The Public-Private Partnership (PPP) Center and the Department of Transportation (DOTr) commenced the preliminary market sounding activity for the NCR EDSA Busway Project on March 8, 2024, to engage potential stakeholders for the said PPP project.
This activity seeks to provide an overview of the proposed PPP project, gather initial feedback and valuable insights from private sector participants, and identify potential issues or concerns affecting project viability.
Aimed to enhance accessibility, safety, reliability, and shorten travel time for commuters, the NCR EDSA Busway Project is envisioned to cover the EDSA corridor and other major and feeder roads within the region.
The potential scope of responsibility of the private sector partner could encompass financing, design, construction, operations and maintenance of upgraded bus stations and facilities, procurement of bus fleet, operations and maintenance of busway system.
The market sounding activity was attended by approximately 60 private sector participants and five government agencies.
On April 5, 2023, the PPP Center and DOTr signed a technical assistance agreement for the provision of project preparation and transaction advisory services, funded through the Project Development and Monitoring Facility managed by the PPP Center. The feasibility study of the project is targeted to be finished by midyear.
