Mga bahay ng may 80,000 pamilya tatamaan sa pagtatayo ng PNR Rail Project

Mahigit 80,000 pamilya apektado ng PNR South at North Rail Projects.

Aminado ang Department of Transportation na libu-libong pamilya ang maaapektuhan ng itatayong PNR North and South Rail Project na sisimulan sa mga susunod na buwan.

Sa pagdinig ng Kamara sinabi ni DOTr Sec. Arthur Tugade, aabot sa humigit kumulang 82,000 ang mga pamilyang matatamaan ng P7 Billion PNR North and South project.

Kasama na sa pondo ang right of way payments para sa mga residenteng maaapektuhan dahil kukunin ang kanilang lupa.

Pero, hindi tulad sa DPWH na ang right of way payment ay may probisyong sinusunod kung saan kailangang magsumite ng requirement bago ma-release ang pondo, ang DOTr ay walang ganito.

Ang nasabing railway system ay dadaan ito sa Manila to Los Baños, Calamba to Batangas, kahabaan ng Quezon, Camarines Norte and Sur, Albay and Sorsogon.

Kinalampag naman ni ACT Teachers Rep. Antonio Tinio ang ahensya na bago maisakatuparan ang mga proyekto ay dapat may tiyak na plano para sa mga maapektuhan nito.

http://radyo.inquirer.net/78780/mga-bahay-ng-may-80000-pamilya-tatamaan-sa-pagtatayo-ng-pnr-rail-project

Cost of US$4.4-B Metro Manila subway may go up: NEDA chief

The US$4.4-billion subway system for Metro Manila, targeted for full completion before President Rodrigo Duterte’s term ends in 2022, may require cost adjustments, said the country’s chief economist.

National Economic and Development Authority (NEDA) chief Ernesto Pernia told reporters the project cost of the Mega Manila Subway is not “totally complete.”

“The cost may increase because the DOTr (Department of Transportation) wants to accelerate the completion from 2024 to 2022 which means that there will be more borers for the tunneling needed, therefore, the cost will go up,” he said.

Pernia said the project cost could probably reach US$6 billion or US$7 billion, but added, “we don’t know the exact number (yet).”

The project’s feasibility study was conducted with the help of a grant from the Japan International Cooperation Agency (JICA).

President Duterte and Japanese Prime Minister Shinzo Abe were set to sign an agreement for the construction of the subway project on the sidelines of the ASEAN Summit in November.

The P227-billion Mega Manila Subway, from Quezon City to Taguig City, is a 25-kilometer underground mass transportation system connecting major business districts and government centers.

It is expected to serve around 370,000 passengers per day in its opening year.

SM Prime eyes 10 new malls in 2018, says exec

HENRY Sy-led property developer SM Prime Holdings, Inc. is planning to add 10 new malls across the country in 2018, exceeding its existing annual target of five to six malls.

“Every year, we’re opening five to six although I think next year it would be more because they’re opening smaller malls next year,” Cora Guidote, SM Investments Corp. (SMIC) senior vice president for Investor Relations and Corporate Communications, told reporters on the sidelines of a forum organized by the Economic Journalists Association of the Philippines (EJAP) on Friday.

“We’re close to about 10 malls next year,” she said.

In addition, the company is expanding some of its existing malls, one of which is its largest, the SM Mall of Asia Complex.

“Mall of Asia complex for instance, something like 407,000 square meter, they’re expanding up to about 630,000 sqm so MOA’s expansion mall equates to one mall already,” Guidote said.

“They’re trying to hit [the expansion]later this year but … maybe by early next year if they won’t meet the target. Also, they’re updating a lot of the facilities,” she added.

SM Prime said it targeted to launch five malls in 2017, some of which were launched, including SM CDO Downtown Premier in Cagayan de Oro, and SM Cherry Antipolo in Rizal.

In September, the company will be launching SM City Puerto Princesa in Palawan.

“In Palawan—I think second week of September,” the official said.

The two others set for opening are SM Center Tuguegarao Downtown in Cagayan, and SM Center Lemery in Batangas.

SM Prime is the listed real estate developer of the Sy family under conglomerate SMIC. ANGELICA BALLESTEROS

http://www.manilatimes.net/sm-prime-eyes-10-new-malls-2018-says-exec/347030/

Cost of Mega Manila Subway to reach $6 billion-$8 billion if built now

THE Mega Manila Subway is expected to cost more than initially expected as the government wants to complete the project by the end of President Duterte’s term, the National Economic and Development Authority (Neda) said.

Socioeconomic Planning Secretary Ernesto M. Pernia said the project may now cost anywhere between $6 billion and $8 billion, from the initial estimate of $4.4 billion.

“The Department of Transportation [DOTr] wants to accelerate the completion from 2024 to 2022,” Pernia recently told reporters. “Therefore, the cost will go up.”

Pernia said the project is still pending at the Neda Board for approval. The feasibility study for the project was conducted with the help of a grant from the Japan International Cooperation Agency.

Earlier, Pernia said the Mega Manila Subway will be included in the list of projects to be discussed in the next Neda Board meeting slated in September.

Pernia said this approval would be in time for the signing of the agreement between the Japanese and Philippine governments in November.

The Neda secretary said Japan Prime Minister Shinzo Abe will be coming to the Philippines in November to attend the Asean meetings.

The Mega Manila Subway is in the list of 75 flagship projects of the Duterte administration. It is estimated the projects will cost at least P1.58 trillion.

Of the 75 projects, only 53 have cost estimates.

http://www.businessmirror.com.ph/cost-of-mega-manila-subway-to-reach-6-billion-8-billion-if-built-now/