Economy

MRT-3, LRT Line 2 could be bundled for privatization

PHILIPPINE STAR/ MICHAEL VARCAS

By Justine Irish D. Tabile, Reporter

THE Department of Transportation (DoTr) is considering offering Metro Rail Transit Line 3 (MRT-3) with Light Rail Transit Line 2 (LRT Line 2) as a bundle when the commuter transport services are privatized.

Transportation Undersecretary for Railways Cesar B. Chavez said in an interview that the DoTr has created a task force to plan out the privatization of MRT-3, which traverses the main Metro Manila artery, Epifanio de los Santos Avenue, and LRT Line 2, which links the City of Manila to eastern Metro Manila.

“Wala pang final (decision) pero in principle approved na ni Secretary Jaime J. Bautista ang bundling (Nothing is final yet, but Secretary Bautista has approved in principle the bundling for privatization),” Mr. Chavez said.

The DoTr is planning ahead for the expiry of the MRT-3 operator Metro Rail Transit Corp.’s build, lease, and transfer agreement in 2025.

A separate company, Light Rail Manila Corp. (LRMC), operates LRT Line 2.

“Ang daming options either independent operation and maintenance under LRMC or i-bundle namin ’yung MRT-3 sa LRT Line 2 (There are many options: either independent operation and maintenance under LRMC or bundle MRT-3 with LRT Line 2),” Mr. Chavez said.

Mr. Chavez also said that the department is considering variations to its plan of privatizing the operations and maintenance (O&M) of MRT-3 and LRT Line 2.

The options the DoTr is considering are: O&M of both railway systems with the LRT Line 2 extension to Tutuban, Divisoria and Pier 4; O&M plus the rehabilitation of light rail vehicles; or O&M and the replacement of the light rail vehicles.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:

TheProficientInvestor.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top