The Transportation Department said Friday it is set to turnover the operation and maintenance of the existing LRT Line 1 to Light Rail Manila Consortium this month.
“We are still working out a date with LRMC, both parties want it early, maybe this month or next month at the latest. There is mutual interest that they assume earlier this month. We want to make sure that everything is smooth on the turnover,” Transportation Secretary Joseph Emilio Abaya told reporters Friday.
LRMC, led by Metro Pacific Investments Corp. and Ayala Corp., won the auction for the P64-billion LRT Line 1 extension to Dasmariñas from Bacoor, Cavite.
LRMC under the concession agreement is expected to take over the operation and maintenance of the existing LRT Line 1 before October. The extension to Bacoor, meanwhile, should be operational within 54 months, or by May 2019.