Direx Solutions was engaged by First Balfour, Inc. (FB) to perform a feasibility study for a transport solution for Iloilo City on Panay Island, one of the Philippines’ major cities with a population of around 500,000.
The two-phase study aimed to verify the financial viability of a sustainable, green, electric bus rapid transit (eBRT) transport solution to be developed on a Public-Private Partnership (PPP) basis.
Direx Solutions performed a review of relevant documents, an overall assessment and summary of key findings, risks and concerns, and a ranking of potentially feasible routes. The Phase 2 work allowed for validation and further refinement of the Phase 1 outputs into a bankable feasibility study.
FB is seeking to incorporate its plans as an enhancement to Iloilo City’s Public Transport Route Plan, whose objectives include improving the convenience and safety of public transportation for the riding public.