SM signs deal to build monorail in Pasay
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Conglomerate SM Group has signed a deal to construct an integrated monorail system in Pasay City.
In a live broadcast of the memorandum of agreement (MOA) signing for the Integrated Pasay Monorail and EDSA-Tramo Flyover Extension Project on Wednesday, Transportation Secretary Arthur Tugade said that SM Prime Holdings made a presentation for the unsolicited proposed project on September 7 together with officials of the Department of Transportation (DOTr) and the city government of Pasay.
Under its proposal, the company is seeking to build a monorail connecting the corner of EDSA and Taft Avenue to Diokno Boulevard as well as extend the EDSA-Tramo Flyover.
The project will be integrated and will be interoperable with several modes of transport, including LRT-1, MRT-3, EDSA Busway, and EDSA Greenways, according to the DOTr.
Tugade said the project is seen to ease traffic choke points along Taft Avenue and Diokno Boulevard.
The Transportation chief said the project is a partnership between the DOTr, city government of Pasay, and SM Prime Holdings.
The MOA signing was led by Tugade and Pasay City Mayor Emi Calixto-Rubiano.
Also present during the ceremony are Pasay City Vice Mayor Noel Del Rosario, DOTr Undersecretary for Finance Giovanni Lopez, Undersecretary for Legal Affairs Reinier Paul Yebra, Undersecretary for Railways Timothy John Batan, SMPHI President Jeffrey Lim, and other representatives from the Pasay LGU, and the private sector. —JST, GMA News