• SM eyes compromise on LRT common station


    THE building of a common rail station between Trinoma mall and SM North Edsa may be the “win-win” compromise that may finally end the row over where the station should be located.

    Jose Sio, executive vice president and chief finance officer of SM Investments Corp., the parent firm of SM Prime Holdings Inc., said his company wsin favor of building of a common Light Rail Transit 1 station between SM North Edsa and the Ayala-owned Trinoma.

    “We are for the benefit of the common rider, without sacrificing what we have already done with the government,” Sio said.

    “So if it means there should be a common station, then we would follow. We are amenable to what is good for the common public,” he said in an interview.

    In 2009, the Light Rail Transit Authority and SM Group signed a contract that the common station be built near SM City’s Annex Mall in exchange for the P200 million cash to be used for civil works.

    In 2013, however, then Transportation Secretary Joseph Abaya said the station should be transferred to Trinoma. The move was opposed by SM, resulting in the delay of the project.

    “We are agreeable to the proposed common station between our mall and the Ayalas. If you go to Hong Kong, that’s how it is for the malls out there, they share a common station,” Sio said.

    Asked if their company is no longer concerned over the decrease in foot traffic if the common station is not built near SM, Sio said the mall would do its best to attract shoppers.


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