Manila Set to Get Two New Train Systems
Plans to improve Manila’s transport infrastructure were announced this week with the building of two new train systems in the thriving city. It is thought that the two announced train lines will help assist congestion in and around Manila.
The initial planned route will connect Clark Special Economic Zone to Metro Manila and the second will link the central business districts of Makati, Taguig and Pasay.
The construction of the two new train lines is anticipated to be operational before the end of the Aquino administration’s term.
Development Authority (BCDA) President and chief executive Arnel Paciano Casanova Bases Conversion has divulged that they’re in discussion with the Department of Transportation and Communications for the implementation of these developments.
Both rail projects are part of BCDA’s plan to join certain economic zones in Luzon and decongest some heavy traffic regions in the metropolis. The new train systems are also expected to help to increase the Philippine economy.
Bids for the development have been opened to the public-private partnership project and unsolicited bids. If new technologies are deployed in the train system, bids could be unsolicited, subject to certain conditions.
This is another example of the consistent attractiveness of investment in Manila. Crowned the strongest rental market in Asia, Manila has drawn the interest of both Filipino and overseas investors. Buy-to-let property has been a popular choice for investors becuase of the high rental yields and good capital appreciation.
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