Business World

DoTr says MRT-3 Sumitomo contract signed by yearend

- —Denise A. Valdez

TRANSPORTA­TION Secretary Arthur P. Tugade said the contract for Sumitomo Corp. and Mitsubishi Heavy Industries, Ltd. (Sumitomo-MHI) as new maintenanc­e provider for the Metro Rail Transit Line 3 (MRT-3) is expected to be signed today, Dec. 17, or on the 24th.

In a chance interview at the inaugurati­on of the new Maritime Industry Authority (MARINA) office in Manila City on Friday, Mr. Tugade said the government and Sumitomo-MHI have already agreed on the contract terms.

“Noong [kamakailan­g] Sabado (Dec. 8) nagkaroon kami ng mahabang pulong na kung saan (On December’s second Saturday, we had a lengthy meeting where we) more or less agreed na,” he said.

He said Sumitomo-MHI will take over the MRT-3 rehabilita­tion immediatel­y after the signing.

The DoTr earlier said the rehabilita­tion period for the MRT-3 is expected to last 43 months, covering the 31-month simultaneo­us rehabilita­tion and maintenanc­e works and 12-month defect liability period.

Last month, the government signed the P18-billion loan agreement with the government of Japan for the rail system’s rehabilita­tion and maintenanc­e.

Mr. Tugade said the entry of Sumitomo-MHI will also help in the roll out of Dalian trains procured from Chinese firm CRRC Dalian Co. in 2014, which only started initial deployment late Oct.

 ?? PHILIPPINE STAR_KJ ROSALES ?? WORKERS inspect railway tracks of the Manila Metro Rail Transit in Pasay City.
PHILIPPINE STAR_KJ ROSALES WORKERS inspect railway tracks of the Manila Metro Rail Transit in Pasay City.

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