The “most viable and doable solution to the traffic congestion lies outside the metropolis,” Subic Bay Metropolitan Authority chairman Martin Dino said.
He said the project’s indicative cost “is the equivalent of only 34 days of cumulative business losses resulting from Manila’s traffic congestion.” The country is losing an estimated P3 billion a day from the traffic mess.
Construction could be completed in 48 months, he said.
Dino said he would ask for MalacaƱang’s approval to have it included for financing under the Philippine-China Framework of Cooperation.
“Many economic and social forces are now at play and our rapid and efficient response is critical to creating the environment conducive to promoting further growth and development,” Dino said.
“The economic benefits from the project would be immediate and enormous,” he said. (Darwin G. Amojelar, Manila Standard)
http://thestandard.com.ph/business/224433/sbma-proposes-100-km-coastal-road.html
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