THE lone bidder for the P65-billion Light Rail Transit Line 1 (LRT-1) Cavite Extension project of the Department of Transportation and Communications (DOTC) has offered to pay the government a concession premium of P9.35 billion for the right to build, operate, and manage the new rail line.
The Light Rail Manila Consortium led by Metro Pacific Investments Corp. (MPIC) on May 28 submitted the lone bid for the LRT-1 extension project.
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