AUTO INDUSTRY NEWS

DOTC expects NEDA-approval for two major mobility solutions

DOTC expects NEDA-approval for two major mobility solutions image

Text: Eric Tipan / Photos: Wikimedia, Mikhail Shcherbakov | posted March 05, 2015 07:39

Both projects worth Php394 billion

The Department of Transportation and Communication (DOTC) is halfway to getting the nod of the National Economic and Development Authority (NEDA) for two Public-Private Partnership (PPP) projects after the NEDA’s Investment Coordination Committee (ICC) ok’d it already last January.

"The scheduled board meeting on the 24th or 25th... We have two PPP projects on the agenda.  Pag na-approve s'ya, we can start the bidding by second quarter... towards the latter part of the second quarter," said PPP Center executive director Cosette Canilao.

PPP project number one is the Php374.5 billion Makati-Pasay-Taguig Mass Transit System Loop that will be the first mass transit subway connecting Bonifacio Global City in Taguig City, Makati City and Pasay City.

"The DOTC has looked into the two alignments for the subway and the ICC approved the 26th (street) alignment as the main one with an alternate for the 32nd street. That's what's going to be presented to the NEDA board," said Canilao.

The Php19.332 billion Motor Vehicle Inspection System (MVIS) is PPP project number two and will serve as a center to inspect various categories of heavy duty, light duty and two-wheeled vehicles across the country.