68389 Mitsubishi Corporation awarded the over €1 billion, approximately over P57.5 billion, contract to design and build the turnkey rail system for the Metro Manila Subway to Thales, in a consortium with Colas Rail (lead) and Egis. Thales will design and deploy its latest generation of...
Finance Secretary Carlos Dominguez (left foreground) and JICA Chief Representative Azukizawa Eigo (right foreground), joined by (background from left) DOTr Undersecretary Timothy John Batan, Finance Undersecretary Mark Dennis Joven, and Ambassador of Japan to the Philippines KOSHIKAWA Kazuhiko at...
The governments of the Philippines and Japan signed a P112.87 billion loan agreement, the second tranche funding for the construction of the Metro Manila Subway Project, the country's first-ever underground railway. Finance Secretary Carlos Dominguez III, on behalf of the Philippine government, and...
A loan agreement amounting to 253.307 billion yen between the Philippines and Japan to fund the construction of the Metro Manila Subway Project (Phase 1) has been signed. (Photo courtesy of Japan Embassy in the Philippines) Japanese Embassy in the Philippines said the official development...
The P355.6-billion Metro Manila Subway Project (MMSP) is 25.09 percent complete as of December 2021, according to the Department of Transportation ( DOTr). media The MMSP is the Philippines’ first underground mass transport system and one of its largest infrastructure projects. A subway in Metro...
Be thankful this holiday season with the brand's new Italian B.M.T. Plus The Casa Mamas are a group of hodophiles or people who love to travel. Moms Aliza Goco, Carmel Villongco, Gin Panlilio, Kat Maderazo, and Leona Panutat all live in the same village and see each other at mass or other community...
As the construction and planning stages for the Makati Intra-city Subway (MkTr) is in full swing, Makati City Mayor Abby Binay announced the opening of the first wave of job vacancies for the project. “As promised earlier, the Makati Subway will be generating jobs and providing an additional...
The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for the builder of the Makati City Subway, the Department of Finance (DOF) announced. In a statement released by the DOF on Monday, Nov. 8, it said that the FIRB took into consideration the projected increase in...
The Philippines and Japan on Tuesday, (July 27) formally signed an additional P116-billion (JPY253 billion) loan package to finance the building of the country’s first underground railway. Foreign Affairs Secretary Teodoro Locsin, Jr. and Japan Ambassador to the Philippines Koshikawa Kazuhiko...
Redco Transit Development Pte Ltd. (Redco) of Singapore has terminated its planned acquisition of shares in Makati City Subway Inc. (MCSI) from Philippine Infradev Holdings Inc. (PIHI) and Hong Kong Binjiang Industrial Limited (HK Binjiang). The Philippine Competition Commission (PCC) on March 9,...
Philippine Infradev Holdings, Inc. announced that its wholly-owned subsidiary Makati City Subway, Inc. has executed a legally binding Term Sheet with Richer Today, Inc. (RTI) for a new joint venture. In a disclosure to the Philippine Stock Exchange, the firm said the Term Sheet provides that MCSI...
The Department of Transportation (DOTr) and the Department of National Defense (DND) on Friday (December 4, 2020), virtually signed the Right-of-Way Usufruct Agreement (ROW UA) covering five real estate properties of the DND to be expropriated for the first phase of the P355.6-billion Metro...
