Chinese-Filipino businessman Antonio Tiu, through his firm Greenergy Holdings Inc., has officially submitted an unsolicited proposal to develop and operate a modern tram system in the city of Manila.
The project, estimated to cost around P500 million, will be in partnership with foreign companies
According to the Philippine Daily Inquirer, Tiu is seeking a 25–year.concession to operate the tram which will span 12 to 13 kilometers from Port Area to Vito Cruz, Manila.
The tram may be extended all the way to the Ninoy Aquino International airport.
Tiu also leads the consortium which sealed a deal to build a 10-kilometer subway system in Makati City, slated for completion by 2024 or 2025.