TRAIN operator Light Rail Manila Corp. has received the award for the Best Project Finance Deal of 2016 in the 10th Annual Alpha Southeast Asia Best Deal and Solution Awards held in Malaysia this month.
Rogelio L. Singson, the company’s president, said the award was for the company’s P24-billion loan, which was arranged by SB Capital Investment Corp., First Metro Investment Corp. and RCBC Capital Corp. for the funding of the Light Rail Transit (LRT) Line 1 Cavite Extension project.
“This award affirms our commitment to provide the best service for our passengers, and we intend to manifest this through the ongoing and upcoming service improvements in the LRT 1, including the construction of the Cavite extension,” he said.
The company won the Cavite extension deal in 2015.
Targeted for completion in about four years after the delivery of right-of-way, the 11.7-kilometer Cavite Extension will connect into the existing system immediately south of the Baclaran Station and run in a generally southerly direction to Niyog, Cavite.
It will consist of elevated guideways throughout the majority of the alignment, except for the guideway section at Zapote, which will be located at grade.
Eight new stations will be provided with three intermodal facilities across Pasay City, Parañaque City, Las Piñas City and Cavite. The new stations are Aseana, MIA, Asia World, Ninoy Aquino, Dr. Santos, Las Piñas, Zapote and Niyog. The intermodal facilities shall be located at Dr. Santos, Zapote and Niyog.
The new stations will be accessible to and from nearby community facilities, such as shops, schools, stadium and parks, and located to suit passenger-flow routes from residential areas.
Pedestrian access to all new stations will be direct, safe and easy. Details such as lighting to distinguish access points, pedestrian cross striping and curb cuts for handicapped access will be provided. LRMC is led by Metro Pacific Investments Corp. and Ayala Corp.