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LRMC says LRT-1 Cavite Extension 60% finished
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LRMC partners with Angkas for ride-hailing services
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February 2, 2021 | 12:04 am Font Size
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METRO PACIFIC Investments Corp. (MPIC) and its partner Singapore-listed Keppel Infrastructure Trust (KIT) have completed the acquisition of the Philippine Tank Storage International Holdings, Inc. (PTSI), which owns the largest petroleum products import storage facility in the Philippines, the former announced on Monday.
“Further to our disclosure filed on 9 December 2020, on 29 January 2021, MPIC and Keppel Infrastructure Fund Management Pte. Ltd., in its capacity as trustee-manager of KIT, completed the acquisition of 100% of the total issued capital stock of PTSI from Macquarie Infrastructure Holdings (Philippines) Pte. Limited, Government Service Insurance System and Langoer Investments Holding B.V.,” the listed investment holding company told the local bourse in a disclosure.
January 26, 2021 | 8:09 pm Font Size
Photo by Department of Transportation
THE Transportation department said Tuesday that it took delivery of the first batch of train cars from Spain and Mexico for use of the Light Rail Transit Line 1 (LRT-1) Cavite extension.
“This means that after 19 long years of waiting, the LRT-1 Cavite extension is finally turning into reality,” the department said in a statement.
Japan, through the Japan International Cooperation Agency, funded the manufacture of the 120 fourth-generation light rail vehicles.
The train cars will be provided to the LRT-1, with Mitsubishi Corp. as the implementing contractor, the Embassy of Japan in Manila said in a separate statement.