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
By INA ALLECO R. SILVERIO
The study revealed that for every two schools financed through PPP in Alberta, Canada, an additional school could be built for the same cost.
Youth group Anakbayan called for a stop to government moves to privatize the MRT, as well as other proposed PPP projects, saying these will ‘bury alive’ ordinary Filipinos under an array of tax and fare burdens that will result from the projects. “Returning the MRT to private hands is a double whammy to the riding…