MRT-7 construction on track
MANILA, Philippine – The construction of the $1.6-billion Metro Railway Transit Line 7 (MRT-7) linking North Edsa to Bulacan is set to begin as its proponent, the San Miguel group, has awarded the contract to build the elevated railway to a consortium led by Marubeni-DMCI.
In a disclosure to the Philippine Stock Exchange Tuesday, DMCI Holdings announced that the Marubeni-DMCI consortium—an unincorporated joint venture between itself and Japanese trading giant Marubeni Corp.—had signed the contract for the MRT-7 project.
The engineering, procurement and construction contract was signed with Universal LRT Corp. Ltd., a corporation controlled by San Miguel Holdings Corp.
The MRT-7 project involves the construction of a 22-km train line with 14 stations from San Jose del Monte in Bulacan to the corner of North Avenue and Epifanio de los Santos Avenue in Quezon City.
It also comprises a 22-km six-lane road from the MRT depot in Bulacan.
The San Miguel group took over a majority stake in the project in late 2010.
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