Mega Manila Subway in 2020
Among the centerpieces of President Rodrigo Duterte's "Build, Build Build" program is the first ever subway in Metro Manila, which is expected to provide relief to millions of commuters.
NEDA said its board agreed with the recommendation of the Investment Coordination Cabinet Committee (ICC-Cabcom) to extend the subway to the Ninoy Aquino International Airport (NAIA) and hasten the completion of the project even if it entails higher cost.
The project started rolling with the signing of a P51.3-billion loan agreement from Japan last March for the first phase of the project.
The subway system, which will run from Mindanao Avenue in the north all the way to the Ninoy Aquino International Airport complex, is expected to be partially operational by 2020 and fully operational by 2025.
Here is what to expect from one of the flagship projects under "Dutertenomics."
Having the subway will decongest traffic on EDSA and connect major business centers in Metro Manila to the premiere international gateway, Socioeconomic Planning Secretary and NEDA director general Ernesto Pernia said.
“The MMSP (Mega Manila Subway Project) will significantly improve Metro Manila’s transportation system, air quality and productivity, thereby reducing the P2.4-billion economic loss the country incurs daily due to heavy traffic,” he said.
Also approved in the board meeting late Tuesday are four new flagship projects, bringing the total number of approved projects to 35 valued at $1.2 trillion.
These projects include: Improving Growth Corridors in Mindanao Road Sector Project, which would be handled by the Department of Public Works and Highways (DPWH). This project worth P21.19 billion will be financed through a loan from Manila-based Asian Development Bank (ADB). This involves upgrading seven roads and the widening a 40-kilometer road segment with slope protection. Construction is set to begin late this year and end in the fourth quarter of 2020. The three Tawi-Tawi bridges under the project was likewise conditionally approved.
The Binondo-Intramuros and Estrella-Pantaleon Bridges Construction Project, also to be undertaken by the DPWH, are worth a total P5.97 billion. The Binondo-Intramuros Bridge involves the construction of a new four-lane bridge and viaduct. The Estrella-Pantaleon Bridge, meanwhile, involves the replacement of the existing two-lane bridge with a four-lane bridge and widening of the approach roads. Construction of the bridges is set to begin in the fourth quarter this year and end in the fourth quarter of 2020, financed with grants from China.
The Lower Agno River Irrigation System Improvement Project of the National Irrigation Administration (NIA) is valued at P3.5 billion. The project involves the development of a 12,650 hectare service area that will benefit 10,372 farmers in seven municipalities in Pangasinan, Nueva Ecija and Tarlac. It will be funded by the national government and will be implemented from January 2018 to December 2021.
The Infrastructure Preparation and Innovation Facility of the Department of Finance will directly support the DPWH and Department of Transportation (DOTr) in delivering more effective and innovative infrastructure projects by accelerating the approval process and ensuring the timely, high-quality procurement and implementation of projects.
“The approval and eventual completion of these projects will pave the way for us to achieve our mid-term and long-term goals as a country and a nation,” said Pernia.
The highest policy-making and coordinating body of the executive branch also approved changes to previously approved projects.
The NEDA board fixed the project cost for the Philippine National Railway-South Line of the DOTr to P299.4 billion, to be funded by ODA. The project is envisioned to be the transportation backbone of Southern Luzon and is expected to improve the connectivity of major airports and seaports. The South Line consists of a commuter line and long haul. The 72-kilometer commuter line will have 23 stations from Solis-Hermosa in Manila to Los Baños in Laguna. The long haul line, meanwhile, will run from Laguna to Bicol.
The board likewise extended the ADB loan validity for the Road Improvement and Institutional Development Project by the DPWH up to Dec. 30, 2019.
The cost for the Cebu Bus Rapid Transit Project of the DOTr was also raised to P16.30 billion from P10.61 billion due to changes in land valuation following the enactment of the Right of Way Act and foreign exchange rate differentials.
The change in mode of implementation for the Clark International Airport Expansion Project of the Bases Conversion and Development Authority, to the build-transfer scheme was also approved.
Crown Asia Philippines
Crown Asia not only offers the “trophy” home every family deserves, but also the primmest location where every community has access to different needs within arm’s reach. Up to this date, this Vista Land Company subsidiary has proven that Filipino families deserve a quality home where they can raise good values among their homes and community. Founded in 1995, Crown Asia still thrives to build beautiful homes that are meant to last for generations where families share cherished memories and enjoy limitless celebrations. It has earned its title to be one of the top home-developers in the Philippines catering to middle and upper-income earning families. It is also praised for their themed-communities inspired from stunning places around the world.
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(+63) 977 182 4135
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Evia Lifestyle Center, Vista City,
Daang Hari, Las Piñas City
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Easy Steps to Buy
1 |
Schedule Property ViewingSchedule an exclusive property viewing with our property consultant to your desired project. To schedule an appointment, you may contact (+63) 917 512 5475. For overseas-based clients, you may request for your family or representative to have the viewing on your behalf. |
2 |
Unit ReservationDuring property viewing, you'll be presented with the best available units within latest inventory. You may reserve your desired unit by filling out the Buyer Information Sheet, Reservation Forms and paying the reservation fee. Requirements to bring: Two (2) valid ID and TIN number (both spouses if married). |
3 |
Submit Required DocumentsPersonal and documentary requirements must be submitted within 30 days from the date of reservation. A checklist of requirements can be downloaded here. Bank financing is developer-assisted (see list of accredited banks). |
4 |
Pay DownpaymentPayment of required downpayment is made through post-dated cheques (PDCs) payable to Crown Asia. Downpayment can be paid on lump sum or monthly installment at zero interest. |
5 |
Unit TurnoverAfter downpayment, wait for the unit construction to finish and for home loan application to be approved (if bank financing) before we can schedule a unit inspection. After inspection, client may now accept the unit and move-in. |
List of Requirements
- 2 pcs. Philippine-issued Valid ID
- Accomplished Customer Information Sheet
- Accomplished Reservation Agreement Form
- Reservation Fee
If married, both spouses shall submit the following:
- 3 pcs. 1x1 picture
- 2 Philippine-issued Valid ID
- Birth Certificate (if single)
- Marriage Certificate (if married)
- Proof of Billing Address or Barangay Certificate
- Tax Identification Number
- Post Dated Cheques
- Certificate of Employment with Compensation
- Payslips (latest 3 months)
- Latest Income Tax Return (ITR)
- Bank Statements (latest 6 months)
- Vouchers latest 6 months (for commission-based employee)
- Photocopy of Passport
- Job Contract (photocopy)
- Passport stamp entries
OFW/Immigrants buyers must assign a family/relative as their Attorney-in-fact (AIF) in their home purchase. AIF must likewise submit the following requirements:
- 3 pcs. 1x1 picture
- 2 pcs. Philippine-issued valid ID
- Proof of Billing Address
- Special Power of Attorney Form (Notarized/Consularized)
Additional requirements for business owners (self-employed) with minimum 3 years of operation:
- Business Permit
- Latest 3 years ITR with Financial Statement
- Photo of Business Establishment
- Bank Statements latest 1 year