(C)MetroNewsCentral
Last updated on May 17th, 2021 at 10:29 am
The Transportation Department (DOTr) clarified Thursday that it was the concessionaire who decided to open commercial spaces at MRT7 Quezon Memorial Circle station.
The government had previously stated that the railway project concessionaire would open the station’s business spaces to prevent rises in fares or amortization costs to be paid by the Government.
DOTr Assistant Secretary Goddes Hope Libiran explained that in projects such as MRT7 in the Public-Private Partnership (PPP), the concessionaire usually returns profit through three resources.
LRT Universal Corp. BVI Ltd. (ULC), which is owned by San Miguel Corp., is the MRT7 concessionaire.
Earlier the Quezon City government issued a temporary cease and desist order on the station’s above-ground construction after authorities learned that the project will affect the national heritage park.
The original plan, according to the local government, was to create an overground establishment of 2,500 square meters but was extended without their knowledge to 11,000 square metres.
The DOTr claimed that the design of the concessionaire was revised because the original plan was based on a report of 2002.
A Market Catching Its Breath The Singapore market turned noticeably quieter after the Straits Times Index (STI) went down, reflecting…
In response to a sudden and highly visible spike in strategic naval operations, the attention of the world has been…
The fast naval build-up in the area of Taiwan and Japan is causing the tension of East Asia to be…
The future of Asia in 2026 has an excellent combination of both opportunities and risks: a fresh wave of IPO…
On a dining table, food from many different cultures may look the same, but that is not the case. After…
Asia Power Index 2025 reveals a significant change of the region of Asia, transforming the entire continent. While the struggle…
This website uses cookies.
Read More