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| source: http://www.flickr.com/photos/kel0814/ |
A partnership to expand LRT-1 up to Bacoor City in Cavite is on its way between Metro Pacific Investment Corp. of MVP and Ayala Corp by the Ayalas.
Below is an excerpt of the propose joint venture found in Bworldonline.com
source: http://www.bworldonline.com
Posted on June 11, 2012 10:59:46 PM
Ayala, MPIC ready rail firm
CONGLOMERATES Ayala Corp. and Metro Pacific Investments Corp. (MPIC) have begun setting up a joint venture that will bid for the expansion and operation of Metro Manila’s Light Rail Transit Line 1 (LRT-1).
Data from the Securities and Exchange Commission (SEC) showed
that the name "Light Rail Manila Holdings, Inc." -- which Ayala and MPIC
officials said would be their partnership’s vehicle -- was reserved for
incorporation last June 7.
"Light Rail Manila Holdings, the MPIC and Ayala joint venture, will submit for the project," said Melody M. Del Rosario, MPIC vice-president for corporate communications.
"The application is still pending submission to the SEC," Ms. Del Rosario added, noting that the partnership would vie for all rail projects that are set to be auctioned off by the government under its public-private partnership (PPP) program.
Ayala Managing Director Eric T. Francia also confirmed that Light Rail Manila Holdings would be business entity to be used for the LRT-1 project, pre-qualification for which is set for August.
"It is still in the process of incorporation," Mr. Francia said. "[It will be incorporated] within a month."
"Light Rail Manila Holdings, the MPIC and Ayala joint venture, will submit for the project," said Melody M. Del Rosario, MPIC vice-president for corporate communications.
"The application is still pending submission to the SEC," Ms. Del Rosario added, noting that the partnership would vie for all rail projects that are set to be auctioned off by the government under its public-private partnership (PPP) program.
Ayala Managing Director Eric T. Francia also confirmed that Light Rail Manila Holdings would be business entity to be used for the LRT-1 project, pre-qualification for which is set for August.
"It is still in the process of incorporation," Mr. Francia said. "[It will be incorporated] within a month."
(click here to read full story)
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| source: http://www.flickr.com/photos/kel0814/ |
An expansion like this which will connect Cavite to Metro Manila will surely help for those commuting from Cavite. Mass Rail Transit has been one of the solution to solve problems like high transportation cost, crowded urban area since those who usually stay in Manila for the week and go home in the weekends will now live the whole week in their home in the province, and the problems connected with overpopulation in an area will be resolve.
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For the two companies, it will surely benefit both because they are pooling in each others expertise in the transportation industry. And that will surely add to the two companies values making them one of the most coveted stocks.
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3 comments:
If you have to invest in real state in Manila, which area will you choose?
That is a tough question Dalamar. First of all you have to list things that would be your criteria in buying a property. If it has to be in Metro Manila and not in your province one of the criteria I would check if the area has a 24 hour water service. Water is the most important in survival so I guess I would look for a place where H20 is 24/7. Next to that would be one that is near to important facilities like grocery store or hospital. And last would be that it is has a good and friendly environment.
Is it impossible to look for such place? Search well and hard and you will find one. Global area is ok for me or some areas in QC qualifies. In the southern part I have not really been there so I really cant tell in those areas
I'm looking at Global City, Mc Kinley Hill and Rockwell at the moment
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