AYALA-LED Light Rail Manila Corp. (LRMC) is buckling up to spend up to $200 million for the rehabilitation of the 32-year-old Light Rail Transit (LRT) Line 1 that traverses 20 stations from Roosevelt Avenue to Baclaran in Metro Manila.
LRMC was awarded the concession to operate and maintain LRT-1, taking over operations of the overhead train line starting September 2015.
“$150 million to $200 million is the total rehab cost that we are looking at,” said Eric Francia, president of AC Infrastructure, also a wholly owned subsidiary of Ayala Corp. which holds a 35-percent stake in LRMC.
Francia told reporters in a media roundtable in Makati Friday that LRMC is currently working on the rehabilitation and upgrade of LRT Line 1 to improve its capacity to accommodate more passengers.
Under the 32-year contract, the Ayala-led concessionnaire will operate, rehabilitate and build an extension of the LRT line to the towns of Cavite south of Metro Manila.
“What we’re doing now is rehab the existing system. We are expecting to increase it [capacity]some more, to more than 30 percent within the next 12 months or so,” Francia said.
LRT-1, which runs through Rizal and Taft Avenues, currently has a recorded ridership of 750,000 passengers daily.
Meanwhile, LRMC is looking to spend P500 million to improve the LRT-1 stations over the next two years.