Light Rail Manila Consortium (LRMC) has already signed the P24-billion loan for the extension of the Light Rail Transit Line 1 (LRT1) from Baclaran to Bacoor, Cavite.
The construction of the P64.9-billion LRT-1 extension that includes an ongoing rehabilitation program will begin in June and is expected to be operational by the year 2020.
The consortium of Ayala Corporation and Metro Pacific Investments Corporation won the bid for the LRT-1 Cavite extension back in 2014.
An estimated additional 300,000 daily passengers are expected to ride the Cavite extension.
“These milestone agreements give us significant headway towards the construction and commissioning of the much-awaited Cavite Extension which will benefit an additional 300,000 passengers from four big cities in southern Manila,” LRMC president and CEO Jesus Francisco said.
Francisco said that the French companies Bouygues Travaux Publics and Alstom Transport Private Limited will help LMRC in constructing the LRT-1 extension once right of way is delivered by the DOTC and Light Rail Transit Authority (LRTA).
The 11.7-kilometer extension from Baclaran to Cavite, with a commercial speed of 60kph, will have eight new stations which will be called Aseana, MIA, Asia World, Ninoy Aquino, Dr. Santos, Las Piñas, Zapote, and Niog. -Ram Arciga