LRMC signs 32-yr pact with govt to run LRT-1 Cavite extension

THE Light Rail Manila Corp. (LRMC) on Thursday signed a 32-year concession agreement for the operation and maintenance of the P65 billion LRT-1 Cavite Extension Project with the Department of Transportation and Communications (DOTC) and the Light Rail Transit Authority (LRTA).

“The signing ceremony today marks the end of the bid process and it also signals the start of the long and difficult work ahead. We’re absolutely confident that we’re able to deliver the safe, efficient and comfortable riding experience that our customers deserve,” Fernando Zobel de Ayala, president and chief operating officer of Ayala Corp. said in his speech at the signing of the concession agreement.