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On June 20, 2018, IRC Properties Inc. and its Chinese partners secured an ‘original proponent status’ from the city government of Makati for the proposed $3.7-billion Makati intra-city rail transport system. [86] [87] The subway will cost $3.7 billion (or ₱192 billion) and is expected to accommodate 700,000 passengers daily.
[14] [2] Trump presented an infrastructure plan to Congress in February 2018, with $200 billion in federal funding and projected it would result in $1.5 trillion of investments from the private sector. [15] Democrats opposed this plan because of its emphasis on state and local funding and private investments.
The plan—still used as the basis for planning new metro lines—consisted of a 150-kilometer (93 mi) network of rapid transit lines spanning all major corridors within 20 years. [18] The study integrated two studies in the 1970s which recommended the construction of five heavy rail lines in Metro Manila, and another study in 1977 which was ...
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All values, unless otherwise stated, are in US dollars. The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [ 31] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th ...
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