The Department of Transportation (DOTr) is working with engineers and the Asian Development Bank (ADB) for this project.
The cable system may be built on the LRT 2 Santolan Station (Marikina) to the Ortigas business district, the DOTr said.
The government of France allotted P27 million for the study of the project.
"The technology is very, very feasible in terms of relieving congestion and being able to provide high quality transportation service," a consultant for the project said.
The study, which started in August this year, is expected to be completed in December.
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