Author Topic: Guadalupe-BGC monorail eyed  (Read 1110 times)

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Guadalupe-BGC monorail eyed
« on: December 18, 2019, 04:04:43 PM »
Guadalupe-BGC monorail eyed
By Kris Crismundo  October 11, 2017, 1:03 pm

https://www.pna.gov.ph/articles/1012423

MANILA -- Tycoon Andrew Tanís Infracorp Development, Inc. has submitted an unsolicited proposal to the government to build a monorail connecting MRT Guadalupe station and Bonifacio Global City (BGC).

In a disclosure to the Philippine Stock Exchange (PSE) Wednesday, Alliance Global Group, Inc. (AGI) said it created Infracorp, a new subsidiary that will handle infrastructure projects.

AGI added Infracorp aims to join the Public-Private Partnership (PPP) projects of the Duterte administration.

In addition to the ongoing and planned infrastructure projects of the government, the Skytrain will be a two-kilometer monorail that aims to carry 60,000 to 100,000 daily passengers commuting between Guadalupe in Makati City and BGC in Taguig City, cutting travel time to five minutes.

Infracorp eyes the stations near MRT Guadalupe and in Uptown Bonifacio, AGIís township development in BGC.

AGI said the proposed monorail project will be at no cost to the government.

ďGiven the countryís strong and stable economy, we see a huge opportunity to invest in infrastructure. We are excited to participate and optimistic about the governmentís aggressive push for infrastructure developments,Ē AGI Executive Director Kevin Tan said.

ďFunding of the project will be internally-generated as part of AGIís existing CAPEX program. We cannot disclose the exact amount of the investment yet until the government gives us the gosignal to proceed. We will follow the rightful process of this exercise,Ē added Tan who is also the appointed president of Infracorp.

Once the government approved Infracorpís unsolicited proposal, the construction of Skytrain would take three years.

The company said Skytrain can also be interconnected to the planned subway project passing through BGC.

The AGIís unit will also look into other infrastructure projects in Metro Manila and other parts of the country. (PNA)