Philippines’ first subway project is set to start its construction later this year and is seen to have its partial operability by 2022 and targeted to be finished by 2025.
This huge government infrastructure, dubbed as the ‘Project of the Century for the Philippines and Metro Manila’ by Socioeconomic Planning Secretary Ernesto Pernia is backed by Japan government.
The country’s initial loan from Japan was signed by the Philippine government and Japan International Cooperation Agency (JICA) in March 2018 amounting to 104.53 billion yen (P51 billion). The total cost of the project is approximated to be about 800 billion yen or P393 billion. It is payable in 40 years with a grace period of 12 years and an interest of 0.1 percent a year.
To lessen the travel time to 40 minutes from QC to NAIA
The Metro Manila Subway is expected to lessen the travel time from Quezon City to NAIA from almost 2 hours to about 40 mins. This will have a substantial positive impact on the country’s productivity.
This project is expected to influence the increase in the market value of the properties nearby this 35-kilometer subway. And as an investor, it is a wise decision to consider buying properties in considerable distances from the subway.
The subway will have 14 stations which will be located in Mindanao Avenue (QC), Tandang Sora (QC), North Avenue (QC), Quezon Avenue (QC), East Avenue (QC), Anonas (QC), Katipunan (QC), Ortigas North (Pasig), Ortigas South (Pasig), Kalayaan Avenue (Makati), Bonifacio Global City (Taguig), Cayetano Boulevard (Taguig), Food Terminal Inc. or FTI (Taguig), and Ninoy Aquino International Airport NAIA (Pasay).
Properties located in various central business districts such as Ortigas, Bonifacio Global City, and Arca South will truly benefit being aligned with the subway routes.
To know more about this subway project, click here. And if you are in the market for real estate properties which can benefit from Metro Manila Subway, inquire with us now.
