The cost comparison of MRT-7 against other existing rail systems in Metro Manila, including the MRT-3 and LRT (Light Rail Transit) lines 1 and 2, have been submitted to the National Economic Development Authority (Neda) Board, which Aquino chairs. The cost comparison is the latest of the requirements the board imposed to start the construction of the US$1.2 billion railway system connecting Quezon City to the neighboring province of Bulacan. It has been delayed for over 5 years. “The MRT-7 is now with the President. Once the Neda Board gives its approval then we will issue the notice to proceed,” Transportation Secretary Joseph Emilio Abaya told reporters on Wednesday, September 11. “We have forwarded a memo to the President as directed by Neda, addressing the unit cost comparison of the various rail projects,” he added. According to the transport chief, Neda wants a comparison of the project cost, project scope and possibly the railway fares of MRT-7 versus as the other rail lines in the metropolis. “Just a check to make sure that price are relatively the same. When we compared, it seems to be similarly priced on unit costs,” Abaya explained.
Posted on: Mon, 16 Sep 2013 20:30:29 +0000
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