Manila has been one of the growing capitals of Asia in terms of economy and population. However, it has also been bugged by the same problem for decades; heavy traffic.
Many regulations and proposals have been done to ease the congested traffic in the Metro, but to no avail. The latest proposal has come from billionaire tycoon Andrew Tan.
Tan, through his newly established company INFRACORP, submitted an unsolicited proposal for a 2-kilometer ‘Skytrain’ which will connect the MRT Guadalupe Station to Tan’s Uptown Bonifacio development.
Photo released by Alliance Global showing the proposed Skytrain.
The said project will be at no cost to the Philippine government. It is also projected to serve 60,000 to 100,000 passengers a day.
According to Alliance Global Executive Director and INFRACORP president Kevin Tan, “Given the country’s strong and stable economy, we see a huge opportunity to invest in infrastructure. We are excited to participate and optimistic about the government’s aggressive push for infrastructure developments.”
The Skytrain could cost Php3.8 billion according to initial estimates. If the government approves the proposal, INFRACORP targets to start construction by the second half of 2018 and complete the project in 2 years.
Automated cable-propelled monorail technology will be used for the Skytrain. This transportation will reduce travel time from Fort to MRT Guadalupe to five minutes.
Alliance Global is one of the country’s largest holding company which includes property developer Megaworld, casino operator Resorts World Manila, Travellers International Hotel Group and brandy-producer Emperador Inc.
Meanwhile, Andrew Tan is the 9th richest man in the Philippines with a net worth of $2.9 billion according to Forbes Magazine’s 2017 ranking.