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RAIL & other Key Infrastructure Projects for Greater Manila

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Makati mayor Abby Binay says Makati subway may breakground

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Map: source

Target: by year-end, once a US$3.7Bn Swiss challenge is completed
+ Originated as a PPP proposal from an international consortium
+ IRC Properties, the consortium, was given Originating proponent Status
+ Bids to be submitted by end Sept.2018, and IRC may win by matching best

10 kilometer Urban Rail system will connect:
+ key points in Makati, along Ayala Ave
., Makati City Hall, Poblocion Heritage site,
. Univ.of Makati, Ospital ng Makati, & other new business districts
+ will also connect to MRT, Pasig River ferry, and new Mega-Manila subway
+ Expected to serve 700,000 passengers a day, along 10 stations
+ Air conditioned cars and stations
(per Makati Bulletin, pg 13, Fri.Aug,24)

My own Back of envelope calculations:
$3.7B x 10%= US$370M/ 365 = $1M = P53M day capital costs / 700k= P76 for cap costs only (operating costs also need to be covered)
So journeys likely to cost p100 or more (that's my guess)
To keep costs down, they will have to develop property at stations (per HK)

met3-makati-subway_2018-08-23_20-40-07.j

Map2: source

You can probably make some money, if you know the EXACT locations of future stations. This should be good for Rockwell and Burgos, as well as "upper BGC" since these areas are not now well connected

 

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Another map

makati-subway.jpg

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BGC Uptown "Transport Hub" : This article has an interesting Footnote

Megaworld to build 25-storey tower for JPMorgan Chase Bank

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EXCERPT

"Megaworld, the Philippines’ largest developer and lessor of office spaces, is constructing a 25-storey, build-to-suit office building for the Philippine Global Service Center of JPMorgan Chase Bank, N.A., the leading global banking and financial services provider.

Offering an estimated 70,000 square meters of gross leasable area, it is the country’s biggest single office lease transaction in terms of total space leased to a single company and transaction value.

“Megaworld is proud to build the new home of JPMorgan Chase in Fort Bonifacio as it consolidates its existing Metro Manila operations under one roof – all in a state-of-the-art, prime and green office tower right at the heart of the booming Uptown Bonifacio. This multibillion peso deal with a single company is the biggest in the country’s office leasing industry,” says Jericho P. Go, senior vice president, Megaworld."

" The new development, strategically located along 38th Street corner 9th Avenue in Uptown Bonifacio, is a few meters away from the future Uptown Transport Hub beside Kalayaan Avenue, the proposed Skytrain monorail system that connects Taguig’s Fort Bonifacio to Makati, as well as the future Kalayaan Station of the Mega Manila Subway and the Fort Bonifacio Bus Rapid Transit System. "

> more: https://www.megaworldcorp.com/megaworld-build-25-storey-tower-jpmorgan-chase-banks-philippine-global-service-center

 

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“Golden Age of Infrastructure” in the Philippines

- Budget Secretary Benjamin Diokno

DUTERTENOMICS: “Build, build, build program”
• Manila Subway (P227 billion) • Mindanao Railway (P31.5 billion)

• NLEX-SLEX Connector Road (P23.30 billion)

• BGC to Ortigas Road Link Project (P4 billion)

• Philippine National Railways North 1 (P105.3 billion)

• Philippine National Railways North 2 (P150 billion)

• Philippine National Railways South Commuter (P134 billion)

• PNR South Long Haul (P151 billion)

• Subic-Clark Cargo Railway Project (P32.5 billion)

• Unified common station (P2.8 billion)

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THREE FOLD PRICE RISE?

Properties near subway project to Triple Prices

- article in today's Manila Times, pg B2

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PROPERTY prices in areas along the planned Mega Manila subway project are seen to double or even triple

as developments will be more attractive to buyers due to better accessibility, according to global property firm

+ Residential land properties may double within 1 km of 13 stations

+ Commercial property may increase three-fold, from start of construction to full operation

subway-20170906_1.jpg

Best areas predicted by Colliers to be:

1. Parts of Quezon City, which has 7 of the 13 stations, esp. near the connection of MRT, LRT

2. North Avenue area, and Quirino and Tandang Sora for residential and hotel projects

3. Anonas Street in Project 4 for low and mid rise Condos. (Katipunan has less appeal, 'cuz of limited land)

4. Ortigas North and South Stations, good for high rise offices and condos, thanks to Ortigas Center

5. Kalayaan and BGC for dormitories

6. Government owned properties near Cayetano Avenue, for office, condos, and retail

7. ARCA South to be new major CBD

Big firms should consider their own infrastructure projects near stations, and new redevelopment

> from Colliers Report, just released

 

 

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Big Project, with a Big Cost

Gov't bumps up cost of North-South Railway

NEDA's committee has approved a Higher cost for NSCR, North-South Commuter Rail system.

Huge NSCR Project connects:
+ Malolos-Tutuban rail (NSCR phase-1)
+ PNR South Commuter Railway (Solis-Calamba)
+ Malolos-Clark Railway Project (MCRP)
When connected will provide,  147 km elevated double-track seamless connection
from Clark Int'l airport to Calamba with 36 station. The system will also link
with existing railways: LRT-1, LRT-2, and MRT-3, as well as the upcoming Metro
Manila Subway (Mega-Manila?)

Cost is now put at P777.55 billion (/53=US$14.7 bn.), up XX% from 440.88 Bn.
It would be funded through loans from Japan (JICA) and the ADB.
The reasons for the big jump in estimated costs:
+ Shift to elevated viaducts, instead of at-grade, to improve operational efficiency
+ standard gauge rather than narrow gauge
+ increase in the number of trains and change from single to double tracks
Re-settlement costs are also now included

> https://www.philstar.com/business/2018/11/11/1867495/government-bumps-cost-north-south-railway

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PNR got a new Lease on Life, thanks to these Big plans

Philippine National Railways
« on: September 12, 2018, 09:38:17 AM »
 
malolos-tutuban.jpg

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RAIL, The Big Picture - in Greater Manila and beyond

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> source-wiki

A Possible Future map

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NAME CHANGE in MAKATI: Buendia > Dela Rosa Station

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Dela Rosa Station, Makati  is a station on the South Main Line ("Southrail") of the Philippine National Railways. Like all PNR stations, this station is at grade. The station is located at the corner of Dela Rosa Street and the South Luzon Expressway in Makati.

Dela Rosa is the ninth station from Tutuban and is one of three stations serving Makati, the other two being Pasay Road and EDSA.

Dela Rosa station is the replacement of Buendia station, which was closed on September 7, 2017.

On August 1, 2018, Dela Rosa station became part of newly opened Caloocan shuttle line until September 10 when the line was extended to FTI railway station as the new terminus of the said line

. . . "THE Philippine National Railways (PNR) will be sending trains to ply the Caloocan-Dela Rosa route once again, decades after it was closed in the late 1990s due to the Northrail project.

The Department of Transportation (DoTr), in a statement on Monday, said the train line will start running on Aug. 1, Wednesday."

“. .  However, the project was defunct, it was not resurrected, until we were able to scrounge extra track material and parts. We resurrected the line in June 2018,” he added.

Mr. Magno said the Caloocan line will be used to cater to passengers from Makati and Caloocan while waiting for the new Tutuban-Malolos railway project, also called the North-South Commuter Railway (NSCR) or PNR North 1.

> article

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PNR to rebuild, upgrade railway system in Q4 2018

May 17, 2017

FOR higher speeds and broader supplier options, the Philippine National Railways will reconstruct its existing railway system starting in the fourth quarter of 2018, a Department of Transportation official said.

“The current railway gauge we have is narrow. It limits our speed to 180 kph, while the standard gauge can go as far as 300 kph,” Transportation Assistant Secretary Timothy John Batan told The Manila Times on Monday, on the sidelines of the Asean Multi-sectoral Forum in Valenzuela.

The reconstruction does not necessarily mean the PNR aims to attain 300 kph overnight, but it is “preparing at least for the future, if the government can already afford it,” Batan said.

Maintaining a narrow gauge limits supplier options which the government is trying to address. “Almost 60 percent of the world is already using a standard gauge,” Batan said.

The transport sector is now discussing how to reconstruct the existing railway system without halting train operations, the Transportation official said.

“That is an ongoing discussion. There is a way to construct the new system without having to stop the current operations,” Batan said.

> MORE: https://www.manilatimes.net/pnr-rebuild-upgrade-railway-system-q4-2018/327624/

/ 2 /

Station layout

All PNR stations were and are presently at-grade, with most stations using a side platform layout. Most have only basic amenities, platforms and ticket booths. Rehabilitated stations along the Metro Manila line have been fitted with ramps for passengers using wheelchairs. Several stations have extended platforms, having an upper platform catering to DMU services, and a lower platform for regular locomotive-hauled services.

As of August 2017, most of the stations are being extended and equipped with platform-length roofing, better ticketing office, and restrooms.

Future railway systems under the PNR, such as that of the new Northrail line, proposes elevated stations and platforms similar to the LRT-1 and 2, and the MRT-3 and 7 in select sections.

> wiki : https://en.wikipedia.org/wiki/Philippine_National_Railways

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MAP OF THE FUTURE?

The imagined (& partly fantasized?) future of Greater Manila's rail system

manila-v3.jpg

> Larger image

What Will Metro Manila's Railway Network Look Like, With All These Planned Projects?

A SkyscraperCity.com forum user imagines the planned railways with the existing ones.

A SkyscraperCity.com forum user named OctaviusIII compiled them and mapped out the network of existing, underway, and planned railways and BRT lines. Apart from the LRT-1, LRT-2, MRT-3, and PNR that we already know, this includes:

LRT-1 Extension from the existing Baclaran station to Bacoor, Cavite, which starts mid-2018 with a target completion of 2021

LRT-2 East and West Extensions; from the existing Santolan station to Masinag, Antipolo, and from the existing Recto station to Pier 4 of the Manila North Harbor; with a target completion by the first quarter of 2019 for the East extension.

LRT-4 which runs from Taytay, Rizal to the Ortigas Business District, with an initial target completion of June 2021. But that target (and those station assignments) were set and planned when the project was still under the Public Private Partnership (PPP) program, and was contingent on a four-year construction period from 2017. Last we've heard, proposals for the LRT-4 project were being prepared by local businessman Salvador B. Zamora III, along with Chinese firms in the fourth quarter of 2017.

MRT-5, or the Metro Manila Subway, 

... which runs from Mindanao Avenue in Quezon City to the Ninoy Aquino International Airport, with a target completion for the first three stations set for May 2022. Not indicated in the map are the envisioned extensions to Bulacan in the north and Cavite in the south, which were mentioned by Finance Secretary Carlos Dominguez III.

LRT-6, which runs from the tip of the LRT-1 extention in Bacoor to Dasmariñas, Cavite. Last we've heard, the prequalification process for the project was delayed in 2016. It was originally planned to start construction in 2016 and begin operations in 2021.

MRT-7, which runs from San Jose del Monte in Bulacan to the Unified Grand Central Station in North Avenue, Quezon City. Construction of the MRT-7 is now underway. The project broke ground in 2016 and is expected to be completed by 2019.

PNR Northrail, which runs from Tutuban to Clark. The first phase of this project, which covers stations from Tutuban to Malolos, Bulacan, broke ground in January 2018 and is expected to be fully operational by 2021.

Users in the Skyscraper City forum have pointed out some stations are misplaced on the map, and that there are some misspelled station names. Nevertheless, to see all the lines together gives a more concrete sense of what we could have in the years to come.

> https://www.esquiremag.ph/culture/lifestyle/public-transportation-network-manila-a00203-20180405

 

REOPENED recently, Caloocan* > Makati

Six trains with a total capacity of 700 to 800 passengers were deployed to accommodate an expected 10,000 commuters.

Tugade added the project does not only provide service to commuters but also gives extra income for the government.

With a running time of 37 minutes, the DOTr claims the newly reopened line is the fastest and most cost-efficient means of transportation from Caloocan to Makati.

PNR-10.jpg

The 13-kilometer route stops at the 10th Avenue (Macario Asistio), 5th Avenue, Solis, Blumentritt, España, Sta. Mesa, and Dela Rosa stations.

Read more at https://www.philstar.com/nation/2018/08/01/1838956/photos-after-20-years-pnr-reopens-caloocan-makati-line#6GReyDcCc7Ffb8Du.99

CALOOCAN : As of 2015, the city has a population of 1,583,978 people, which makes it the fourth largest city in the Philippines in population.[3] Under the same census year, Caloocan South (Barangays 1 to 164) has a population of 585,091 and Caloocan North (Barangays 165 to 188) has a population of 998,887.

The population density of Caloocan (28,387 persons per square kilometer) surpasses that of the NCR population density.

Transportation

The LRT-1 has a terminal at Monumento that passes through the city's 5th Avenue LRT Station. The railway traverses Rizal Avenue Extension and enters the City of Manila and Pasay City. The stretch can be traveled in about 30 minutes. Philippine National Railways also has a line, with its terminal at Samson Road, and passes through Caloocan railway station, Asistio Avenue railway station, and C-3 railway station. The currently under construction MRT-7 had also proposed two stations located at the northern part of Caloocan that will be passing at Sacred Heart MRT Station and Tala MRT Station.

> wiki: https://en.wikipedia.org/wiki/Caloocan

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ENHANCING the Transport Infrastructure of Makati & BGC

According to a Megaworld email, here is what is planned

Golden Age of Infrastructure

Aiming to be the most modern city in the Philippines, Philippine government is making great infrastructure to make Fort Bonifacio more accessible and to bring convenience on traffic within the next years to 2025.

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Megaworld focuses mainly on the infrastructure that will connect Bonifacio Global City, Mckinley Hill and Mckinley West as one Fort Bonifacio.
As MEG sees it, Bonifacio Global City is a financial district in Fort Bonifacio where iconic developments and the center of Fort.
Mckinley Hill is the most complete community in Fort Bonifacio with residences, offices, embassies, international schools and a world-class mall.
Mckinley West is the most exclusive community of Fort Bonifacio beside Forbes Park, Manila Polo Club, Manila Golf Country Club. It is very near Dasmarinas Village and NAIA International Airport. Megaworld aims to develop it as the second Uptown Bonifacio.

(MEG herein ignores the proposed subway running through Makati, and connecting it to BGC.)

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China Railway unit tapped to build $3.7B Makati city subway

Targeted to open by 2025, will connect Ayala Ave, Makati to BGC (Ospital ng Makati)

700,000 passengers per day is estimated

Philippine Infradev Holdings Inc. has tapped a unit of state-owned China Railway Construction Corp. (CRCC), one of the world’s largest construction and engineering companies, to build its $3.7-billion Makati subway system project.

In a disclosure to the Philippine Stock Exchange yesterday, Phil.Infradev said CRCC’s wholly owned China Civil Engineering Construction Corp. (CCECC) had proposed to invest $300 million to $350 million in the local company or its subsidiary and undertake the engineering, procurement and construction works for the Makati subway project.

Led by businessman Antonio Tiu, Phil.Infradev aims to construct an intracity subway spanning 11 kilometers with eight to 10 stations that will connect key points in Makati’s two districts at no cost to the city government.

Under the MoA, CCECC has to provide completion performance guarantee for the Makati subway project, subject to the completion of a financial, legal and technical due diligence.

> https://business.inquirer.net/264090/china-firm-tapped-to-build-3-7-b-makati-subway-system

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MORE Investment in the Makati City subway project /

Philippine Interdev Holdings ... 5yr : 2yr : 1yr ;

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Shanghai Mintu Investment Holding Co ... (cannot find a stock symbol)

Kwan On Holdings Ltd / HKG: 1559 ... 5yr : 2yr : 1yr : / hmm, may be looking for a future

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===

Another Chinese firm to invest $100M for Makati subway

Ni Xiaohong, Chairman on the board of Shanghai Mintu Investment Holding Co. said the Ministry of Commerce has given the company the green light
to invest in the ambitious project undertaken by publicly-listed Philippine Interdev Holdings (formerly IRC Properties Inc.)
He said the company with an asset base of about 5 billion yuan, is the first private co. given the green light by the MofC to invest overseas.
The chairman said his company is interested in investing in major infrastructure projects in the Philippines

Shanghai Mintu ventured into shipbuilding in 2001, and was listed on the Singapore stock exchange in 2003.  It is also active in mining and finance.

It has executed a binding memorandum of agreement with China Civil Engineering Construction Corp (CCECC).
The wholly owned sub of China Railway Construction Corp (CRCC) has committed to invest between $300-350 million in connection with the
Makati City subway public private partnership project

/ 2 /

 
Iris Gonzales (The Philippine Star) - June 21, 2018

The proposed transport system will complement the mass transport projects of the national government as it would be interconnected to the MRT, the proposed Metro Manila Mega Subway and the Pasig River ferry.

IRC recently applied for an increase its authorized capital to P10.5 billion from P1.5 billion.

Several companies have already indicated their intention to be part of the IRC consortium.
These are Greenland Holdings Group, Jiangsu Provincial Construction Group Co. Ltd., Kwan On Holdings Ltd., and China Harbour Engineering Co. Ltd. Greenland is a publicly-listed real estate firm and part of the Shanghai Stock blue chip index while the Jiangsu Provincial Construction Group is a construction company founded in 1956 and is one of the pioneers in China’s construction and installation industry.
Kwan On Holdings Ltd., on the other hand, is listed in the Hong Kong Stock Exchange,  while Shanghai MinTu Investment Holdings is a Shanghai based integrated investment holding group focusing on infrastructure, mass transportation, and financial services.

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MANILA, Philippines — The completion of Metro Manila’s first subway could trigger a surge in property prices in the Philippine capital, with Quezon City seen benefitting the most from the project over the near to medium term, according to real estate consultancy services firm Colliers International Philippines.

Construction on the 30-km Manila subway officially began Wednesday, February 27, with the big-ticket project seen to ease the capital’s infamous traffic gridlock. The underground rail line will have 15 stations and is expected to be completed in 2025.

Meanwhile, a partial operation of the first three stations is set in 2022. Designed to run at 80 kilometers per hour, the subway will reduce travel time from Mindanao Avenue in Quezon City to Ninoy Aquino International Airport — the country’s premier gateway — to about 30 minutes.

In a commentary, Colliers said the subway should help provide access to properties that could be redeveloped into mixed commercial, residential, hotel and institutional projects.

Colliers also sees the project raising the prices of land and properties within a kilometer from the subway’s stations, adding that private developers should take advantage of the government’s infrastructure push.

“Colliers believes that working with the national government for the development of commercial and residential buildings around the stations of the Manila Subway is a practical route for property developers given the lack of developable land in the country’s capital,” the consultancy firm said.

“In our opinion, this option is something that the government should seriously consider given its goal of raising additional revenues to fund its massive social and infrastructure programs, especially now that the remaining tax reform measures have yet to be passed in Congress,” it added.

“This way, the government gets additional revenues crucial for its ‘Build, Build, Build’ program and spurs more business activities in the newly-established business districts, which should eventually generate more jobs and tax revenues.”

 

. . .  In the same commentary, Colliers said Quezon City could gain from the planned subway as seven of the 14 stations would be developed within the city.

“With improving connectivity given the construction of Manila Subway, MRT-7 and the common LRT-MRT station, we see Quezon City becoming more attractive for mixed-use projects that feature office, residential, and retail projects,” Colliers said.

“Among the stations well suited for townships is North Avenue given its interconnection with other mass transportation systems,” it added.

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