MANILA -- Infracorp Development Inc., the infrastructure subsidiary of tycoon Andrew Tan’s Alliance Global Group Inc (AGI), targets to begin construction of its proposed Makati-Taguig skytrain monorail by fourth quarter of 2019.

Infracorp President Kevin Tan said the company is now finalizing the concession agreement for the two-kilometer monorail project, along with the proposed rehabilitation of the Ninoy Aquino International Airport (NAIA).

“If that happens, we will be able to start with NAIA (project) by third quarter and the skytrain by fourth quarter next year,” he told reporters Monday night.

Infracorp is also part of the consortium of seven largest conglomerates which offered to rehabilitate the country’s main gateway.

The first proposed PHP3.5-billion monorail project aims to reduce travel time from Fort Bonifacio to Metro Rapid Transit (MRT) Guadalupe, Makati and vice versa to only five minutes --at no cost to the government. It aims to service some 100,000 passengers daily.

The Department of Transportation (DOTr) last May granted the original proponent status for the skytrain monorail project.

Tan further bared that the infrastructure firm is also looking into possibility of constructing another monorail project linking Santolan MRT-3 to Eastwood City.

“That is still being studied right now. We have just been talking, but have not submitted anything at all formally,” he added. (PNA)