METRO PACIFIC Investments Corp. (MPIC) will be interested in taking over the operations and maintenance (O&M) of the MRT-3 and the Light Rail Transit Line 2 (LRT-2) if the government bids out the contracts, according to the conglomerate’s chairman.
Commuters line up at the MRT-3 North Avenue Station, March 28. — PHILIPPINE STAR/ MIGUEL DE GUZMANCorp. will be interested in taking over the operations and maintenance of the Metro Rail Transit Line 3 and the Light Rail Transit Line 2 if the government bids out the contracts, according to the conglomerate’s chairman.cer Manuel V. Pangilinan toldMPIC owns 35.8% of Light Rail Manila Corp. , which holds a 32-year concession to operate and maintain the LRT-1.
However, the group decided it would no longer pursue the proposal in 2020. While the Duterte administration said it was still open to privatizing the O&M contract for MRT-3, no progress was made. Metro Rail Transit Corp. , which is led by businessman Robert John L. Sobrepeña, is set to transfer the MRT-3 to the government by 2025. MRTC financed the construction of MRT-3 under a 25-year build-lease-transfer deal.
“The only thing I think they need to invest in is how to deploy the Chinese commuter trains,” he noted, referring to the trains purchased from China’s CRRC Dalian Co. Ltd. under the Aquino administration. There are issues with the measurements and weight of the trains.
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