Metro Manila Subway Now 40% Complete, Partial Operations in 3-4 Years

Despite previous delays, the Transportation Department assures there is now no stopping the Metro Manila Subway project With renewed dedication and streamlined processes, the project is forging ahead at full steam, underscoring the government's unwavering commitment to enhancing transportation infrastructure and driving progress in the region.

In a statement, the Department of Transportation (DOTr) said the Metro Manila Subway project has already recorded an overall project implementation progress rate of 40% as of January 2024, and is on track to be completed by 2029.

The DOTr recently led a site inspection with the Department of Finance (DOF) and Japan International Cooperation (JICA) to show the project’s progress.

“We have shown to Secretary Ralph Recto the ongoing development and briefing on what the project is all about, and with the support of JICA we are implementing this project on time for completion in 2029,” assured Bautista.

The DOF for its part, said it is working on securing the third tranche of financing for the project worth PHP55.7 billion by March 2024.

The Metro Manila Subway Project is a 33-kilometer railway line consisting of 17 stations, that will connect Valenzuela City to Pasay City, with a separate connection to Ninoy Aquino International Airport (NAIA) Terminal 3. It is expected to cut travel time from Valenzuela to NAIA from 1 hour and 30 minutes to only 35 minutes, and service over 500,000 passengers daily.

ADVANTAGE OF HOME OWNERS AND PROPERTY INVESTORS TO METRO SUBWAY

The prime positioning of the Metro Manila Subway within the National Capital Region presents significant benefits for both residents and real estate investors. It unlocks a vast spectrum of property options encompassing residential, commercial, and industrial sectors within close proximity to its stations. Entrepreneurs stand to gain access to a plethora of untapped opportunities in this dynamic setting, fostering increased investment in the metropolitan area. Moreover, the subway system not only alleviates traffic congestion but also facilitates seamless commutes for employees to their workplaces.

Metro subway stations have a proven track record of increasing property values over time due to several key factors.

Firstly, they enhance accessibility and connectivity, making surrounding areas more desirable for both residents and businesses. This increased convenience often leads to higher demand for properties in close proximity to subway stations.

Secondly, subway stations are typically accompanied by infrastructure improvements and urban development initiatives, such as new parks, roads, and commercial establishments, which further contribute to the appeal of the area.

Additionally, the presence of a subway station signifies government investment and long-term planning, instilling confidence in investors and driving up property values.

Finally, subway stations often serve as catalysts for economic growth, attracting businesses, job opportunities, and cultural amenities to the surrounding neighborhoods, all of which can positively impact property values over time.

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