INFRACORP Development, Inc., the infrastructure company of tycoon Andrew Tan’s Alliance Global Group, Inc. (AGI) has announced that it is ready to start the proposed Skytrain monorail project connecting the districts of Taguig and Makati.
The proposed 2-kilometer Skytrain monorail project is ready to start within the year after it was granted the ‘Original Proponent Status’ (OPS) by the Department of Transportation (DOTr). The project costs Php3-billion and will utilize the automated cable-propelled monorail technology, connecting Fort Bonifacio and MRT Guadalupe Makati. Travel time between two destinations is expected to be only 5 minutes, with no cost to the government.
The project will also make provisions to interconnect with other transport hubs operating within the area where the monorail passes through. It envisions to benefit around 60,000 to 100,000 passengers daily going to and from the bustling business districts of Makati and Taguig.
“We can start the project before the year ends and this will take us two years to complete it. By early 2021, we can open the Skytrain to the public,” said INFRACORP President Kevin L. Tan.
With the DOTr’s endorsement of the project, the proposal will go through a review by the National Economic Development Authority (NEDA) Board’s Investment Coordination Committee.