CBRT cost raised to P28.78 billion

The National Economic and Development Authority (Neda) board raised the budget for the Cebu Bus Rapid Transit (CBRT) from P16.3 billion to P28.78 billion during its 10th meeting. The additional P12.4 billion budget will cover the cost of changes in the project plan that now includes mixed traffic sections from Bulacao to Talisay, South Road Properties (SRP) to Talisay, and Cebu IT Park to Talamban. Additionally, there will be an increase in the number of stations and terminals, optimization of routes, and an overall increase in the number of buses.

Related Keywords

Cosme , France General , France , Talisay , City Of Talisay , Philippines , Philippine , Benguet , China , Talisay City , Bulacao , Cebu City , French , Chinese , Barangay Talamban , Collin Rosell , Barangay Lahug , Norvin Imbong , Ferdinand Bongbong Marcos Jr , Bohol Panglao International Airport , Green Economy Programme , Department Of Transportation Dotr , Dialysis Center Project Of The Baguio , World Bank , Department Of Public , European Union , National Economic , National Government , Chinese Construction Group Company Limited Of China , Dialysis Center , World Bank To , French Development Agency , Development Authority Neda , Development Authority , Cebu Bus Rapid Transit , President Ferdinand , Philippine Government , South Road Properties , Cebu City Administrator Collin Rosell , Star Cebu , Cebu South Bus Terminal , Hunan Road , Bridge Construction Group Company Limited , Feeder Line System , Dialysis Center Project , Baguio General Hospital , Medical Center , Bohol Panglao Airport , Infrastructure Preparation , Innovation Facility , Second Additional Financing , Public Works , Infrastructure Flagship Projects , Green Economy , Bataan Cavite Interlink Bridge , Ccbrt , P28 78 Billion , Neda Board , Neda ,