5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Last subway contracts targeted for award this year

by
January 16, 2025
in Stock
0
Last subway contracts targeted for award this year
THE Tunnel Boring Machine at the Camp Aguinaldo station of the Metro Manila Subway Project in Quezon City on Jan. 16, 2025. — PHILIPPINE STAR/MIGUEL DE GUZMAN

THE Department of Transportation (DoTr) is hoping to award the remaining contract packages of the Metro Manila Subway Station project by the middle of this year.

“For the remaining contract packages (CPs) — that is, CP 105, 108, 109 — We hope to award those by the middle of this year,” Transportation Undersecretary for Railways Jeremy S. Regino told reporters on Thursday.

On Thursday, the Transportation department, together with Sumitomo Mitsui Construction Co., Ltd. officially launched the tunneling works for CP 103 of the Metro Manila Subway project with the installation of the tunnel boring machine at Camp Aguinaldo station.

The remaining contract packages of the Metro Manila Subway Station project are valued at between P10 billion and P15 billion.

CP 105 covers the construction of the station in Kalayaan Avenue and Bonifacio Global City; while CP 108 covers the Lawton and Senate-DepEd stations; and CP 109 the Ninoy Aquino International Airport (NAIA) Terminal 3 station.

“The DoTr commits to go full blast with our projects this year despite budget constraints. We are confident of the timely completion of transport infrastructures in the coming year,” Mr. Regino said.

The Metro Manila Subway Station project is now 50% complete, Mr. Regino said, adding that the DoTr is still confident of achieving partial operations in 2029, with full operations expected between 2030 and 2031.

The subway project will link Valenzuela City to Parañaque City, with a spur line connecting to Ninoy Aquino International Airport.

The subway is 33 kilometers long with 17 stations. The goal is to cut travel time between Quezon City and NAIA to 35 minutes from over an hour currently. It is expected to accommodate up to 370,000 passengers daily. — Ashley Erika O. Jose

Previous Post

Price hikes approved for 63 commodities

Next Post

PEZA seeking to raise share of electronics locators in ecozones

Next Post
PEZA seeking to raise share of electronics locators in ecozones

PEZA seeking to raise share of electronics locators in ecozones

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    FDI net inflows drop to $529M in Feb.

    FDI net inflows drop to $529M in Feb.

    May 12, 2025
    Over 14,000 MW of new power projects set to go online by 2030

    Over 14,000 MW of new power projects set to go online by 2030

    May 12, 2025
    Demand for domestic debt issuances likely to rise

    Demand for domestic debt issuances likely to rise

    May 12, 2025
    PHL construction industry’s modernization to boost resilience amid trade uncertainties

    PHL construction industry’s modernization to boost resilience amid trade uncertainties

    May 12, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.