MRT line 7 PPP project to be partially operational in 2022
The Philippines Public Private Partnership Agency has announced that the Manila Metro Rail Transit (MRT) line 7 public-private partnership (PPP) project is 67% complete and will start partial operations by Q4 of 2022.
The project concessionaire is SMC and is fully financing the construction. The MRT 7 line will serve about 350,000 passengers per day and after the upgrade is completed, this figure will increase to 800,000 passengers per day. MRT 7 will reduce travel time between North Avenue in Quezon City and San Jose del Monte, Bulacan from two to three hours to 35 minutes, reducing traffic in Metro Manila.
The project will relieve the pressure on the Manila Metro and make passenger journeys more convenient and comfortable.
Country updates
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November 11, 2021
Unsolicited proposal submitted for Sangley Airport PPP
The Province of Cavite in the Philippines has received an unsolicited proposal from the SPIA Development Consortium for the development of Sangley Point International Airport (SPIA). The SPIA Dev...
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October 18, 2021
KKR completes investment in First Gen
KKR has acquired all of the 262,937,672 common shares of First Gen Corporation that were tendered by shareholders of the company in the Philippines. The transaction has a total investment value o...
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September 29, 2021
Philippines approves USD1.85 billion Expressway PPP project
The Government of the Philippines has approved the Pasig River Expressway (PAREX) project which will be implemented as a Public-Private Partnership.
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September 17, 2021
RFEOI issued for Broadband PPPs in Philippines
The International Finance Corporation (IFC) has been approached by the Government of the Philippines, through its Department ofInformation and Communications Technology, to explore PPP structures and...
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August 30, 2021
Philippines selects management consultant for Mindanao Railway PPP
The Ministry of Transportation in the Philippines has awarded the project management consultancy contract for the Mindanao Railway Phase 1 PPP project to the Chinese consortium. The consortium compri...
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