Good news to all motorists who use the Metro Rail Transit 3 (MRT-3) to commute daily: The National Economic and Development Authority (NEDA) stated that the PHP22.061 billion allotted for the said project will be implemented near the end of 2018 and continue until next year.
“It is set to start implementation in the third quarter of 2018 and be completed in the first quarter of 2021,” said NEDA.
The project will be mostly financed by a loan from Sumitomo Corp. of Japan. According to the NEDA Investment Coordination Committee-Cabinet Committee, they will sign the deal “by the end of August; if not mid-September.”
“Dokumento na lang po ang ginagawa (The contract is being finalized),” said Department of Transportation (DOTr) Secretary Arthur Tugade. He also added that the MRT 3’s rehabilitation can be completed in “32-34 months.”
According to the secretary, the entire railway, coaches, and everything else will be repaired once the MRT-3 rehabilitation pushes through. This move will also make its operations more efficient.
“The project will increase the number of train sets in operation to 18 from 15 per hour and enable them to reach a maximum speed to 60 kilometers per hour, among other performance criteria,” he explained.
NEDA Director General and Socioeconomic Planning Secretary Ernesto M. Prenia added:
“With the upcoming rehabilitation of the MRT 3, we expect improvements in service efficiency and security of the existing train line,” he said. “Over the long term, we envision the MRT to be a very convenient and efficient mode of transportation that will encourage car owners to shift to public transportation, thereby reducing traffic congestion in Metro Manila.”
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