The Department of Transportation is looking at completing the west extension of the LRT-2 under a public-private partnership scheme amid a proposed plan to privatize the entire railway in the future. | TyronePiad /PDI
Transportation Undersecretary for Railways Cesar Chavez, on the sidelines of a recent briefing, told reporters they were still studying this move, which was seen to free up some government funds. About P10.12 billion was to be set aside for the project.The government has been going the PPP route due to limited fiscal space, which was among the pandemic’s impact on the economy.
The proposed PPP plan was in line with the recent announcement by Chavez, who earlier revealed they were studying the privatization of the operations and maintenance of LRT-2 and bundling it with the Metro Rail Transit Line 3 , whose private concession is set to end in 2025.
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