Essayer OR - Gratuit
Makati to get control of subway project - Abby
The Philippine Star
|July 07, 2025
Full control of the Makati subway project is set to be transferred to the city government, former mayor Abby Binay said over the weekend.
Resolution of proceedings with the Singapore International Arbitration Center (SIAC) will grant the city of Makati ownership of Makati City Subway Inc. (MCSI), with a net value of $1.6 billion, free of liabilities and including land assets.
About $160 million will be paid by Makati to its public-private partner for actual investment made on the subway project, as determined by independent auditing firm Pricewaterhouse Coopers.
"It's a win for Makati," Binay said. "It will end years of legal uncertainty and positions Makati to drive the subway project forward on its own terms."
Cette histoire est tirée de l'édition July 07, 2025 de The Philippine Star.
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