Last January, it was reported that City Planning and Development Office (CPDO) of Davao City turned down South Korean’s Davao monorail project proposal.
Ivan Cortez, head of CPDO, said the plan did not push through because the Koreans asked for a counterpart investment from the city.
“We told them that we cannot forward their project to the national government because it required government subsidy but (as per government policy) every unsolicited proposal should be at no cost for the city,” he said.
Korean Engineering Company (KEC) from South Korea had earlier proposed to tie up with the city for a monorail project. The Davao monorail project is different from the proposed Mindanao Railway System that would connect the major cities of the island such as Cagayan de Oro, Iligan, Zamboanga, Butuan, Surigao, General Santos, and Davao.
However, Mr. Cortez said in an interview that the office received an inquiry from a Chinese investor who signified interest in linking up with a local developer to push the monorail project.
“They want to know which route is more viable and the number of coaches or passenger carriage to put up whether it will sustainable to put up monorail with a capacity of 20,000 per travel. Through the study, they will determine how much will be invested initially and the operational capacity,” he said.