DOTC, MWM Terminals ink deal for P3.3B Paranaque transpo hub
MANILA, Philippines – The Department of Transportation and Communications (DOTC) and MWM Terminals, led by Megawide Construction Corp., signed yesterday the concession agreement for the proposed P3.27-billion transportation hub in Parañaque City.
Transportation Secretary Joseph Emilio Abaya said the signing of the concession agreement would pave the way for the start of the construction of the Integrated Transport System – Southwest Terminal in Parañaque City.
This is the first Public Private Partnership (PPP) project awarded by the government this year. MWM Terminals is a partnership between Megawide and WM Property Management Inc.
DOTC spokesperson Michael Arthur Sagcal said MWM Terminals has to start construction eight months from the signing of the agreement and should be completed within a period of 18 months or until June 2017.
MWM Terminals representative Louie Ferrer said the terminal would accommodate provincial and metro buses as well as other public utility vehicles.
Ferrer said the mixed-use development would also feature a mall and office spaces for the convenience of passengers.
“We are proud to once again partner with DOTC on such a landmark project. With the Southwest Terminal, we are able to facilitate the faster and more efficient flow of traffic carrying people and goods to and from Metro Manila. It will benefit thousands of commuters daily. Our infrastructure is finally catching up to our growing economy,” Ferrer said.
According to Ferrer, the company visited a number of intermodal transport systems in foreign countries including Melbourne, Australia. “We were inspired by the advancements they have made in terms of facility and operation. We are hopeful that we can apply the same forward-thinking processes in our country,” he said.
The proposed terminal in Paranaque City would connect passengers coming from Cavite to other urban transport systems such as the future Light Rail Transit Line 1 (LRT) South Extension to Bacoor in Cavite, city bus, taxi, and other public utility vehicles plying Metro Manila.