Twenty-eight private groups yesterday urged the Marcos administration to pursue the privatization of the EDSA Busway system under public-private partnership (PPP).
In a statement, private groups Management Association of the Philippines, American Chamber of Commerce of the Philippines, Philippine Franchise Association among others expressed support to the privatization “conformably with PPP process and under concession terms beneficial to all concerned.”
The groups said they welcome the amendments to the implementing rules and regulations of the amended Build Operate Transfer Law that are investor friendly and are likely to generate bigger private sector involvement in government infrastructure projects.”
According to the Department of Transportation, the Busway System which has been operating for over two years carried an average of 325,000 passengers daily in August 2022, even with only 550 buses committed to its operations, compared to the pre-pandemic level of 3,300 units.
It has reduced in half the end-to-end travel time on EDSA – from Monumento in Caloocan City to the Paranaque
Integrated Terminal Exchange — from three hours to one-and-a-half hours. – Myla Iglesias
