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MRT-3 concession period seen at shorter 10-15 years
The Philippine Star
|March 04, 2024
The next operator of the Metro Rail Transit Line 3 (MRT-3) could end up with a shorter term of at least 10 years, as its role will be limited to managing the railway as the government pays for the cost of its rehabilitation.
This means the next concessionaire of MRT-3 would control the rail line until 2040, assuming government finishes the bidding in 2025.
Transportation Undersecretary Timothy John Batan said the government is eyeing to shorten the concession as it will only cover the operations and maintenance of the railway.
The government is shouldering the rehabilitation of the MRT-3 through loans extended by Japan. The Department of Transportation (DOTr) expects to spend P29.6 billion to improve the MRT-3, backed by a supplemental loan of about $130 million signed in 2023.
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