Philippine government to Shorter concession period of 10 to 15 years for next MRT-3 operator

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The Philippine government has considered a shorter concession period of 10 to 15 years for the next Metro Rail Transit Line 3 (MRT-3) operator.

The upcoming MRT-3 concessionaire is poised to oversee the railway until 2040, assuming the government concludes the bidding process in 2025. This concession specifically covers the operations and maintenance of the rail system, while the government is managing the rehabilitation of MRT-3 through loans from Japan. The Department of Transportation (DOTr) plans to allocate PHP 29.6 billion (US$ 532 million) for MRT-3 improvements, supported by a supplemental loan of approximately US$130 million secured in 2023. With the concession under Sobrepeña-led Metro Rail Transit set to expire in 2025, the DOTr is expected to initiate the bidding process this year. Metro Pacific Investments Corp. is considering increasing its stake in the operator of Light Rail Transit Line 1 (LRT-1) to enhance its bid for the MRT-3 takeover, including the potential acquisition of the Ayalas' 35% share in the LRT-1 operator.

List of the country updates

Country updates

  • February 29, 2024

    US$995 million loan finalized for Metro subway PPP Project in Philippines

    The Department of Transportation (DOTr) has finalized the third tranche of loan financing with the Japan International Cooperation Agency (JICA) for the Metro Manila Subway project in the Philippines.

    Read more
  • February 19, 2024

    Winning bidder announced for US$3 billion Airport redevelopment PPP project

    The Department of Transportation (DOTr) and the Manila International Airport Authority (MIAA) have announced SMC-SAP & Company Consortium as the winning bidder for the Ninoy Aquino International A...

    Read more
  • February 15, 2024

    Pre-Bid Conference Conducted for PPP bulk water project

    The Provincial Government of Negros Occidental (PGNO), in partnership with the Public-Private Partnership (PPP) Center, and the U.S. Agency for International Development (USAID) Safe Water, has held t...

    Read more
  • February 13, 2024

    NEDA Board approves terms for US$227 million Airport PPP project in Philippines

    The National Economic and Development Authority (NEDA) Board has approved the negotiated parameters, terms and conditions for the PHP12.75-billion (US$ 227.5 million) Laguindingan International Airpor...

    Read more
  • February 05, 2024

    Proposals invited for Laguindingan International Airport upgradation project in Philippines

    The Department of Transportation (DOTr) and the Civil Aviation Authority of the Philippines (CAAP) have invited local and international companies to submit comparative proposals for upgrading, expandi...

    Read more

Share this update