Construction is 60% complete and expected to finish in the last quarter of 2031, says transportation secretary.
Its impact depends on whether drivers actually switch from private vehicles to the free bus.
The government-run pension fund increased its investment in the listed builder, which is expanding its portfolio of affordable housing, transport hubs, and major rail projects.
Preferred Series E share offer will support work on the North-South Commuter Railway and Metro Manila Subway, alongside other projects.
