Manila, Philippines—INFRACORP Development Inc., the infrastructure company of Alliance Global Group Inc., has announced that it’s all set to start the proposed P3-billion, 2-kilometer Skytrain monorail project this year, which will be completed by early 2021.

The project is expected to reduce the travel time from Fort Bonifacio to MRT Guadalupe and vice versa to only five minutes, which benefits around 60,000 to 100,000 commuters daily.

INFRACORP President Kevin Tan lauds the government’s “remarkable” speed in reviewing the proposal. “We laud the government’s [Department of Transportation] quick action to the proposal. This is another clear indication of the government’s serious commitment and focus on infrastructure developments.” The company submitted its unsolicited proposal to the government October last year.

Under the proposed agreement, INFRACORP will build the Skytrain and transfer its ownership title to the government—at no cost to the government.  INFRACORP will have the sole right to operate the Skytrain though.

“We envision to connect Makati to Taguig and vice versa. These two largest business districts in the country need an efficient and fast transport system that’s at par with what the other business districts in cosmopolitan cities like Tokyo and Sydney have,” Tan said.

With the Department of Transportation’s endorsement of the project, the proposal will go through a review by the National Economic Development Authority Board’s Investment Coordination Committee.

INFRACORP is part of the “Superconsortium” that submitted a proposal to rehabilitate and expand the Ninoy Aquino International Airport.