Listed property developer Sta. Lucia Land, Inc. announced on Friday that it has entered into a Memorandum of Agreement with the Light Rail Transit Authority (LRTA) to build an interconnection access facility for the extension of the LRT-2 track to Masinag, Antipolo.
The MOA is in line with the LRT-2 East Extension Project, which includes extending the elevated tracks of the railway by approximately 3.934 kilometers from its current terminus in Santolan, Pasig City to the Masinag Market in Antipolo City along the center-line of Marcos Highway.
The extension project also includes the addition of two stations, one of which is the proposed Emerald Station along Imelda Avenue, which will connect two malls—the Robinsons Metro East and Sta. Lucia East—in Pasig City.
In a disclosure to the Philippine Stock Exchange, Sta. Lucia Land said it is willing to construct a lay-by, which would facilitate seamless traffic management for vehicles and pedestrians along the affected portion of Marcos Highway.
It said the lay-by would be right in front of the Sta. Lucia Mall.
“The construction of an interconnection access facility between Sta. Lucia Mall and Business Center and the LRT-2 Emerald Station, similar to existing facilities in other LRT stations, will enhance accessibility and will further serve public interest and safety,” the company said.
Worth P2.27 billion, the LRT-2 East (Masinag) Extension involves the construction of two new stations specifically the Emerald Station in Cainta, Rizal and the Masinag Station at the Masinag junction in Antipolo City.
Construction of the extension project began in June, and is expected to run in the third quarter of 2017.
The project is expected to bring an additional 75,000 passengers daily as well as boost Sta. Lucia Land’s bottom line.