Japan funding eyed for feasibility study of P70B BGC monorail


The feasibility study for a P70-billion monorail project at the Bonifacio Global City may be up for Japanese funding, depending on the outcome of a presentation to the National Economic and Development Authority (Neda) and the Japan International Cooperation Agency (Jica) next month.

Arnel Casanova, president of the Bases Conversion Development Authority (BCDA), said the target was to present the pre-feasibility study next month to Neda and Jica and a decision would be made if funding for the study could come from the Japanese agency.

Economic Planning Secretary Arsenio Balisacan, who is also Neda director general, noted that the preparation of the feasibility study, if it would proceed, need not be tied to the funding source of the project.

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