THE Department of Transportation (DoTr) and the Asian Development Bank (ADB) on Thursday signed three agreements to improve the delivery of key transportation projects in the country.
THE Department of Transportation and the Asian Development Bank on Thursday signed three agreements to improve the delivery of key transportation projects in the country.The agreements for transaction advisory services cover the operations and maintenance of Manila Metro Rail Line 3, the Davao Public Transport Modernization Project operations and maintenance, and the Philippine Automatic Fare Collection System project.
The DoTr, meanwhile, will determine the best protocols for the operation and maintenance of the DPTMP, which was launched in February this year.Bautista added that engaging the ADB's technical assistance extended the concession agreement for the AFCS.The AFCS allows for the use of EMV-compliant contactless credit, debit and prepaid bank cards as cashless payment instruments in public transport and is considered safe and secure, and can provide revenue protection for operators.
Agreements Seen Boosting Projects
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