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MRT-LRT common station to be done in 2.5 years – DOTr

MRT-LRT common station to be done in 2.5 years – DOTr

Transportation Secretary Arthur Tugade says the signing of the compromise agreement on the common station is expected before 2016 ends MANILA, Philippines – The construction of the proposed Light Rail Transit (LRT) and Metro Rail Transit (MRT) common station between SM North EDSA and TriNoma malls will be done in two and a half years,... continue reading

NLEx, SCTEx to accept PayMaya, beep by Q1

NLEx, SCTEx to accept PayMaya, beep by Q1

THE Manila North Tollways Corp. (MNTC) on Thursday said both the North Luzon Expressway (NLEx) and the Subic-Clark-Tarlac Expressway (SCTEx) will start accepting payments through PayMaya and contactless payment system “beep” by the first quarter of next year. MNTC is the concessionaire for both the NLEx and the SCTEx projects. It is also one of... continue reading

MNTC to use beep cards at expressways

MNTC to use beep cards at expressways

Manila North Tollways Corp. said Thursday it will roll out the contactless automated fare collection system at North Luzon Expressway and Subic Clark Tarlac Expressway in the first quarter of 2017. “It’s in the works. They are currently installing the system. We are targeting first quarter of next year,” Romulo Quimbo Jr., senior vice president... continue reading

PayMaya, Beep to be allowed soon in NLEX, SCTEX

PayMaya, Beep to be allowed soon in NLEX, SCTEX

The operator of the two toll ways expects these payment options to be available in NLEX by early January, while SCTEX will follow MANILA, Philippines – Motorists passing through the North Luzon Expressway (NLEX) and Subic-Clark-Tarlac Expressway (SCTEX) can use PayMaya and Beep cards for payment by the first quarter of 2017. “The testing is... continue reading

NEDA says investment body could meet in Jan.

NEDA says investment body could meet in Jan.

AFTER the cancellation of an Investment Coordination Committee (ICC) Cabinet Committee meeting set for Dec. 1, the next one could be set for the second week of January with eight projects awaiting approval, according to the National Economic and Development Authority (NEDA). “Maybe second week of January,” Socioeconomic Planning Secretary Ernesto M. Pernia told BusinessWorld... continue reading

Supplemental Bid Bulletin No. 2 – Consultancy Services for the Development of Foreign Investment Framework for PPP

Supplemental Bid Bulletin No. 2 – Consultancy Services for the Development of Foreign Investment Framework for PPP

Supplemental Bid Bulletin No. 2 for the Consultancy Services for the Development of Foreign Investment Framework for PPP

BOI readies new 2-year IPP

BOI readies new 2-year IPP

MANILA, Philippines – The Board of Investments will finalize next week a new investment priorities plan (IPP) which will include the construction of drug rehabilitation facilities, environment and climate change-related projects, and public-private partnership projects to be undertaken by local government units. Trade Secretary and BOI chair Ramon Lopez said the 2017-2019 IPP would be... continue reading

ADB urged to raise infra loan safeguards

ADB urged to raise infra loan safeguards

MANILA, Philippines – The Independent Evaluation Department (IED) of the Asian Development Bank (ADB) is urging the multilateral development institution to raise the standards for environmental and social safeguard systems required of member countries borrowing funds for infrastructure projects. In a new report, the IED said narrowing the wide infrastructure gaps in Asia is vital... continue reading

‘Financing 2018 budget difficult sans tax reforms’

‘Financing 2018 budget difficult sans tax reforms’

Unless Congress acts soon enough, the government will find it difficult to finance the multitrillion-peso 2018 national budget, according to the National Economic and Development Authority (Neda). Socioeconomic Planning Secretary Ernesto M. Pernia recently told reporters the proposed tax-reform measures must include compensatory measures, making it feasible to finance the national budget. The tax-reform measures ... continue reading

LOOK: LRT-1 restores 32 escalators, elevators

LOOK: LRT-1 restores 32 escalators, elevators

MANILA – Thirty-two elevators and escalators in Light Rail Transit (LRT-1) stations have been restored in the middle of the holiday commuting rush, its operator said Wednesday. The conveyances are located in the crowded Doroteo Jose, EDSA, Roosevelt, Balintawak, and Monumento stations, Light Rail Manila said. The restored facilities also include braille buttons for the... continue reading