MOA on Davao LRT and Samal Bridge Projects signed

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DAVAO CITY – The Davao Integrated Development Program (DIDP), Mindanao Business Council (MinBC), MCC Capital Inc., a UK-based financial institution, and local government units in the Davao Region have signed a memorandum of agreement (MoA) on the proposed Davao Light Rail Transit (LRT) and the construction of a bridge in Samal.

Merly Cruz, assistant secretary of the Department of Trade and Industry (DTI), reported that the projects were the results of the BIMP-EAGA investment conference held in this city last October.

“After follow through meetings and creation of a task force by the economic development committee of the Regional Development Council (RDC), we needed partners to provide us the resources. And so, this MoA signing formalizes the beginning of these projects,” she said.

Furthermore, Gov. Rodolfo del Rosario, chair of DIDP, said that the provisions of the MoA, which is an overall agreement to initiate projects, include funding by MCC Capital.

In a report prepared by Wendel Avisado, executive director of the DIDP, it was stated that “the LRT system will serve the coastal builtup area of Davao City, as well as neighboring areas in Davao del Sur (Sta. Cruz), and Davao del Norte (Panabo City).”

He said that the project cost was R240 billion in 1997 when it was first proposed. “It is also proposed to be 60 kilometers in length and a BOT (build, operate, transfer) project,” Avisado said.

In a statement, Nicasio Angelo J. Agustin, vice chairman of the Davao regional office of the Regional Development Council (RDC 11), said that “the railway system will be initially established traversing the Tagum City-Carmen-Panabo City-Davao City-Sta. Cruz-Digos City highway. These areas comprise the “linear urban corridor” that serves as the hub of economic activities and social integration in the Davao Region. The cities in the ‘linear urban corridor’ are also among the major ‘growth centers,’ intended to strengthen and enhance existing economic zones and market exchange centers,” he said.

Meanwhile, it was reported the Samal bridge costs R6.48 billion. It is proposed to be 1,200 meters in length with two lanes and to have a vertical clearance of 22 meters.

Agustin said that the Samal bridge is “critical to spur development in the Island Garden City of Samal, and will serve as the link to the other growth centers in Compostela Valley and Davao Oriental through the proposed roll-on/roll-off port facilities.”

On the proposed Davao Railway System, the China Railway Signalling and Communications Corp. (CRSC) has been tapped to construct the system.

It is an AAA credit grade enterprise specializing in railway construction, which corners over 70 percent of the market in nationwide railway system in China with over 50 years of railway construction system. The president of CRSC expressed confidence on the said projects.

“We will do our best to support the project and hope that the meeting can approve friendship between China and the Philippines,” he said.

MCC Capital Inc., through Mohammad Faisal Kasim, CEO, and John Tapp, director and company secretary, is optimistic about the projects. “We believe that MCC Capital can undertake the projects successfully because of the positive factors of growth in the Philippines when it comes to investments and business,” Kasim said. Nevertheless, Kasim added that less bureaucracy is important in doing good business here.

Vicente Lao, chairman of the Mindanao Business Council (MinBC), is also enthusiastic about the development in the projects.

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~ by davaohive101 on December 28, 2007.

14 Responses to “MOA on Davao LRT and Samal Bridge Projects signed”

  1. The govt should focus now the Davao light Railway system, so that tagum city, panabo city, digos city will have soon to have railway
    we the people of davao want it now to have a railway system, and also the bridge to samal island.

  2. LRT in davao will have a very big impact in our income. although a lot of operators of jeepneys are going against this.. the progress of having an LRT system is inevitable, jeepneys won’t lose income, instead it will have more routes that jeepneys nowadays do not cover. the more accesible the city.. the more and better progress we will have in our city…

  3. i bet matagal pa ma.materialize ang LRT and Bridge…it needs extensive feasible studies pa..

  4. Putting up these projects are a big help to boost the City economy and/or Mindanao economy as a whole. I’m very sure the projects are feasible for an urban city like Davao.

  5. Government is subsidizing the MRT/LRT in Manila in a tune of 2 billion a year because passengers could not afford true cost of operations. Is the national government willing to spend another amount for Davao?

  6. uhm….. maghintay lang tayo.. hindi biro ang ganyang projects eh….

  7. Hey Guys! On Oct. 16, 2009, 8:00 PM – Join us in “Tawanan Sa Dakbayan” – featuring Pekto, Ruffa Mae, and Tuesday Vargas @ CAP Building, Anda St., Davao City. Tickets available at Php 500 and Php 1,000. Proceeds will be donated FOR THE BENEFIT OF the Healing Hands Center of Brain-injured Children, Gem Village, Ma-a, Davao City. See you there! For Inquiries contact Jade Pamela Elumbaring at FACEBOOK. Reference: Dexter L. Evangelio

  8. churvaness..hehe, maniguwang na lang ta.. di gihapon ta kita aning tulaya..haha

  9. storyaheee tanawa ang dates sa mga posts gi lumot na

  10. For me, the bridge is much more feasible than the LRT line. Mas dako man sad gyud ug maintenance ang train kaysa tulay. Masumpay naman gud dayon ang IGACOS to Davao City making it a part of Metro Davao just like what is Lapu-Lapu City to Metro Cebu.

  11. maka kta mo ana murag gna padali mana tulaya na kay isunod ang cable car.

  12. hi i hope abner32 is looking at the dates on these posts. it already archived 2007 to 2010 and there is no light at the end of this tunnel. However, abnerz, can you please tell me where you read this info “ginapadali na mana tulaya”. We are all excited to share this info to the poor people of samal.

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