NAIA dev’t, LRT-4 project endorsed to NEDA Board
The National Economic and Development Authority (NEDA)-Investment Coordination Committee (ICC) on Tuesday approved for endorsement to the NEDA Board two key infrastructure projects under the government’s public-private partnership (PPP) program.
The NEDA-ICC approved the P74.56 billion Ninoy Aquino International Airport (NAIA) Development Project and the P50.15 billion LRT Line 4 project of the Department of Transportation and Communications (DOTC).
The NAIA Development project will transform the Philippines’ main gateway into a world-class modern airport facility.
The private partner will be responsible in upgrading the existing NAIA terminals and further development to increase airports’ capacity. It will also handle the operations and maintenance covering both landside and airside aspects, except air traffic services, to increase operational efficiency and improve quality of services.
The LRT Line 4 project involves the financing, design, construction, operation and maintenance of an 11-kilometer rail that will run west from SM City Taytay to the intersection of Ortigas Avenue and EDSA.
The project covers the provision of railway infrastructure, stations, depots, rolling stock, signaling, electrification and communication, automated fare collection system, and other necessary machinery and equipment.
The LRT 4 PPP will address congestion along the Ortigas Avenue corridor and improve local transportation to western parts of Metro Manila. The proposed alignment covers six stations: Ortigas Ave. (Robinsons Galleria), transfer station with the MRT; Meralco Avenue; Rosario, Pasig; Bonifacio Avenue; Taytay Diversion Rd.; and North Manila Rd. (SM Taytay).
To date, the government has awarded 10 PPP projects costing around P189 billion. These include: Cavite-Laguna Expressway (Calax), Southwest Terminal of the Integrated Transport System, LRT Line 1 Cavite Extension, Mactan-Cebu International Airport Passenger Terminal Building, Automatic Fare Collection System, Modernization of the Philippine Orthopedic Center, PPP for School Infrastructure Project Phase I and II, NAIA Expressway Phase II Project, and Daang Hari-SLEX Link Road.