Estimated Project Cost: $1.2 Billion
Timetable: Targetted for completion by 2005
- A consortium of big local and foreign investors.
- The Manila-based development group EL International Holdings which is part of the EL group of Companies of HongKong, which has teamed up with local groups EEI Corp. of the Yuchengco family and TCGI Engineers.
- Other partners are the Tyco International group of the United States, the world’s largest manufacturer of electrical and electronic components and global infrastructure giant Alstom of France, which are participating through respective units Earth Tech and Alstom Phils.
- Make the transportation system more efficient.
- Decongest Metro Manila of heavy traffic because of provincial buses.
- Educate the riding public on how to deal with intermodal public transport they way it is dealt with in most major cities in the world.
- Promote into modal transport in the subject transport zone and accelerate/ease the movement of people, goods and services, specifically: cut travel by 50-80% or more, attain efficiencies in economic and social transactions in the areas of Bulacan and between Bulacan and Metro Manila.
Medium-to-long-term objectives: to spur the development in the subject areas; partially help ease the traffic and population problems in Metro Manila, among others.
- A mass railway system to link Marilao in Bulacan to Edsa-Quezon Avenue through a build-operate-transfer (BOT) project with the government.
- One of its main features will be a bus terminal facility north of Manila in Bulacan so that provincial buses will be encouraged to drop off the passengers there and they can, then proceed to the MRT.
- The proposed 20-kilometer MRT will begin its route from Marilao, passing through the La Mesa Dam reservoir, Fairview, Batasan, U.P. in Diliman, Philcoa and Edsa-Quezon Avenue.
* An excerpt from proposal for MRT Project