PPP eyed for LRT-2 O&M improvements

The Department of Transportation (DOTr) is targeting to start the privatization of the operations and maintenance (O&M) of Light Rail Transit Line 2 (LRT-2) before the year ends, as the government eyes further improvements to the rail line.

- DEXTER BARRO II

Transportation Secretary Vince Dizon said the agency has tapped the International Finance Corp. (IFC) in crafting the guidelines and terms of reference (TOR) for the bidding process of the LRT-2 O&M contract through public-private partnership (PPP).

IFC, a unit of the World Bank Group (WBG) that provides investment and advisory services to the private sector, is currently talking with major companies in the country that have expressed interest in the project.

The invitation to bid for prospective contractors will commence once IFC submits its final report on the project to the DOTr.