Partial closure to cause LRT-2 P1.5-M daily income loss : official

Published October 5, 2019, 12:59 AM

by Ellalyn De Vera & Richa Noriega

By Patrick Garcia

According to an official of the Light Rail Transit Authority (LRTA), the company will lose P1.5 Million daily due to the closure of three of its train stops after being hit by fire Thursday, October 3.

LRT-2 (Manila Bulletin)
LRT-2 (Manila Bulletin)

“For the loss of income, we are incurring around P3.2 million everyday for the whole line stoppage. But the moment we start the partial ops on Monday and Tuesday, we estimate that the financial losses would go down around P1.5 million daily,” Hernando Cabrera, LRTA spokesperson, said in an interview with ANC Friday.

LRTA closed the Santolan, Katipunan and Anonas stations for nine months to give way to the search and purchase of necessary parts overseas and the overall repairs needed.

“We have to take into consideration the fact that the items that we would be requiring are not off-the-shelf items. They will have to be customized for our system. So this will take time,” Cabrera added.

LRT-2 operations from Cubao to Recto and vice versa will resume next week.

READ MORE: Transformer causes fire on LRT-2 track; train operation stopped