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Fare hike needed for LRT 1 deal to move

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lrt1

Rehabilitating the country’s first light rail system and extending its service to the south of Metro Manila will require a “significant” hike in ticket prices, since banks would only lend money for the project if it is financially viable.

Posted: November 10th, 2014 in Latest Business Stories | Read More »

Common cents

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Our lovable DOTC, the Department of Transportation and Communications, which in the past four years under the Aquino (Part II) administration had yet to do just a single project meaningful to the public, recently got embroiled in another troublesome issue.

Posted: June 12th, 2014 in Columnists,Inquirer Columns | Read More »

DOTC gets P9.35-B premium for LRT-1 extension project

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It was a big payday for the government as the Department of Transportation and Communications got a P9.35-billion “premium” offer from the lone bidder in the Light Rail Transit Line 1 (LRT-1) to Cavite public private partnership (PPP) auction, now on its second bidding round.

Posted: June 6th, 2014 in Headlines | Read More »

Train behind the thrown

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All of a sudden, the erratic Department of Transportation and Communications was changing its plan to build the common station for light rail transits MRT 3 (Edsa line) and LRT 1 (Taft-Rizal-Edsa line) at the mall called SM City North.

Posted: March 11th, 2014 in Columnists,Inquirer Columns | Read More »

PH gets P23-B loan from Japan for LRT, airport

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Foreign Secretary Albert del Rosario file photo

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.

Posted: March 27th, 2013 in Latest Business Stories | Read More »

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