The Light Rail Manila consortium, led by Metro Pacific Investments and Ayala Group, has won a contract on the extension and operation of the elevated light railway 1 in Manila. The contract cost is PHP 64,9 Billion (EUR 187 Million).
The consortium is 55% owned by Metro Pacific, AC Infrastructure Holdings (Ayala) and Macquarie Infrastructure Holdings with 35% and 10% of the shares respectively.
The project will permit the extension of the light rail line 1, currently 20.7 km long by another 11.7 km up to Cavite (south of Manila). The contract also includes the operation of the railway for a period of 32 years.
Light Rail Manila will invest PHP 35 Billion (EUR 614 Million) in the project and local authorities will buy necessary trains and 120 wagons. The consortium will collaborate with French companies Bouygues Travaux Publics and Alstom Transport for the development of infrastructure works and with RATP Dev for operations.
Source: asia.nikkei.com
Share on:
