Infrastructure conglomerate Metro Pacific Investments Corp. (MPIC) on Thursday said it is keen on pursuing a deal with the government on the operations and maintenance (O&M) of Metro Rail Transit Line 3 (MRT-3).
"One project that we're really keen to work with the government is to work on MRT-3. So I would hope that they would be open to some sort of cooperation," MPIC Chairman Manuel V. Pangilinan told reporters in Makati City.
MPIC first proposed the idea of investing $500 million in the rehabilitation of MRT-3 in 2011. The proposal was relayed to then-Department of Transportation and Communications.
It was rejected by the government as it would entail a fare hike.
"We're in the process of updating it, the proposal itself," Pangilinan said.
The Department of Transportation (DOTr) is now interested in buying out Metro Rail Transit Corp. – MRT-3's private sector operator – before privatizing the mass rail system. — VDS, GMA News
- See more at: http://www.gmanetwork.com/news/money/companies/612909/mpic-keen-on-pursuing-mrt-3-o-amp-m-deal/story/#sthash.qCiLICa7.dpuf
"One project that we're really keen to work with the government is to work on MRT-3. So I would hope that they would be open to some sort of cooperation," MPIC Chairman Manuel V. Pangilinan told reporters in Makati City.
MPIC first proposed the idea of investing $500 million in the rehabilitation of MRT-3 in 2011. The proposal was relayed to then-Department of Transportation and Communications.
It was rejected by the government as it would entail a fare hike.
"We're in the process of updating it, the proposal itself," Pangilinan said.
The Department of Transportation (DOTr) is now interested in buying out Metro Rail Transit Corp. – MRT-3's private sector operator – before privatizing the mass rail system. — VDS, GMA News
- See more at: http://www.gmanetwork.com/news/money/companies/612909/mpic-keen-on-pursuing-mrt-3-o-amp-m-deal/story/#sthash.qCiLICa7.dpuf
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