Published May 18, 2021, 1:02 PM
By Emmie V. Abadilla and Bernie Cahiles-Magkilat
The Department of Transportation (DOTr), in partnership with SM Prime Holdings, Inc. (SMPHI), Tuesday, (May 18) virtually broke ground for the over P120 million EDSA Busway Concourse project.
Actual construction starts next month, with target completion date within ten months, or second quarter of 2022.
Today’s event marks the start of civil works for three concourses to be built at SM Mall of Asia (target completion, December 2021), SM Megamall and SM North EDSA (target completion, May 2022 for both), in spaces which the SM Group donated.
SMPHI invested over P120M for the project, “aspiring to provide convenient, fast and safe commuting experience” for thousands of daily commuters, according to company officials.
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Published May 16, 2021, 12:19 AM
From the twin woes of a health crisis and an extreme economic slowdown, the business and industry sectors are now gearing for a much-awaited economic turnaround that could materialize after the government’s massive immunization against COVID-19 shall have been implemented. Being firmed up in the pipeline are projects on expanded transport and mobility infrastructure, master-planned communities, convention centers, and tourism-oriented businesses.
New-found resolve and energy for economic recovery is evident in Cebu province, specifically Cebu City and adjoining municipalities.
Being built in Cebu is the Cebu Cordova Link Expressway (CCLEX), a P30-billion 8.5-kilometer road project of the Metro Pacific Tollways Corporation (MPTC). The CCLEX includes the third bridge to cross the Mactan Channel that would connect the Cebu metropolis to the outlying towns on Mactan Island. It would enable motorists to steer clear of heavy traffic now being e
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(May 12): Taiwan stocks slid more than 8% on Wednesday and were headed for their worst day in over 26 years as authorities mulled tighter restrictions to tackle a rise in domestic Covid-19 cases, while other Asian equities fell on concerns over higher inflation.
Equities in Taipei tumbled 8.6% and the Taiwan dollar weakened 0.2% as health authorities said they may raise the country s Covid-19 alert level in coming days .
The possible restrictions, which would mean closure of non-essential businesses, came after a cluster of six new cases with no clear infection source was found on Tuesday, an unusual outbreak for the island that has kept a tight lid on community outbreaks.
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