The Japanese government has provided the Philippines with a fresh P23.19 billion in loans for critical transport infrastructure, including the upgrading of two metro railways and the construction of a higher-capacity airport in Bohol.
The government will provide a guarantee to ensure the profitability of the company that will eventually win the contract to operate and manage the Light Rail Transit (LRT) line 1 system.
Plans are being drawn up to extend the Light Rail Transit (LRT) line further south until Dasmariñas, Cavite, as the government tries to keep up with mass transit requirements in Metro Manila and nearby provinces.
Bidding for the biggest infrastructure project currently in the government’s plate will start next week, Transportation Secretary Mar Roxas said as he welcomed the private sector’s affirmation of support for the Aquino administration’s economic road map.
San Miguel Corp. is keen on bidding for contracts to expand and manage the Light Railway Transit (LRT) Lines 1 and 2 under the public-private partnership (PPP) framework in line with its diversification into the infrastructure business.
Malacañang will fully fund the rehabilitation of three light rail lines after President Aquino approved the disbursement of P6.37 billion for the upgrade, according to Budget Secretary Florencio B. Abad.
The Tewet Group of Germany has completed the integration of the new signaling system for the original Light Rail Transit Line 1 (LRT 1) and the line’s North Extension Project (NEP). The integration helps ensure the safe movement and connection of trains along LRT 1 and the NEP. Tewet’s integration passed the inspection conducted by [...]
