Min­danao rail­way project cost pegged at US$9 bil­lion

Manila Bulletin - - Mindanao News - By AN­TO­NIO L. COLINA IV

DAVAO CITY – The 1,500-kilo­me­ter Min­danao Rail­way Sys­tem will cost US$9 bil­lion, Min­danao Devel­op­ment Au­thor­ity (MinDA) said.

MinDA di­rec­tor for in­vest­ment pro­mo­tion and public af­fairs Romero Mon­tene­gro said that their con­sul­tants are cur­rently fi­nal­iz­ing the fea­si­bil­ity study on the rail­way sys­tem that will con­nect key ar­eas of the is­land such as the cities of Ca­gayan de Oro, Ili­gan, Zamboanga, Bu­tuan, Suri­gao, Gen­eral San­tos, and Davao.

He said that some ad­just­ments have been made to the MRS, specif­i­cally on the length of ev­ery phase of devel­op­ment.

The rail­way is planned to have five phases.

He said that the Depart­ment of Trans­porta­tion (DOTr) sug­gested to cre­ate a Min­danao Rail­way Corp., which will serve as the co­or­di­nat­ing body for the rail­way sys­tem.

He said that they are also fi­nal­iz­ing the spec­i­fi­ca­tions of this project, par­tic­u­larly on the mech­a­nism that will be fol­lowed by in­ter­ested bid­ders for the public-pri­vate part­ner­ship (PPP).

He said that some Ja­panese and Chi­nese in­vestors have al­ready ex­pressed the will­ing­ness to bid.

MinDA will un­der­take a work­shop next month to com­plete the list of the pos­si­ble projects that will be funded by the Ja­panese govern­ment through its Ja­panese In­ter­na­tional Co­or­di­nat­ing Agency (JICA).

Davao City Plan­ning and Devel­op­ment Of­fice (DCPO) head Ivan Cortez said that a study by a group of Chi­nese in­vestors on a mono­rail project has yet to take off by March this year

Once pushes through, he said it will help de-clog traf­fic con­ges­tions in ma­jor thor­ough­fares in down­town Davao City.

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