TODAY'S BUSINESS HEADLINES

Bangko Sentral concedes BOP to end year in the red 21-Nov-14, 7:07 PM | Scarlet Venilia, InterAksyon.com

Ayala's semiconductor unit prices maiden share sale below the ceiling 21-Nov-14, 5:03 PM | Krista Angela M. Montealegre, InterAksyon.com

Bargain hunters push up PH stock index at week's close 21-Nov-14, 4:27 PM | Krista Angela M. Montealegre, InterAksyon.com

Pure Foods acquires maker of La Pacita biscuits 21-Nov-14, 2:11 PM | Krista Angela M. Montealegre, InterAksyon.com

Business confidence for the fourth quarter hits highest in more than three years 21-Nov-14, 11:27 AM | Scarlet Venilia, InterAksyon.com

DOTC seeks bids for location of north, south bus terminals

Bus terminal during Holy Week rush.

InterAksyon.com means BUSINESS

MANILA, Philippines - The Department of Transportation and Communications (DOTC) is seeking proposals for the location of common provincial bus terminals in the north and south of Metro Manila.

In a statement, the DOTC said the possible locations of the proposed Integrated Transport System (ITS) should be an area ranging from three to seven hectares.

The agency is eyeing lots near North Luzon Expressway in the north, as well as properties near the Coastal Road/Macapagal Highway and South Luzon Expressway in the south.

The proposed properties should also be located 300 meters from the nearest train stations of Light Rail Transit, Metro Rail Transit or Philippine National Railways.

Mandated by Executive Order 67, the ITS project is meant to reduce traffic congestion in Metro Manila by removing bus terminals at the heart of the capital.

Citing figures from the Metropolitan Manila Development Authority, DOTC said 13,067 buses ply Metro Manila roads each day, with nearly 60 percent of them provincial buses.

Metro Manila hosts 85 provincial bus terminals, more than half of which are located along EDSA.

The DOTC will accept proposals up to April 16. Interested parties may address their proposals to Undersecretary Rene K. Limcaoco at Unit 169, 16th floor, The Columbia Tower, Barangay Wack-wack, Ortigas Avenue, Mandaluyong.