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THE National Economic and Development Authority board raised the budget for the Cebu Bus Rapid Transit from P16.3 billion to P28.78 billion during its 10th meeting on Friday, Oct. 13, 2023.The board, chaired by President Ferdinand “Bongbong” Marcos Jr., also extended the implementation period until the end of December 2027, and adjusted the loan validity from the French Development Agency and the World Bank to September 2027.The AFD had granted the Philippine Government a loan worth $57.
The DOTr has yet to bid out Package 2, which is composed of the routes from the Capitol to the Cebu IT Park in Barangay Lahug and another route from the CSBT to the SRP.Package 3 will include routes from the Cebu IT Park to Barangay Talamban and the SRP to Talisay City.It also includes a 22.1-kilometer Feeder Line System, which will run over mixed traffic, with two feeder terminals in 76 bus stops across Cebu City and Talisay City.
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