The Makati Subway project, a P200 billion plan to build an underground train linking key areas in the Makati business district, is in doubt after the Supreme Court ruled that 10 barangays that were originally part of Makati should now be under Taguig’s jurisdiction.
The private sector developer of the project, Philippine InfraDev Holdings, said that the ruling would affect the train depot and a few of the proposed stations, making the alignment of the subway no longer feasible.
The company has written to the Makati City government to propose discussions on how to move forward with the project. Shares of Philippine InfraDev plunged more than 10 percent following the announcement.
The Makati Subway project was one of the biggest local government and private sector joint venture infrastructure projects when it was signed in 2019. It is separate from the P350 billion Metro Manila subway project of the Department of Transportation.
Source: PhilNews24 | September 7, 2023
