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Manila Bulletin devider Philippines devider National devider P2.56-B fund to boost MRT-3 rehab, says Quezon City solon 

P2.56-B fund to boost MRT-3 rehab, says Quezon City solon 

Published Sep 15, 2024 07:04 am

At A Glance

  • Some P2.56 billion will be poured into the ongoing rehabilitation of the Metro Rail Transit Line 3 (MRT-3), said Quezon City 4th district Rep. Marvin Rillo said in a statement on Sunday, Sept. 15. 

MRT-3 DOTr.jpgThe MRT-3 (DOTr)
 

 

 

 

 

 

 

 


Good news for commuters. 

Some P2.56 billion will be poured into the ongoing rehabilitation of the Metro Rail Transit Line 3 (MRT-3), said Quezon City 4th district Rep. Marvin Rillo said in a statement on Sunday, Sept. 15. 

“We have another P2.56 billion for the MRT 3 Rehabilitation Project in the 2025 National Expenditure Program (NEP). The sum is on top of the P2.93 billion earmarked for the project in the 2024 General Appropriations Law,” Rillo said 

“The government is determined to the renew the MRT-3 to enhance passenger comfort and safety, accommodate the growing demand for mass public transportation, and alleviate motor vehicle road congestion,” added the vice chairman of the House Committee on Metro Manila Development. 

House Bill (HB) No.10800, the legislative equivalent of the P6.352-trillion NEP, recently underwent first reading in plenary. 

The MRT-3 rehabilitation project includes the overhaul and upgrading of existing rolling stock, rail tracks, signaling system, power supply system, overhead catenary system, communications system, and depot and station equipment. 

The 16.9-kilometer, 13-station elevated train line along Epifanio de los Santos Avenue (EDSA) is 24 years old. 

“The project is meant to improve the overall dependability of the MRT-3 as a fast and efficient mode of public transportation,” Rillo said. 

Of the P2.56 billion that will be spent for the rehabilitation project in 2025, Rillo said P2 billion will come from loan proceeds, while the balance of P560 million will be covered by government counterpart funding. 

Last year, the government signed a P6.9 billion supplemental loan agreement with the Japan International Cooperation Agency (JICA) for the second phase of the rehabilitation project. 

The MRT-3 conveyed an aggregate of 129,030,158 commuters in 2023, up by more than 30 percent from 98,330,683 passengers in 2022, according to the Light Rail Transit Authority (LRTA). 

Daily ridership averaged, 357,198 in 2023, up from 273,141 in 2022. 

The train system was constructed under a 25-year Build-Lease-Transfer (BLT) agreement between a private consortium grouped under the Metro Rail Transit Corp. (MRTC) and the Department of Transportation (DOTr). 

Under the BLT agreement, the government, through the DOTr, manages and leases the MRT-3 and provides monthly equity rental payments to the MRTC, which owns the facility and bankrolled the construction of the train system. 

Upon the expiration of the BLT agreement on July 20, 2025, the MRT-3 will become fully government-owned, and the DOTr plans to privatize the operations and maintenance of the train system.
 

Related Tags

metro rail transit marvin rillo national budget MRT-3
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