The ceremonial drilling for the Makati Subway Project was held on December 12 in front of the old City Hall building and was attended by Makati Mayor Abby Binay, former Vice President Jejomar Binay, Vice Mayor Monique Yazmin Maria Lagdameo, Councilor Virgilio Hilario Jr., Councilor Luis Javier Jr., City Administrator Atty. Claro F. Certeza, and representatives of the city’s private sector partners.
The said ceremony signals the start of preparatory works for the project.
According to Makati City government, the Makati Subway will be a joint venture between Makati City and a consortium of local and foreign investors, with no cash out on the part of the city. The 30-year concession with the consortium includes maintenance and repair of the coaches and the control hub.
“Once completed, the subway system will be able to service up to 27,000 passengers per hour per direction. The system also promises an interval of three to six minutes between trains on the first year, with 12 operational trains,” Makati City government said.
“The subway system will have two tracks, up to 10 underground stations, and air-conditioned coaches which can accommodate 200 persons per car. The entire system spans 10 kilometers with a train yard, maintenance depot, and central command center at ground level,” it added. “It will also be linked to ferry transport, interchanges to the existing MRT 3 line, as well as potential links to the future Japan International Cooperation Agency (JICA)-funded Metro Manila subway, and to future parking structures and transport feeders outside the existing business districts.”
The private consortium is led by IRC Properties. On October 23, IRC said it received “from PPP Selection Committee of Makati City Government a Notice of Award for the construction and operation of the Makati Subway System (the “Project”) to be implemented through a joint venture agreement.”