Wednesday 16 January
Apr 6, 2016 @ 18:37

Ayala-Metro Pacific LRT-1 PPP project hits fresh snag


The Light Rail Transit (LRT) Line 1 Cavite extension project under the public private partnership (PPP) scheme undertaken by Ayala Corporation led by bilyonaryo Jaime Augusto Zobel de Ayala and Metro Pacific Corp. of bilyonaryo Manuel V. Pangilinan is facing further delays because the government is having difficulty acquiring new train coaches from Japan due to a supply squeeze.

In an Inquirer article, Transportation Secretary Joseph Abaya said the government is having difficulty sourcing new train coaches for the LRT1 because of the Tokyo Olympics in 2020.

Japan has earlier announced it will have a massive infrastructure upgrade in preparation for the international sports event.

Apparently the auction for the procurement of 120 new train cars ?failed? because no Japanese train makers tendered offers, which is why the Department of Transportation and Communications (DOTC) is now reviewing its options, including a rebid of the contract.

The train procurement accounts for about half of the P65-billion LRT-1 Cavite extension project. The government was able to tap the Japan International Cooperation Agency (JICA) for a loan to acquire the train cars, which means only Japanese train makers can participate.

The DoTC said the 120 train coaches would be configured in 30 four-car train sets to allow the rail line to accommodate up to 750,000 passengers daily.

A consortium comprised of Ayala, Metro Pacific, and Macquarie Infrastructure, earlier won the contract to operate and expand the line from Baclaran in Paranaque City to Bacoor, Cavite.

Please follow and like us:

Tags: , , , , , , , , , , ,

Related Stories
Seven of the country's biggest corporate titans are in talks to form a "super consortium"
No one other than the government can borrow this cheap.
Top firms owned by bilyonaryos RSA, Michael Cosiquien, Edgar Saavedra, Abiotiz group, Salim Group-Metro pacific
Bilyonaryo Ramon S. Ang is highly interested in putting up new airports in the country,


Trending News

Recommended on sister sites

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.