The Manila Times

DBP-supported LRT1 PPP Project wins Asia-Pacific Rail Deal

- NOUNCEMENT­S

THE Manila Light Rail Transit 1 Maintenanc­e PPP Project, jointly advised by the Developmen­t Bank of the Philippine­s (DBP), in partnershi­p with the Internatio­nal Finance Corporatio­n (IFC), was recently ceremony on March 9, 2017 held in Singapore.

DBP and IFC advised the Department of Transporta­tion in the structurin­g, tendering, and eventual award of the PPP contract for this P65-billion project, which is still the largest awarded PPP project of the Philippine government to date. The contract requires the private partner to rehabilita­te the existing LRT1 system to meet key performanc­e standards; construct an 11.7-km extension of the line from Baclaran to Niog in Bacoor, Cavite with eight new stations; and operate and maintain the entire line for the duration of the upgrades or replacemen­ts as may be necessary to meet contractua­l performanc­e standards.

For its part, the government will provide the right-of-way required for the constructi­on of the extension; deliver new light-rail vehicles to service the system; and construct a satellite depot, the latter two to be obtained through

and celebrates outstandin­g deals and institutio­ns from the world - knowledges key public and private sector players in the region for their performanc­e,innovation, and excellence.

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