Mayor Abby Binay led the signing in July 2019 of the subway project joint-venture agreement between Makati City and Antonio Tiu’s Philippine Infradev Holdings which partnered with Chinese firms to finance the project.
From an earlier estimate of 3.7 billion dollars, the cost went down to 2.5 billion dollars, due to favorable results of the final soil test and cost savings from the tweaking of the subway alignment.
The subway system will connect key points, such as the central business district on Ayala Avenue, Makati City Hall, Poblacion heritage site, the University of Makati, Ospital ng Makati and new business districts in the city.
Its J-shaped 10-kilometer route will begin at the present site of the Makati Central Fire Station near the intersection of Ayala and Gil Puyat Avenues and will end at the University of Makati at the border of Bonifacio Global City in Taguig.
The six-car trains can ferry up to 700,000 passengers daily.