MAKATI City, September 15 (Eagle News) — Light Rail Manila Corp. a consortium composed of Ayala Corporation and Metro Pacific Investments Corporation (MPIC), has taken oven the operations and maintenance of LRT-1 Transit.
The LRMC won the P64.9 billion LRT 1 Cavite extension project after offering the highest premium bid of P9.35 billion.
The LRMC has secured the right to operate and maintain it for 32 years.
It will also extend the rail line by 11.7 kilometers from Baclaran up to Niyog town in Bacoor, Cavite.
LRMC also planned to construct eight additional stations along the route in the next five years.
Meanwhile, MPIC., through Metro Pacific Light Rail Corp., owns 55 percent of the LRMC, while Ayala Corp., AC Infrastracture Holdings Corp. owns 35 percent. (Eagle News Service)
