A South Korean firm is interested in the proposed Light Rail Transit (LRT) system project in Metro Cebu, a Cabinet official has revealed.
Consistent with the Duterte administration’s plan to ramp up infrastructure spending, Socioeconomic Planning Secretary Ernesto Pernia said the government is also expanding transport projects outside of Metro Manila.
“We are going to spend in infrastructure in the regions, away from Manila, to help decongest also the already very crowded urban industrial regions like Calabarzon, Central Luzon, and at the same time bring economic development specially those lagging regions in Visayas and Mindanao,” Pernia, who is also the of National Economic and Development Authority (NEDA) director general, told reporters in a recent chat.
Along with the plan, the NEDA chief said there are a number of projects being considered for Cebu and the Visayas in general. In particular is the proposal to have an LRT in Cebu.
“There is a proponent and it sounds attractive when they are proposing. It was just raised recently. I think it’s a Korean firm. It was raised to the Department of Transportation and also to Cebu authorities,” he said but refused to reveal the company’s name.
Pernia noted the project aims to improve infrastructure in Metro Cebu and further draw investors, workers and businessmen’s concentration away from Metro Manila.