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Showing posts with label Light Rail Transit. Show all posts
Showing posts with label Light Rail Transit. Show all posts

Friday, June 21, 2013

Stock News 2013: MRT, LRT fares may go up in August

Manila MRT Ayala Station in Makati City
Manila MRT Ayala Station in Makati City (Photo credit: Wikipedia)
A long-overdue fare increase at Metro Manila’s three elevated rail systems could take effect as early as August as the government seeks to recover part of its operating costs from the heavily subsidized train lines, according to Secretary Joseph Abaya of the Department of Transportation and Communications (DoTC).

But Abaya said in a round-table discussion with INQUIRER editors and reporters on Wednesday that the planned P10 average increase for the Light Rail Transit (LRT) Lines 1 and 2 and the Metro Rail Transit (MRT) Line 3 would be done in two equal stages through 2014.

This means fares, which were last adjusted in the early 2000s, will increase by P5 in 2013 while the second P5 increase will kick in next year.

“This increase has been long delayed so we are about to execute it. The matrix for LRT 1 requires us to catch up,” Abaya said.

“It was discussed a year ago in the budget hearing and it was taken as a set, all three railway lines,” he added.

“It should happen planning-wise in August or within the year.”

The announcement of the fare increases comes amid severe criticism of the LRT-MRT operations—coaches with passengers woefully packed like sardines most times of the day and long queues to the stations during rush hours.

For example, MRT 3 was designed to serve 350,000 passengers per day, but some 600,000 people cram the system daily.

A 1.3-kilometer stretch of the line on north Edsa—from Muñoz to Trinoma—has yet to be connected, three years into the Aquino administration.

Former Transportation Secretary Mar Roxas proposed a fare increase earlier in 2011, but it was met with opposition from critics who pointed out that managing public transport was a government function.

Critics say that no mass transportation system anywhere in the world makes money, quite apart from Hong Kong. But in this Chinese enclave, revenues come mainly from shop rentals in the mass transit railway stations, they add.

Reports showed earlier that the entire P10 average fare hike will happen this year but the DOTC secretary said the agency decided to “break it up” into two parts over two years.

Even with the fare increase, the LRT lines and MRT 3 come out “cheaper” than rates charged by bus operators, which are pegged at P40 per passenger, Abaya said.

The government is calculating that ridership at the train lines, which serve over 1.3 million passengers daily, will not be substantially affected by the rate increase.

The current fare at MRT, which runs through Edsa, Metro Manila’s main highway, is pegged at a maximum of P15 per passenger. For LRT 1, passengers are charged up to P20 each for a single journey; for LRT 2, the rate is pegged at P15.

http://business.inquirer.net/128269/mrt-lrt-fares-may-go-up-in-august-abaya
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Tuesday, September 18, 2012

Stock News 2012: Bidding for MRT 3 expansion faces delay

English: Platform area of J. Ruiz LRT Station ...English: Platform area of J. Ruiz LRT Station of the Manila Light Rail Transit System with an entering MRT-2 train. (Photo credit: Wikipedia)
The Department of Transportation and Communications (DOTC) needs time to study if there is a need to seek the approval of Metro Pacific Investments Corp.(MPIC) before bidding out additional light rail vehicles (LRVs) for the Metro Rail Transit (MRT) 3 system, an official said.

DOTC undersecretary Rene Limcaoco told reporters on the sidelines of the Philippine Economic Briefing yesterday that the department is still looking into the contract of the government with the MRT operator to see what needs to be done before it sets the bidding for the expansion of the MRT 3 system.

“We’re studying the contracts to determine what needs to be done,” he said.

Among the things they are looking at is whether the department would have to get the consent of the MPIC which holds an economic interest in the Metro Rail Transit Corp., the owner and operator of the MRT 3.

“We’re studying whether that approval is needed,” Limcaoco said.

Earlier this month, the National Economic and Development Authority (NEDA) Board approved the MRT 3 capacity-expansion project.

The project, which costs P8.63 billion, involves the acquisition of an additional 52 LRVs as well as the implementation of required ancillary works, to enable operating the MRT 3 system at a four-car train configuration.

The MRT 3 spans North Avenue station in Quezon City until Taft Avenue station in Pasay City.

Limcaoco also said the DOTC would endorse soon to the NEDA Investment Coordination Committee the common ticketing system project for Lines 1 and 2 of the Light Rail Transit (LRT) and the MRT 3 soon.

He declined to give more details on the schedule.

The LRT Line 1 runs from Roosevelt station in Quezon City until the Baclaran station in Pasay City, while Line 2 is from Santolan in Pasig to Recto in Manila.

Limcaoco said it would be up to the winning bidder if it would want to add features to the ticket.

Earlier, DOTC Secretary Manuel Roxas II said the department was looking at having a ticket similar to Hong Kong’s octopus card, which would not only be used for transport, but could also be used to purchase goods in convenience stores.

http://www.philstar.com/Article.aspx?publicationSubCategoryId=66&articleId=849985

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Friday, September 17, 2010

Stock News 2010: Public-private partnership projects to cost nearly P740 billion

Picture of DMIA taken last Oct 19, 2001Image via Wikipedia
THE AQUINO administration on Friday unveiled the broad outlines of its plan to mount infrastructure projects through so-called private-public partnerships (PPPs), estimating an initial tally of around 80 projects that will cost nearly P740 billion.

Mr. Paderanga bared a "short list" of 10 projects that will be ready for rollout or tender next year, with an estimated investment requirement of P127.8 billion:

  1. extension of the Light Rail Transit (LRT) Line 1 to Bacoor, Cavite (P70 billion);
  2. extension of the LRT Line 2 to Masinag Junction in Antipolo (P11.299 billion);
  3. a new airport in Bohol (P7.543 billion);
  4. a "city terminal" for the Diosdado Macapagal International Airport in Pampanga (cost to be determined);
  5. privatization of the operation and maintenance contract of the Laguindingan airport in Misamis Oriental (cost to be determined);
  6. a new airport in Puerto Princesa (P4.362 billion);
  7. an expressway connecting the North and South Luzon tollways (P21 billion);
  8. the Cavite-Laguna Expressway (P10.5 billion);
  9. supply of treated bulk water for Metro Manila (cost to be determined); and
  10. a new airport in Daraga, Albay.


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