Common rail station agreement reached | Inquirer Business

Common rail station agreement reached

Transportation agency to sign pact with MRT, LRT operators today
/ 12:10 AM January 18, 2017

The Department of Transportation (DOTr) is signing a more definitive deal with big conglomerates today on a “common” railway station that will link three major elevated train lines traveling through Quezon City.

The DOTr said Tuesday that a memorandum of agreement would be sealed with SM Prime Holdings Inc., San Miguel Corp. and Light Rail Manila Corp., operator of the Light Rail Transit (LRT) Line 1 jointly owned by Metro Pacific Investments Corp. and Ayala Corp.

Also joining the signing event are officials from the the Department of Public Works and Highways and the state-run Light Rail Transit Authority.

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DOTr spokesperson Cherie Mercado said the parties were able to proceed with today’s event after the common station’s design was finalized.

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“We have moved forward with the designs. Basically from the past signing, we worked on all parties’ interests with the prime consideration of passengers’ comfort,” Mercado said in a text message.

She said the agreement would likewise recognize commitments made under the previous administration.

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“We’re happy and proud we have managed to get everyone on a platform of ‘level of service’ to passengers,” she added.

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The signing is seen as the next milestone after the stakeholders came together on Sept. 28 last year to broadly agree that a common station would be built on a property between SM City North Edsa and Ayala Land Inc.’s Trinoma shopping mall.

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That September 2016 memorandum of understanding, which was short on details, was nevertheless a welcome development under the current administration.

It followed a multiyear legal quarrel between the Aquino administration-led transportation department and the SM group, which sued for breach of contract.

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Under that plan, a single railway station would serve as a transfer point between the LRT-1, Metro Rail Transit (MRT) Line 3 and the MRT-7, which was expected to be completed by 2020. LRT-1 and MRT-3 already handle close to a million commuters a day.

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TAGS: Business, common railway station, DOTr, economy, News

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