Can Metro Pacific, Ayala Corp. Really Make MRT-3 Viable?

Editorial cartoon by Ed Rompal

The partnership between Metro Pacific Investments Corp. and Ayala Corp. has offered P20 billion to rehabilitate, operate, and maintain Metro Rail Transit Line 3 that plies the 16.8-kilometer EDSA route from SM North to Taft Avenue.

In the last few years, what should be the fastest and most convenient conveyance has been breaking down as often as once a week, stops in between stations, no air-conditioning, or locks in commuters for hours. This year is the worse as the breakdown for whatever reason has increased to at least twice in a week. Running at only 20kph from the usual 50kph, the one-way stretch used to take only up to 35 minutes is now 50 minutes. That is if the train completes the run.

Based on ticket sales, commuters jam pack up to 500,000 a day when the capacity should only be 350,000.   

As early as 2011, business mogul Manuel V. Pangilinan, saw this coming. He offered to buy out all stakeholders including the government with a pledge not to increase fares in two years from time of acquisition. There is no indication, though, that this is happening soon. The terms of the proposal tendered by MPIC-Ayala Consortium are still under scrutiny by the National Economic Development Authority. 

The original was an unsolicited proposal from MPIC.

Under the new proposal, the MPIC-Ayala group proffered to fully take over the whole operations of the line. Presently, the consortium controls and manages the Light Rail Manila Corp., operating Light Rail Transit Line 1. An LRT extension to Cavite will soon be underway.

Can MPIC and Ayala make MRT 3 a viable venture despite maintenance woes and debts incurred?

Like us in Facebook


Latest News

Businesses told to comply with TRAIN law

    By Rose de la Cruz   Employers in private businesses should be able to iron out by March this year the transition kinks in implementing the... Read More...
Foreign inflows in January hit $1.62 billion

  By Rose de la Cruz   The Bangko Sentral ng Pilipinas reported that net foreign portfolio for January hit $1.62 billion, surpassing the $1.56... Read More...
Comelec control urged for narco-infested LGUs

  By Francisco Benjamin Garcia   Rep. Bernadette Herrera-Dy, chairman of the committee on public information at the lower house has urged that... Read More...

WHILE the modernization of public utility vehicles has always been in the wish list of past administrations, thought of as a solution to the... Read More...
IMAGE Honest Hubby and Other Laughs

Honest Hubby?THERE was this old lady who was caught shoplifting. On court day her husband accompanied her as she faced the judge. "Why did you... Read More...
IMAGE All about women and wives and other laughs

All about women and wives I married Miss Right. I just didn’t know her first name was Always. ***** Marriage is a three-ring circus: engagement... Read More...

TULUYAN nang tinuldukan ni Presidente Rodrigo Duterte ang anumang pagtatangka ng ibang mga grupo at sektor na buhaying muli ang usapang... Read More...

Guhit ni Ed Rompal INIULAT ni Senador Sonny Angara na nagkasundo na ang congressional bicameral conference committee sa limang probisyon na... Read More...

Our Guests

This week1782
This month15604

Visitor Info

  • Your IP:

Who Is Online


Monday, 19 February 2018
© 2016 OpinYon News Magazine Online. All Rights Reserved.

Please publish modules in offcanvas position.