More good news! The government has just awarded it’s 9th Public Private Partnership! It may not be as fast as what we all expected it to be but it’s good news nonetheless!
What project got awarded?
The Southwest Terminal of the Integrated Transport System (ITS)!
For those who are not familiar on what this is, here’s a project description directly quoted from the PPP’s official website:
“The Southwest Terminal of the Integrated Transport System (ITS) project will be constructed within a site area of 4.59 hectares. It will connect passengers coming from the Cavite side to other transport systems such as the future LRT Line 1 South Extension, city bus, taxi, and other public utility vehicles that are serving inner Metro Manila. The project will include passenger terminal buildings, arrival and departure bays, public information systems, ticketing and baggage handling facilities, and park-ride facilities.”
This is great news for everyone, as this will ease transportation in the cities surronding Cavite, Manila and Paranque! As what I always mention in this site, projects like this is what’s needed by our country because this is where more and more Filipinos will feel the growth!
For those who are invested in the stock market, This is a 2.5 Billion Pesos Project that MWM Terminals won and Megawide (MWIDE) is part of the MWM Terminals collaboration. Just a quick refresher to everyone, MWIDE also won the Mactan Airport PPP.
Look a the stock’s chart, the stock is sideways and is quite stale. Let’s see what this news does to the stock in the next few days. However on a technical analysis perspective, it must breakout from 9 convincly for the stock to zoom higher!
I’m hoping that the other projects get rolled out soon so that more and more Filipinos get to experience the growth that we are having! Our economy is great and will continue to move forward, my greatest desire is to see moer Filipinos participate in this growth! It’s time we alleviate poverty, make the middle class stronger and turm more consumers into investors! I beleive that the Philippines is moving into greatness!
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