The Department of Transportation (DOTr) is calling on the private sector to partner with government in bankrolling transit-oriented infrastructure projects due to the massive funding these require.
DOTr Secretary Jaime Bautista said the agency is following the principle of transit-oriented development (TOD) by putting up necessary transport infrastructure which will create compact, walkable, pedestrian-oriented, mixed-use communities centered around train systems and other public transport hubs.
Bautista said by capitalizing on TOD infrastructure, Filipinos will break the cycle of car dependency and patronize public transportation to alleviate traffic in the metropolis and other high-density areas.
“We are pushing this multi-sectoral approach to urban development through our transport projects,” said Bautista said during the Asia Real Estate Forum 2023.
The transport chief likewise called on the private sector to partner with the DOTr to bankroll such investable projects.
“These projects require massive funding. We have turned to the private sector for investment collaboration. On many occasions, the keen interest displayed by private investors in our projects manifests their financial viability while remaining primarily public service initiatives,” he said.
TOD will create walkable and efficient transportation. The concept will also reduce high energy consumption and help in the fight against climate change, creating a ripple effect among other sectors and Filipinos even at the bottom of the economic ladder.
“We have to subscribe to TOD’s concept of creating walkable communities that reduce the need for driving and high energy consumption. By aligning our projects to the TOD principle, we aspire to make a positive change to the lives of Filipinos through our transport projects,” Bautista said.
In a related development, the entire MRT-3 line is on heightened alert status in preparation for the opening of classes on August 29.
Bautista tasked MRT-3 management to make sure the line’s trip is safe, orderly, and convenient during the upcoming opening of classes.
MRT-3 started the “Oplan Biyaheng Ayos: Balik Eskwela 2023” on August 22 and will run until September 1.
There are 18 train sets running on the main line during peak hours and three to four spare trains.
