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Philippines $3.5 Billion Subway No Longer Feasible, Builder Says.

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  • Additional Information
    • Subject Terms:
      PHILIPPINES; MAKATI (Philippines)
    • Subject Terms:
      PHILIPPINES. Supreme Court
    • Abstract:
      A $3.5 billion subway project in the Philippines' main financial hub has been deemed unfeasible due to a dispute between cities, according to developer Philippine Infradev Holdings Inc. The Philippines' Supreme Court ruled that some of the subway's stations and depot do not belong to Makati City, leading to the project's shelving. Arbitration proceedings have begun to resolve the joint venture agreement with Makati City, with the aim of finding an impartial resolution. [Extracted from the article]
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