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China Construction Second Engineering to build Makati City Subway in Philippines

Infra News - Published on Tue, 15 Sep 2020

Image Source: China Construction Second Engineering Makati City Subway
Nikkei reported that China Construction Second Engineering Bureau has clinched a USD 1.2 billion deal to build the 8 km Makati City Subway for Manila's premier business district. The contract, which covers the civil, mechanical, electrical and plumbing works for the project, was sealed this week during the 2020 International Fair for Trade in Services, The Belt and Road and Overseas Projects in Beijing. The underground railway is targeted to be completed by 2025.

Tiu said the subway will have an initial length of 8 km and eight stations, but can be expanded. It will run around the city, which is home to the Makati business district, considered Manila's version of the Wall Street. It will be able to accommodate up to 700,000 passengers daily in a city that has a daytime population of around 4 million. The project, which is a joint venture with the Makati city local government, will be partly financed by Chinese investors.

The deal comes as President Rodrigo Duterte's administration recently stressed that the Philippines needs infrastructure investment from China after the US blacklisted Chinese companies for their role in Beijing's reclamation in the disputed South China Sea. Beijing claims nearly the entire vital waterway, including areas that Philippines considers as part of its territory.

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Posted By : Yogender Pancholi on Tue, 15 Sep 2020
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