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December 28, 2016

SBL incentive for PPP deals lapses

December 28, 2016

SBL incentive for PPP deals lapses

Given a flurry of new foreign and multilateral lenders willing to finance infrastructure projects pursued through the public-private partnership (PPP) mode, the Bangko Sentral ng Pilipinas has no longer extended the availability of the additional 25-percent single borrowers’ limit (SBL) earlier dangled to banks and quasi-banks. In a statement Tuesday, the BSP said this temporary... continue reading
December 28, 2016

Megaworld to revisit dike PPP bid given new terms

December 28, 2016

Megaworld to revisit dike PPP bid given new terms

MEGAWORLD Corp., through its consortium Trident Infrastructure and Development Corp., is open to reevaluating the P123-billion Laguna Lakeshore Expressway-Dike proposal should the current government decide to bid it out, but under “more favorable” terms, a top official of the listed builder said. The Duterte administration earlier announced it is looking to pursue the Laguna Lakeshore... continue reading
December 27, 2016

Additional SBL for PPP Projects Expires This Year

December 27, 2016

Additional SBL for PPP Projects Expires This Year

The Monetary Board has decided to allow the lapse by 28 December 2016 of the additional 25 percent Single Borrowers’ Limit (SBL) specifically available to banks and quasi-banks (QBs) as a temporary regulatory relief to jump-start financing for Public-Private Partnership (PPP) projects. The regulatory relief was originally provided in 2010 for a period of 3... continue reading
December 23, 2016

Restoration of LRT 1 elevators and escalators is finally completed

December 23, 2016

Restoration of LRT 1 elevators and escalators is finally completed

The Light Rail Manila Corporation (LRMC), the operator of the Light Rail Transit (LRT) 1, yesterday announced it has completed restoring the elevators and escalators in all of the railways’ stations. Now, the riding public can have the comfort and convenience of using the 32 elevators and escalators in Doroteo Jose, EDSA, Roosevelt, Balintawak, and... continue reading
December 23, 2016

Common station for 3 railways approved

December 23, 2016

Common station for 3 railways approved

THE Department of Transportation (DoTr) will start hitting the ground for the construction of the common station project that will connect Metro Manila’s three urban rail systems next year as the compromise agreement could possibly be signed by parties involved by the end of 2016. Transportation Secretary Arthur P. Tugade said the agreement has been... continue reading
December 23, 2016

Govt, 4 companies set to launch MRT station

December 23, 2016

Govt, 4 companies set to launch MRT station

The Transportation Department expects to complete the construction of a common station that will link Metro Manila’s overhead train system in Quezon City by the middle of 2019, after four conglomerates agreed to the government’s proposal. Transportation Secretary Arthur Tugade said the formal signing for the construction of common station for Light Rail Transit Line... continue reading
December 23, 2016

MRT-LRT common station to be done in 2.5 years – DOTr

December 23, 2016

MRT-LRT common station to be done in 2.5 years – DOTr

Transportation Secretary Arthur Tugade says the signing of the compromise agreement on the common station is expected before 2016 ends MANILA, Philippines – The construction of the proposed Light Rail Transit (LRT) and Metro Rail Transit (MRT) common station between SM North EDSA and TriNoma malls will be done in two and a half years,... continue reading
December 23, 2016

NLEx, SCTEx to accept PayMaya, beep by Q1

December 23, 2016

NLEx, SCTEx to accept PayMaya, beep by Q1

THE Manila North Tollways Corp. (MNTC) on Thursday said both the North Luzon Expressway (NLEx) and the Subic-Clark-Tarlac Expressway (SCTEx) will start accepting payments through PayMaya and contactless payment system “beep” by the first quarter of next year. MNTC is the concessionaire for both the NLEx and the SCTEx projects. It is also one of... continue reading
December 23, 2016

MNTC to use beep cards at expressways

December 23, 2016

MNTC to use beep cards at expressways

Manila North Tollways Corp. said Thursday it will roll out the contactless automated fare collection system at North Luzon Expressway and Subic Clark Tarlac Expressway in the first quarter of 2017. “It’s in the works. They are currently installing the system. We are targeting first quarter of next year,” Romulo Quimbo Jr., senior vice president... continue reading
December 23, 2016

PayMaya, Beep to be allowed soon in NLEX, SCTEX

December 23, 2016

PayMaya, Beep to be allowed soon in NLEX, SCTEX

The operator of the two toll ways expects these payment options to be available in NLEX by early January, while SCTEX will follow MANILA, Philippines – Motorists passing through the North Luzon Expressway (NLEX) and Subic-Clark-Tarlac Expressway (SCTEX) can use PayMaya and Beep cards for payment by the first quarter of 2017. “The testing is... continue reading

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