How much is the mrt7 project cost?

MRT-7 Project Cost Escalates to PhP 125.04 Billion

The Department of Transportation (DOTr) recently submitted the revised budget for the Metro Rail Transit Line 7 (MRT-7) project, revealing a significant increase in its overall cost.

Revised Budget

The revised budget for the MRT-7 project now stands at PhP 125.04 billion, up from its original allocation of PhP 69.3 billion. This represents an increase of approximately PhP 55.74 billion or 80%.

Reasons for Increase

According to the DOTr, the budget increase is primarily attributed to the following factors:

• Escalation in construction costs due to inflation and supply chain disruptions
• Additional requirements for safety and security features
• Modifications to the project design and alignment
• Acquisition of additional land for depot and station facilities

Project Overview

The MRT-7 project is a 22.8-kilometer elevated railway line that will connect North Avenue Station in Quezon City to San Jose del Monte, Bulacan. It is expected to serve over 500,000 passengers daily and significantly reduce travel time between Metro Manila and Bulacan.

Project Status

The MRT-7 project is currently under construction and is scheduled for completion in 2025. The DOTr has stated that despite the budget increase, the project remains on track and is progressing within the expected timeline.

Impact on Commuters

The increased project cost is unlikely to have a direct impact on commuters as the fares for the MRT-7 line are set by the government and are not tied to the project budget. However, the project delays or disruptions could potentially affect commuters’ travel plans and increase their transportation costs.

Conclusion

The revised budget for the MRT-7 project highlights the challenges faced by infrastructure projects in the face of economic uncertainty and rising construction costs. Despite the significant increase, the project remains a vital investment in improving the transportation network in Metro Manila and its surrounding areas.