June 11, 2016 | PhilStar | Louella Desiderio
MANILA, Philippines - Infrastructure conglomerate Metro Pacific Investments Corp. (MPIC) is pursuing a proposal to rehabilitate the Metro Rail Transit Line 3 (MRT-3) under the incoming administration.
In a disclosure to the Philippine Stock Exchange, MPIC said it would push for a proposal which involves making improvements on the railway from North Avenue station in Quezon City until Taft station in Pasay City, to the new administration.
“It has in fact re-submitted its proposal and will of course give due regard to the inputs from the incoming administration,” MPIC said.
Last month, MPIC chairman Manuel V. Pangilinan said the company was open to reviving its proposal for the improvement of the MRT-3 with the new government.
“You can see it (rehabilitation) is necessary,” he said.
MPIC first submitted a proposal to the Department of Transportation and Communications (DOTC) to rehabilitate the MRT-3 in 2011.
Under the proposal, MPIC offered to make an investment worth more than $500 million to undertake works to upgrade the train system.
MPIC’s proposal was thumbed down as the offer involved hiking fares for the MRT-3.
The DOTC has also said it prefered having an open and transparent competitive bidding over an unsolicited proposal.
The MRT-3 carries close to 600,000 passengers per day, way more than its designed capacity of 350,000 daily.
Apart from operating beyond its capacity, the train system has deteriorated over the years.
The DOTC which has assumed responsibility over the procurement of the MRT-3’s maintenance provider, has been slammed for the train’s service interruptions and series of breakdowns.
MPIC is involved in rail projects under the public-private partnership (PPP) program. – With Iris Gonzales