San Miguel Corp. has taken a major step toward launching full operations of MRT-7 by 2026 with the signing of an operations and maintenance agreement between its subsidiary, SMC MRT-7 Corporation, and Korea’s national railway operator, KORAIL.
Conglomerate Ayala Corp. booked a P3.2 billion accounting loss on its investment in the Light Rail Transit Line 1 (LRT-1) due to delayed fare hikes and fewer expected passengers.
MAP said it recognizes the need to adjust fares on the extended LRT-1 line, noting that the last approved adjustment has not kept pace with the line’s growing operational requirements and service area.
The Department of Transportation (DOTr) is preparing to take action against the contractors of the Unified Grand Central Station, a critical hub linking Light Rail Transit Line (LRT) 1, Metro Rail Transit (MRT) 3, MRT-7, and the Metro Manila Subway, which has been idle for over a year.
Light Rail Manila Corporation (LRMC) will temporarily suspend LRT-1 operations on three weekends in August 2024 to prepare for the LRT-1 Cavite Extension Phase 1 opening later this year.
Conglomerate San Miguel Corp., led by billionaire Ramon S. Ang, is expected to begin the Quezon City operations of the 22-kilometer Metro Rail Transit Line 7 by the end of 2025.