Wednesday, June 28, 2017

LRT operator to partner with private firms to hike non-fare revenues

Jacque Manabat
ABS-CBN News

LRT-1 operator Light Rail Manila Corporation (LRMC) said it is open to partnering with private companies to raise non-fare revenues and improve its stations. 
LRMC President and CEO Rogelio Singson announced today that Coca Cola will be its first partner. Under this program, the LRT-1 Central station will be decorated in Coke's iconic bottle and color. 
The new design goes complements the upgrades LRMC has implemented on the facility such as the use of LED lights, repainting and repairs on its ceiling.
Singson said they are looking into more partnerships with other private companies.
"We're hoping we could increase our non-fare revenues by 30 percent so we could continue with the stations' improvements. All of that are not covered by fare adjustments," Singson said.
He said that even before its partnership with Coke, there were already ongoing improvements in the stations and trains.
Last Monday, LRT-1 increased the number of available light rail vehicles (LRVs) to 104 from the 77 they received from the government when they took over in 2015.
Out of the 100 LRVs committed to be delivered to LRMC on its takeover, only 77 were in running condition.
"What was committed to us was they will deliver by December 2016 last year, but realizing that the trains will be delivered 2020 or 2019 we have to make do with what we have. We have to go through engineering rehab of rolling stocks"
Singson said that 26 trains run during peak hours with headway reduced from 4 minutes to 3 minutes. Train speed also increased from 40kph to 60kph resulting in shorter queues and more passengers served. 
Because of the additional trains, LRT-1 is planning to add more trips on weekends. The railway operator is also aiming to finish improvements to all its stations this December. 
Singson assured the public that these improvements will not lead to a fare hike.
"We already have a structure on the concession agreement and this will not add or reduce the fare. Under the concession agreement the tarif is already in place."
Singson also mentioned that they're willing to join the bidding for the improvement of other railways, such as the MRT-3.

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