“We maintain that the concession agreement is grossly disadvantageous to the public. It will be disastrous for commuters.” – Renato Reyes, Bagong Alyansang Makabayan
The public-private deal concerning LRT will give the Ayala-MVP Group the benefit of the government’s official development assistance (ODA) in financing more than half of the total project cost of about P65-billion. The government committed to shoulder the right of way acquisition, purchase of coaches, civil works, among other expenses.
See also: Bayan rues ‘End of an era’ as Aquino privatizes LRT 1
SPECIAL REPORT: “We reject the suggestions that these problems (in MRT) would be magically solved by a fare hike. A fare hike would be like rewarding the grossly incompetent, taxpayer money-addicted private management of the MRT.” – James Relativo, spokesman of Train Riders Network
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