Department of Transportation (DOTr) Secretary Arthur Tugade has confirmed that the agreement on the LRT-MRT common station will be signed this month.
The common station is set to be built between Ayala Land’s Trinoma Mall and SM North EDSA in Quezon City. The station would connect the Metro Rail Transit Line 3 (MRT-3), the Light Rail Transit Line 1 (LRT-1), and the proposed MRT Line 7 in Quezon City. According to Tugade, stakeholders Ramon Ang, Vice-Chairman, President and COO of San Miguel Corporation, Manuel V. Pangilinan, Chairman of TV5 Network, Philex Mining, Philex Petroleum, and Metro Pacific Investments Corporation (MPIC) and Jaime Augusto Zóbel de Ayala II, chairman and CEO of Ayala Corporation, chairman of the board of directors of Globe Telecom, Bank of the Philippine Islands, and Integrated Microelectronics Inc. (IMI); vice chairman of the board of directors and member of the Executive Committee of Ayala Land, Inc. (ALI); vice chairman of Manila Water Company, Inc.; and co-chairman and trustee of Ayala Foundation, Inc., have agreed to finalize the project after a private meeting with him.
“We tried to meet separately and collectively with all the stakeholders. The last meeting was done yesterday with no less than the heads, stakeholders meeting with me, in a private meeting,” Sec. Tugade said.
Tugade also confirmed that SM Prime Holdings agreed on the location of the common station between The Annex at SM City North EDSA and Trinoma Mall. Tugade also explained that the stakeholders saw the importance of having one single station and that they agreed on the intention to not burden commuters in making them walk distantly.
“What we have basically agreed upon, number 1, all of them saw the importance of 1 single station. All of them saw the difficulty of making people walk to do connectivity between LRT’s and MRT’s,” he explained.
The location of the common station, however, has yet to be finalized. The current court battle between SMPH and ALI impeded this decision.
On September 28, 2009, SM Prime Holdings had a deal with the LRT Authority to construct the common station in front of The Annex at SM City North EDSA.
On January 25, 2010, SM Prime Holdings gave 200 million pesos to LRTA for the naming rights of the common station. But on May 30, 2013, former DOTC secretary Joseph Emilio Abaya decided to transfer the location of the common station near Trinoma Mall. The case reached the court but SM Prime Holdings loss the case. The 200-million peso cash bond is still in the possession of LRTA and will be sent back as soon as possible.
The DOT is proposing a budget of P55.47 billion for 2017, 25 percent higher than this year’s budget.
Source: news.abs-cbn.com, untvweb.com
The common station is set to be built between Ayala Land’s Trinoma Mall and SM North EDSA in Quezon City. The station would connect the Metro Rail Transit Line 3 (MRT-3), the Light Rail Transit Line 1 (LRT-1), and the proposed MRT Line 7 in Quezon City. According to Tugade, stakeholders Ramon Ang, Vice-Chairman, President and COO of San Miguel Corporation, Manuel V. Pangilinan, Chairman of TV5 Network, Philex Mining, Philex Petroleum, and Metro Pacific Investments Corporation (MPIC) and Jaime Augusto Zóbel de Ayala II, chairman and CEO of Ayala Corporation, chairman of the board of directors of Globe Telecom, Bank of the Philippine Islands, and Integrated Microelectronics Inc. (IMI); vice chairman of the board of directors and member of the Executive Committee of Ayala Land, Inc. (ALI); vice chairman of Manila Water Company, Inc.; and co-chairman and trustee of Ayala Foundation, Inc., have agreed to finalize the project after a private meeting with him.
“We tried to meet separately and collectively with all the stakeholders. The last meeting was done yesterday with no less than the heads, stakeholders meeting with me, in a private meeting,” Sec. Tugade said.
Tugade also confirmed that SM Prime Holdings agreed on the location of the common station between The Annex at SM City North EDSA and Trinoma Mall. Tugade also explained that the stakeholders saw the importance of having one single station and that they agreed on the intention to not burden commuters in making them walk distantly.
“What we have basically agreed upon, number 1, all of them saw the importance of 1 single station. All of them saw the difficulty of making people walk to do connectivity between LRT’s and MRT’s,” he explained.
The location of the common station, however, has yet to be finalized. The current court battle between SMPH and ALI impeded this decision.
On September 28, 2009, SM Prime Holdings had a deal with the LRT Authority to construct the common station in front of The Annex at SM City North EDSA.
On January 25, 2010, SM Prime Holdings gave 200 million pesos to LRTA for the naming rights of the common station. But on May 30, 2013, former DOTC secretary Joseph Emilio Abaya decided to transfer the location of the common station near Trinoma Mall. The case reached the court but SM Prime Holdings loss the case. The 200-million peso cash bond is still in the possession of LRTA and will be sent back as soon as possible.
The DOT is proposing a budget of P55.47 billion for 2017, 25 percent higher than this year’s budget.
Source: news.abs-cbn.com, untvweb.com
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