Railways of the Philippines Update

Railways of the Philippines Update

DMCI is still awaiting payment for constructing the LRT-2 east extension line more than two years since its completion.

That’s the reason why the National Economic and Development Authority (NEDA) Board led by President Ferdinand Marcos Jr. approved the extension of the project’s implementation period until its defects liability period ends in December 2024.

The P8.41-billion LRT-2 contract covered the construction of the Marikina and Antipolo stations, which are already operational.

The NEDA Board said the extension will allow the government to fully pay all of the contractors and consultants.

Over 138,000 passengers ride the LRT-2 daily. The line stretches from Recto, Manila to Antipolo.

THE Department of Transportation (DoTr) said it is hoping to auction the operations and maintenance (O&M) contract for Metro Rail Transit Line 3 (MRT-3), and two other big-ticket railway projects by the first quarter of 2025.

The DoTr is still determining the scope of the O&M contract that will be bid out.

The railway system is very difficult to make profitable by itself. For the LRMC (Light Rail Manila Corp.) O&M, it was defined in terms of how much is their share.

The DoTr is now working with the Asian Development Bank to develop a public–private partnership (PPP) MRT-3 project.

The Lrt line 1 Cavite Extension Phase 1 First 5 stations will be operational by last quarter of 2024.