This was to help them recover huge investments from improving the LRT 1 and the ongoing extension of the elevated railway by 11.7 km to Niog, Bacoor in Cavite, which would be fully operational by 2027.
“Depending again on the election outcome, we would have to make a judgment whether there is a decent chance that the next president will be more open to or sympathetic to a tariff adjustment for LRT 1 in some shape or form,” he added. “We told the board we should consider it and hold our thinking in abeyance for the next few months or weeks depending on how we assess the political landscape moving forward,” Pangilinan said.Built near the end of the regime of the late dictator Ferdinand Marcos in 1984, the LRT 1 is considered the oldest LRT system in Southeast Asia.LRMC president and CEO Juan Alfonso said during the briefing the company had submitted three tariff adjustment applications for a combined 36-percent fare increase.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LRT-1 4th Gen trains start trial runsDynamic test runs for Light Rail Transit (LRT)1’s brand-new 4th Generation (Gen-4) trains start along its existing line tonight, Wednesday, May 4, announced private operator Light Rail Manila Corporation (LRMC).
Source: manilabulletin - 🏆 25. / 51 Read more »
Metro Pacific open to increasing stake in LRT1 operatorPangilinan-led conglomerate Metro Pacific Investments Corp. (MPIC) is interested in further increasing its stake in Light Rail Manila Corp. (LRMC), the private operator of Light Rail Transit Line 1 (LRT1).
Source: gmanews - 🏆 11. / 68 Read more »
CCLEX to ‘slowly’ boost toll road group’s earnings - BusinessWorld OnlineMetro Pacific Investments Corp. (MPIC) expects that the opening of the Cebu-Cordova Link Expressway (CCLEX) will gradually boost the earnings of its toll roads business starting this year, its chairman said. READ: Despite IamMVP's fears, I think the CCLEX will earn quickly. Cebu needs bridges so urgently that a fourth one is already in the works. MPICCorpComm
Source: bworldph - 🏆 9. / 68 Read more »
LRT-1 4th Gen trains start trial runsDynamic test runs for Light Rail Transit (LRT)1’s brand-new 4th Generation (Gen-4) trains start along its existing line tonight, Wednesday, May 4, announced private operator Light Rail Manila Corporation (LRMC).
Source: manilabulletin - 🏆 25. / 51 Read more »
Vote-buying incident reported in Cordova 5 days before pollsLAPU-LAPU CITY, Philippines -- The Cordova Police Station is now investigating an alleged vote-buying incident that was reported to them.Police Major Ramil Dugan, chief of police of Cordova
Source: cebudailynews - 🏆 8. / 71 Read more »
MCWD turns to desalinated water to address supply shortageMANDAUE CITY, Cebu -- The Metro Cebu Water District (MCWD) is considering the possibility of buying desalinated water to address the gap between its current supply and the actual demand of consumers
Source: cebudailynews - 🏆 8. / 71 Read more »