Diam Sit6
December 7, 2021
VIEW ALL WEBINARS
Downloads
af_30857_1675070779.jpg
Foreign Exchange
QA Test Download 01
February 1, 2022 DOWNLOAD
Asset
DLtestsearch
December 7, 2021 DOWNLOAD
Asset-Background-Texture1
Currencies
Download Test
November 8, 2021 DOWNLOAD
VIEW ALL REPORTS
Others 3 MIN READ

Gov’t struggles with property acquisition for Manila subway

December 13, 2022By BusinessWorld
Related Articles
SEIPI eyes modest exports growth April 27, 2025 CAAP hikes terminal fees for air passengers April 21, 2025 Tan-led Emperador Properties set to list in Spain  December 13, 2022

By Arjay L. Balinbin, Senior Reporter

CONSTRUCTION of the first phase of the Metro Manila subway is facing delays as the government continues to have difficulty in land acquisition, its project manager said.

“There are property owners who refuse to cooperate, but we are getting help from different agencies and local government units in order to proceed,” Manila Subway Project Manager Mikaela Eloisa D. Mendoza told One New’s Agenda on Monday.

Land expropriation is an option to expedite the process, she said.

Ms. Mendoza said there was no available land for the subway project, except for those initially identified government properties, such as Veterans Golf Course and Camp Aguinaldo in Quezon City and other properties in Taguig.

The Transportation department has already acquired 90% of the properties needed for the 30-hectare depot in Valenzuela City and some station areas under the first contract package of the subway project, she said.

Ms. Mendoza said the department still aims to complete the first phase of the country’s first subway by 2028.

“We are incurring delays (in the project implementation) because of the pandemic aside from the right-of-way (ROW) acquisition. Now that the situation is going back to normal, the construction continues,” she said in a mix of English and Filipino.

The P357-billion, 33-kilometer subway will run from Valenzuela City to Ninoy Aquino International Airport. It will have 17 hop-in and hop-out stations. The subway’s Ortigas and Shaw Boulevard stations recently broke ground.

Rene S. Santiago, former president of the Transportation Science Society of the Philippines, said the target completion date for the subway is unrealistic.

“The 2028 completion date is a long shot, after I read the news items about two awards for contract packages. One stated 67 months to complete, equal to 5.6 years or nearly end of 2028. That is only one work package involving two stations and the tunneling in between,” he said in a phone message when sought for comment.

“The alleged ROW problem should not have happened if they optimized the use of TBMs (tunnel boring machines) and divided the contracts differently. Use only four TBMs, and two separate tunneling contract packages; equal to less surface disruptions and speedier construction. Estimated time for tunneling is 4.5 years,” he added.

Mr. Santiago said a more realistic completion date is by 2030.

Terry L. Ridon, a public investment analyst and convenor of think tank InfraWatch PH, said that if the acquisition of private property gets caught up in a protracted legal battle, the 2028 completion may be unrealistic.

“For context, the acquisition of private property along the subway alignment covers the country’s most exclusive villages and commercial properties. As such, we are expecting stiff opposition grinding through a prolonged expropriation process,” he said in a phone message.

“However, this should have been considered by the previous administration when it proceeded with finalizing the current subway alignment.”

He also said that President Ferdinand R. Marcos, Jr. and Transport department officials should decide whether rerouting the alignment is a feasible endeavor without delaying construction and incurring further costs.

This article originally appeared on bworldonline.com

Read More Articles About:
Worldwide News Philippine News Rates & Bonds Equities Economy Investment Tips LIfestyle

You are leaving Metrobank Wealth Insights

Please be aware that the external site policies may differ from our website Terms And Conditions and Privacy Policy. The next sitte will be open in a new browser window or tab.

cancel proceed
Get in Touch

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph

Regulated by Bangko Sentral ng Pilipinas | Tel. No: (02) 8-708-7087 | Email Address: consumeraffairs@bsp.gov.ph| Contact the BSP Online Buddy (BOB) through the following channels: Website: https://www.bsp.gov.ph | SMS: 021582277 | Facebook: https://www.facebook.com/BangkoSentralngPilipinas

Quick Links
The Gist Explainers Webinars Wealth Manager Downloads
Markets
Rates & Bonds Currencies Equities Economy Company Profile
WEALTH
Portfolio Picks
Bonds Topic Stocks
Others
Contact Privacy Statement Terms of Use
Copyright © 2021. All rights reserved.

This article is exclusive to Metrobank preferred clients. dev

Log in your Wealth Manager account to get access to investment insights, bank views, and webinar videos.

login learn more