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Fast-track LRT-2 deal post-award process, gov’t urged

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LRT Line 2. PHOTO FROM LRTA.GOV.PH

The government was urged to fast-track the post-awarding process for the contract to operate and maintain Light Rail Transit Line 2, as the original timeline placed the turnover during the term of the next administration.

Posted: October 22nd, 2014 in Editor's Pick,Headlines,Latest Business Stories | Read More »

With funds OKd, gov’t all set to take over MRT-3

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The Department of Transportation and Communications is proceeding with the full takeover of the Metro Rail Transit Line 3 via an estimated P54-billion equity value buy-out plan at the start of 2015, a senior government official said on Thursday.

Posted: October 17th, 2014 in Headlines | Read More »

Proponent reviewing cost of MRT-7 project

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The consortium tapped to build the Metro Rail Transit Line 7 is reviewing the P62.7-billion budget for the proposed railway line, saying earlier cost assumptions might have changed while waiting years for the government to approve certain financial guarantees.

Posted: October 16th, 2014 in Headlines | Read More »

Gov’t finally awards P65B LRT1 contract

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Light Rail Transit (LRT) Line 1. FILE PHOTO

The consortium led by conglomerates Metro Pacific Investments Corp. and Ayala Corp. signed Thursday a concession agreement for a P65-billion public-private partnership (PPP) deal, paving the way for the extension of the Light Rail Transit Line 1 in Metro Manila to Bacoor, Cavite.

Posted: October 3rd, 2014 in Editor's Pick,Headlines | Read More »

DOTC to put off MRT 3 fare hike for now

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Philippine Ratings Services Corp., a debt watcher, has upgraded the rating of the Metro Rail Transit Line 3’s debt.

The Department of Transportation and Communications (DOTC) has decided to put off a fare increase for the busy Metro Rail Transit Line 3 possibly until 2015, determining that services will have to improve first, a government official said on Thursday.

Posted: September 19th, 2014 in Latest Business Stories | Read More »

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