For­eign in­vestors push­ing for city’s mono­rail project

Sun.Star Davao - - TOP STORIES -

FOUR for­eign in­vestors in­ter­ested in set­ting up the mono­rail sys­tem in Davao City are still push­ing for the project, the Davao City In­vest­ments Pro­mo­tions Cen­ter (DCIPC) said.

DCIPC OIC Le­muel Or­to­nio said in Tues­day’s Davao Busi­ness Fo­rum at Dermpath, SM City Davao that the project is still on the ta­ble de­spite the city’s po­si­tion that High Pri­or­ity Bus Sys­tem (HPBS) is the top pri­or­ity.

“So far, none of the for­eign in­vestors (for the mono­rail) backed out although the city al­ready made a clear po­si­tion that

the HPBS is the pri­or­ity,” he said.

Two of the in­vestors are based in China while the oth­ers are from France and Korea.

He added that the Pub­lic Pri­vate Prop­erty (PPP) sec­re­tariat is closely look­ing and study­ing on the pro­pos­als of the in­vestors.

“Just to clar­ify, for the mono­rail sys­tem, it will not be in con­flict with the Min­danao Rail­way Sys­tem,” Or­to­nio said.

One of the in­ter­ested in­vestors is the CRRC Nan­jing Puzhen Co., Ltd, a China-based first-class largescale rail­way equip­ment man­u­fac­tur­ing com­pany. It part­ners with Ma­glev Vi­sion Trans­porta­tion Mfg. Corp.

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