Manila keen to make progress on LRT
01 April 2000
The Philippines' Department of Transportation and Communications (DOTC) plans to iron out differences with the French firm Bouygues, the biggest civil works contractor in Europe, over the implementation of the $1 billion Light Rail Transit (LRT) IV.
Railway and Mass Transport Undersecretary Carlos Borromeo recommended the move to iron out unresolved issues, such as the revision in Bouygues financial models and project cost as well as the final equity contribution.
Since 1994, Bouygues had been working with the government approval of the 23 km LRT IV, which will run from Quezon Avenue in Quezon City to Quirino Highway in Novaliches.
It plans to construct the railway in two stages. The first stage will run from Quezon Avenue to Batasan area while the second stage will start from Batasan to Quirino Highway. The contractor wants to undertake the project as a build-transfer/build-operate-own (BT-BOO) scheme. The National Economic Development Authority (NEDA) gave its first pass approval on the project on January 28, 1998. Since then, DOTC has been awaiting Bouygues' updated financial models and project cost which NEDA found to be excessive.
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