 |
| PBBM said signing Contract Packages 102 and 103 of the Metro Manila Subway Project (MMSP) would boost economic development as the country recovers from the pandemic. Photo: PND |
MANILA – President Ferdinand R. Marcos Jr. said Thursday that signing Contract Packages 102 and 103 of the Metro Manila Subway Project (MMSP) would spur economic development, especially as the country emerges from the current post-pandemic challenges.
"The signing of these contract packages shows this administration's commitment to pursuing large infrastructure projects that will foster growth and revitalize the economy," President Marcos said during a ceremony in Malacañang.
Addressing government partners, the President expressed confidence that through strong collaboration, the country can move toward building better and more infrastructure projects for the Filipino people.
He stated that the government is committed to maximizing its resources to pursue even more ambitious endeavors that will provide Filipinos with comfort and progress.
Marcos thanked the Japanese government for collaborating with the Philippines on the project through the Japan International Cooperation Agency (JICA), which provided critical financial assistance.
The President also praised the Nishimatsu-DMCI Joint Venture and Sumitomo Mitsui Construction for collaborating closely with the Department of Transportation (DOTr) to complete the contract packages.
Stations and tunnels will be built along Quezon Avenue, East Avenue, Anonas, and Camp Aguinaldo in Quezon City under MMSP Contract Packages 102 and 103.
Once completed, the flagship project will reduce travel time between Quezon City and Pasay City from 1 hour and 30 minutes to just 35 minutes, benefiting more than 500,000 passengers per day from Valenzuela City to Parañaque City.
Millions of jobs and business opportunities are also expected to be created by a fully operational MMSP.
Even before it starts operating, the civil works for Contract Packages 102 and 103 are expected to create thousands of jobs and opportunities for Filipinos.