Tags: PPPs

Public to shoulder more costs than Ayala-MVP in LRT deal — Ibon

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