The Department of Transportation (DOTr) has granted INFRACORP Development, Inc. the Original Proponent Status (OPS) for the infrastructure company’s 2-kilometer Skytrain monorail from Fort Bonifacio to MRT Guadalupe Makati proposal.
This was announced by Andrew Tan’s Alliance Global Group, Inc. (AGI), the parent company of INFRACORP, in a statement provided to government regulators.
The statement said that under the proposed agreement, INFRACORP will build the Skytrain and transfer its ownership title to the government. INFRACORP will have the sole right to operate the Skytrain.
The Skytrain monorail project worth P3-billion will utilize the automated cable-propelled monorail technology, and it will reduce travel time from Fort Bonifacio to MRT Guadalupe Makati and vice versa to only five minutes – at no cost to the government.
It will be interconnected with other modes of transportation. It envisions to benefit around 60,000 to 100,000 passengers daily going to and from the bustling business districts of Makati and Taguig
“We envision to connect Makati to Taguig and vice versa. These two largest business districts in
the country need an efficient and fast transport system that is at par with what the other business
districts in cosmopolitan cities like Tokyo and Sydney have,” Tan said.
“We can start the project before the year ends and this will take us two years to complete it. By
early 2021, we can open the Skytrain to the public,” Tan said.
With DOTr’s endorsement, the proposal will now go to the National Economic Development Authority (NEDA) Board’s Investment Coordination Committee (ICC) for review, then to NEDA Board for final approval.