A unit of Philippine Infradev Holdings Inc. would enter into a joint venture with Megaworld Corp. for a common station for the $3.7-billion Makati Subway System and the proposed Sky Train.
In a regulatory filing, Philippine Infradev said its subsidiary Makati City Subway Inc. (MCSI) accepted on Friday the term sheet from the listed property developer for the station, which is being eyed to connect the Metro Rail Transit 3 (MRT 3) Guadalupe Station and the Pasig River Ferry Service.
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