Chinese state firm to build subway for Metro Manila’s business district

The subway will circumvent Makati city

A Chinese construction company has been awarded a $1.2-billion contract to build an eight kilometer-long subway line in Metro Manila’s premier business district Makati.

State-owned China Construction Second Engineering Bureau, a unit of China State Construction Engineering, the world’s largest construction company, will start building the Makati City Subway when travel restrictions related to the Covi-19 pandemic are being lifted.

The subway is targeted to be completed by 2025 unless there are more complications from the pandemic, according to Antonio Tiu, CEO of Philippine Infradev Holdings, the local partner of the Chinese, Nikkei Asian Review wrote. The project, which is a joint venture with the Makati city local government, will be partly financed by Chinese investors.

The contract, which covers the civil, mechanical, electrical and plumbing works for the project and was seen as having “the best terms” amid several other biddings from construction companies, was sealed during the 2020 International Fair for Trade in Services held from September 3 to 7 in Beijing, Infradev said in a statement to the Philippine stock exchange.

Later expansion of the Makati subway possible

Plans are that the subway will have an initial length of eight kilometers and eight stations, but could be expanded. It will circumvent Makati city and be able to transport up to 700,000 passengers daily in a city that has a daytime population of around four million.

The Makati subway is part of Philippine President Rodrigo Duterte’s ambitious $180-billion “Build, Build, Build” infrastructure programme, which also encompasses a new $10-billion airport project south of Manila and another 35-kilometer subway with 15 stations for Metro Manila with projected costs of $7.35 billion.

The airport project involves another Chinese company, China Communications Construction Co., while the Metro Manila subway is supported by Japanese partners including Tokyo Metro and OC Global and several Japanese engineering companies.



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The subway will circumvent Makati city A Chinese construction company has been awarded a $1.2-billion contract to build an eight kilometer-long subway line in Metro Manila’s premier business district Makati. State-owned China Construction Second Engineering Bureau, a unit of China State Construction Engineering, the world’s largest construction company, will start building the Makati City Subway when travel restrictions related to the Covi-19 pandemic are being lifted. The subway is targeted to be completed by 2025 unless there are more complications from the pandemic, according to Antonio Tiu, CEO of Philippine Infradev Holdings, the local partner of the Chinese, Nikkei Asian...

The subway will circumvent Makati city

A Chinese construction company has been awarded a $1.2-billion contract to build an eight kilometer-long subway line in Metro Manila’s premier business district Makati.

State-owned China Construction Second Engineering Bureau, a unit of China State Construction Engineering, the world’s largest construction company, will start building the Makati City Subway when travel restrictions related to the Covi-19 pandemic are being lifted.

The subway is targeted to be completed by 2025 unless there are more complications from the pandemic, according to Antonio Tiu, CEO of Philippine Infradev Holdings, the local partner of the Chinese, Nikkei Asian Review wrote. The project, which is a joint venture with the Makati city local government, will be partly financed by Chinese investors.

The contract, which covers the civil, mechanical, electrical and plumbing works for the project and was seen as having “the best terms” amid several other biddings from construction companies, was sealed during the 2020 International Fair for Trade in Services held from September 3 to 7 in Beijing, Infradev said in a statement to the Philippine stock exchange.

Later expansion of the Makati subway possible

Plans are that the subway will have an initial length of eight kilometers and eight stations, but could be expanded. It will circumvent Makati city and be able to transport up to 700,000 passengers daily in a city that has a daytime population of around four million.

The Makati subway is part of Philippine President Rodrigo Duterte’s ambitious $180-billion “Build, Build, Build” infrastructure programme, which also encompasses a new $10-billion airport project south of Manila and another 35-kilometer subway with 15 stations for Metro Manila with projected costs of $7.35 billion.

The airport project involves another Chinese company, China Communications Construction Co., while the Metro Manila subway is supported by Japanese partners including Tokyo Metro and OC Global and several Japanese engineering companies.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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