Makati Subway sets P20-M annual UMak engineering scholarship fund
Published Dec 13, 2019 12:00 am
By Jel Santos
Makati City Subway, Inc. (MCSI) has established a P20-million annual fund for an exclusive scholarship and employment program for qualified students, graduates, and teachers from the city-run University of Makati (UMak).
University of Makati (Executive MBA Program of the University of Makati / FACEBOOK / FILE PHOTO / MANILA BULLETIN)
On Thursday, Ren Jinhua, chairman of Philippine Infradev Holdings, Inc., MCSI’s parent company, and Makati City Mayor Abigail Binay, acting UMak presisent, inked a Memorandum of Agreement (MOA) at the Makati City Hall.
Binay said under the terms of the agreement qualified students, graduates, and faculty members of UMak will have the opportunity to study at the College of Civil Engineering of Tongji University in Shanghai, China.
The graduates of the scholarship program shall be given guaranteed employment in management and/or technical positions in the Makati Subway System, she added.
“The City of Makati welcomes this auspicious offshoot of the Makati Subway project that presents a golden opportunity for Makati residents to earn a degree from a premier university for free, and immediately secure a gainful job with the subway itself,” Binay wrote in a statement.
The Tongji University, she said, is a Class A university renowned for its engineering, business, and architecture programs, and its civil engineering department has consistently ranked first in China for decades.
At the ceremony, MCSI also formalized its acceptance of the term sheet from Megaworld Corporation that establishes a joint venture company to develop a common station for the Makati Subway System of MCSI and the proposed Sky Train of Infracorp Development, Inc., a related company of Megaworld.
The Common Station will have access and be connected to the MRT Guadalupe Station and the Pasig River ferry system.
The Makati Subway is the first and most ambitious underground railway project undertaken by a local government unit in the Philippines. Its construction is expected to take 60 months.
It is expected to generate at least 10,000 jobs, which will be made available to Makati residents in the construction and operation of the subway.
Earlier, Binay said job opportunities will be made available to able-bodied Makati senior citizens once the subway begins operations in 2025.
The subway system is eyed to increase work productivity by cutting down the daily commute or travel time of workers. Based on the Japan International Cooperation Agency’s congestion valuations, the country will gain around US$600 million annually in GDP for enhanced productivity.
University of Makati (Executive MBA Program of the University of Makati / FACEBOOK / FILE PHOTO / MANILA BULLETIN)
On Thursday, Ren Jinhua, chairman of Philippine Infradev Holdings, Inc., MCSI’s parent company, and Makati City Mayor Abigail Binay, acting UMak presisent, inked a Memorandum of Agreement (MOA) at the Makati City Hall.
Binay said under the terms of the agreement qualified students, graduates, and faculty members of UMak will have the opportunity to study at the College of Civil Engineering of Tongji University in Shanghai, China.
The graduates of the scholarship program shall be given guaranteed employment in management and/or technical positions in the Makati Subway System, she added.
“The City of Makati welcomes this auspicious offshoot of the Makati Subway project that presents a golden opportunity for Makati residents to earn a degree from a premier university for free, and immediately secure a gainful job with the subway itself,” Binay wrote in a statement.
The Tongji University, she said, is a Class A university renowned for its engineering, business, and architecture programs, and its civil engineering department has consistently ranked first in China for decades.
At the ceremony, MCSI also formalized its acceptance of the term sheet from Megaworld Corporation that establishes a joint venture company to develop a common station for the Makati Subway System of MCSI and the proposed Sky Train of Infracorp Development, Inc., a related company of Megaworld.
The Common Station will have access and be connected to the MRT Guadalupe Station and the Pasig River ferry system.
The Makati Subway is the first and most ambitious underground railway project undertaken by a local government unit in the Philippines. Its construction is expected to take 60 months.
It is expected to generate at least 10,000 jobs, which will be made available to Makati residents in the construction and operation of the subway.
Earlier, Binay said job opportunities will be made available to able-bodied Makati senior citizens once the subway begins operations in 2025.
The subway system is eyed to increase work productivity by cutting down the daily commute or travel time of workers. Based on the Japan International Cooperation Agency’s congestion valuations, the country will gain around US$600 million annually in GDP for enhanced productivity.