Stock Markets

DoTr eyes ‘restructuring’ of Cebu Bus Rapid Transit

DoTr eyes ‘restructuring’ of Cebu Bus Rapid Transit – BusinessWorld Online


      
      
      
      
      








PHILSTAR FILE PHOTO

THE Department of Transportation (DoTr) is looking to coordinate with the new set of government officials in Cebu City to restructure the Cebu Bus Rapid Transit (BRT) Project, as it is nearing closing date, the World Bank said.

In an implementation status and research report, the World Bank said the Cebu BRT Project’s “pace of project implementation has slowed down considerably, notably the major civil works packages are yet to be launched.”

“Considering the age of the project, it may be more appropriate to restructure the project to address the activities that can be completed within the closing date,” it said.

This came as the BRT project will not be able to complete a substantial amount of balance activities within the current closing date, scheduled on Sept. 30, 2026.

“As the new leadership of Cebu Provincial and City Government will take office on July 1, 2025, DoTr plans to consult them as soon as possible and communicate a decision to the Bank on the way forward,” it said.

The BRT seeks to improve urban passenger transport system in the Project Corridor in Cebu City in terms of the quality and level of service, safety, and environmental efficiency. — Aubrey Rose A. Inosante

CEDTyClea





You May Also Like

Finance

Gary Neville is known to most as a football legend – a stalwart of Manchester United and England, a leader on the pitch, and...

Stock Markets

TikTok Shop marked a major milestone with the Summit Pilipinas 2025 on May 19, with the theme “Empowering Growth through Tailored Business Solutions.” Held...

Stock Markets

REUTERS THE Philippines and the European Union (EU) will create a security and defense dialogue, Foreign Affairs Secretary Enrique A. Manalo said on Monday,...

Stock Markets

PRESIDENT Ferdinand R. Marcos, Jr. shakes hands with Chinese President Xi Jinping during a welcome ceremony at the Great Hall of the People in...

Exit mobile version