Quick takes from around the market philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
Philippine Infradev Holdings Inc., the proponent of the Makati Subway System, said on Wednesday the recent Supreme Court decision on the land dispute between Makati and Taguig has resulted in the project becoming “no longer feasible.” The High Court ruling transferred 10 barangays to the jurisdiction of Taguig City including…
BusinessWorld
May 14, 2021 | 7:17 pm
Makati subway scale model BW FILE PHOTO
PHILIPPINE Infradev Holdings, Inc. on Friday received its first tunnel boring machine (TBM) for the Makati subway project, its chief executive officer said.
Philippine Infradev President and Chief Executive Officer Antonio L. Tiu in a tweet on Friday said that the company received the first of five tunnel boring machines for the Makati subway (MkTr) project.
“Our (Infradev Chairman Jin Hua Ren) will accept the TBM in simple ceremonies,” he said.
Construction of the Makati City subway station 5, the main site where tunnel boring machines will be set up, could happen by 2023.
Makati subway builder inks deal for lot acquisition, financing for project’s main station By TED CORDERO, GMA News
Published March 12, 2021 4:46pm Listed Philippine Infradev Holdings Inc., the builder of the Makati City Subway, has secured a deal for the financing and land acquisition for the main station of the underground train system project. In a statement on Friday, Infradev said its wholly-owned subsidiary Makati City Subway Inc. (MCSI) signed a joint venture agreement with Richer Today Inc. (RTI). The company said MCSI formed an unincorporated joint venture with RTI for the “financing, design, construction, development, marketing, and sale of some 5.5 hectares of lots in and around Station 5 of the Makati City Subway Project.”
Construction of Makati subway main site may happen after 2 years bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.