LRT-1 Cavite extension for P24 billion

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LRT 1

Light Rail Manila Corp. (LRMC) signed an engineering, procurement, and construction (EPC) deal with French contractual workers Bouyges Travaux Publics and Alstom Transport worth a consolidated €450 million.

Ayala, Metro Pacific, and Macquarie groups is acquiring a P24.4-billion credit from three neighborhood banks to fund the restoration and Cavite augmentation of Light Rail Transit (LRT) Line 1. P15.3 billion will go the Cavite augmentation, and P8.7 billion, to the restoration of the current train line.

The development of the 11.7-kilometer (km) expansion by second half of the year.

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