Consortium Undertakes Mass Transit System
A P5-billion mass transit system along the congested EDSA may soon be undertaken.
A consortium led by Francis Yuseco, CEO of Trackway Consortium, submitted its unsolicited proposal to the Department of Transportation (DOTr)’s planning team for the construction of the EDSA Rapid Trackway under a build, operate, and transfer scheme.
“Rest assured that our consortium has the financial, technical and operational capabilities to provide our people a world-class mass transit system equipped with the latest cutting-edge software and hardware technologies that we can all be proud of,” Yuseco said, who added that the proposal is financed with 70 per cent local debt and 30 per cent equity.
“Once we are awarded the original proponent status, our proposal will be subject to Swiss challenge, but the challenger needs to confront first our Intellectual Property Rights protection under RA 8293, the Intellectual Property Code, and RA 7459, the Invention and Inventors Incentives Act of the Philippines,” Yuseco said.
Some of the features of this new transport system include the construction of 35 fully air-conditioned Sky Stations that come with elevators and escalators, wireless fibre optics, waiting lounges, hygienic comfort rooms, coffee shops; an initial fleet of 250 air-conditioned double-decker buses which will have their own separate cubicles per passenger; stations that have shuttle electric mini-buses in subdivisions and villages around Makati, Mandaluyong, Quezon City, Sana Juan, and Paranaque, and up to Alabang.
In addition, this system will also have an integrated cashless ticketing process for its main trackway along EDSA. Included in the proposal are various shuttle services.
When the project is finished, it is expected that more than one million passengers a day will be transported across various villages and central business districts in Metro Manila.
“Commuters will be able to ascend and descend to and from weather protected Sky Stations safely and conveniently and private car owners will be encouraged to patronize its world-class facilities. Major decongestion along EDSA will come, as a matter, of course,” the consortiums said. “Most of all, the consortium will be able to free the Philippine government from more unnecessary foreign loans which are subject to foreign currency risks. Similarly, the consortium will also not require any form of fare subsidies or sovereign guarantees whatsoever,” it said.
The Trackway consortium is composed of the following: Yuseco’s Philtrak Inc., Land Excel Consulting Co, Leechiu Property Consultants, smart and cashless toll collection system firm Micrologics Systems Inc., bus manufacturer Del Monte Motor Works, bus operator DLTB, FEMP Safety Engineers, AirSpeed International Freight Forwarders, and BAC Engineering Services.