After a seven-year delay, construction of the Metro Rail Transit Line 7 (MRT7) can commence after the private concessionaire, San Miguel Corp.’s (SMC) Universal LRT Corp. BVI Ltd (ULC), completed financial closure requirements.

“We have already submitted the required documents to the Department of Transportation and Communications (DOTC) last week, certifying the commitment from us and our banks to provide financing facilities for the project,” ULC Chairman Ramon S. Ang said in a statement on Monday.

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