The Makati Subway
Makati City's dream of having a subway is on its way to being realized.
Publicly listed IRC Properties is in talks with Chinese companies about building a $3.7 billion, 11-kilometer subway that will help ease traffic in the city's commercial-financial district and other areas.
It has secured "original proponent" status for the project, meaning it has the right to match the bid of a challenger, should there be one, according to Public Private Partnership guidelines.
The proposed Makati subway will have up to 10 stations, one of which will be near the planned Metro Manila subway so that passengers from one railway can easily transfer to the other, Makati Mayor Abigail Binay said recently.
The project is part of the plan to transform Makati into a "Smart City of the 21st Century."