Commercial spaces at MRT7 QMC station prevent ticket hiking

WhatsAppWhatsAppFacebookFacebookTwitterTwitterPinterestPinterestRedditRedditGmailGmailShareShare

Last updated on May 17th, 2021 at 10:29 am

The Transportation Department (DOTr) clarified Thursday that it was the concessionaire who decided to open commercial spaces at MRT7 Quezon Memorial Circle station.

The government had previously stated that the railway project concessionaire would open the station’s business spaces to prevent rises in fares or amortization costs to be paid by the Government.

DOTr Assistant Secretary Goddes Hope Libiran explained that in projects such as MRT7 in the Public-Private Partnership (PPP), the concessionaire usually returns profit through three resources.

LRT Universal Corp. BVI Ltd. (ULC), which is owned by San Miguel Corp., is the MRT7 concessionaire.

Earlier the Quezon City government issued a temporary cease and desist order on the station’s above-ground construction after authorities learned that the project will affect the national heritage park.

The original plan, according to the local government, was to create an overground establishment of 2,500 square meters but was extended without their knowledge to 11,000 square metres.

The DOTr claimed that the design of the concessionaire was revised because the original plan was based on a report of 2002.

WhatsAppWhatsAppFacebookFacebookTwitterTwitterPinterestPinterestRedditRedditGmailGmailShareShare
AddThis Website Tools
Desk Writer

Spends most of the time reading news all around the world. Strong knowledge and understanding of the current situation and happenings in the ASEAN region.

Recent Posts

Li Ka-shing’s Panama Canal Port Sale Sparks US-China Tensions

Hong Kong billionaire Li Ka-shing sold Panamanian port terminals to a US-led group, causing diplomatic conflicts between Washington and Beijing…

March 22, 2025

K-Pop Sensation New Jeans Lost the Legal Battle Against Record Label

In a major setback for Korea's burgeoning stars, a court in South Korea has ruled against NewJeans, disregarding their effort…

March 21, 2025

Malaysia Airlines Parent Company Invests in 30 Boeing 737 Planes

Malaysia Aviation Group (MAG) parent of Malaysia Airlines has set out to order 30 new Boeing 737 aircraft as part…

March 21, 2025

The sea border agreement between Vietnam and Indonesia is finally reached.

Indonesia and Vietnam have completed their long-negotiated and pending ratification of their maritime boundaries. While this will probably improve maritime…

March 21, 2025

Japan Punches First Ticket to 2026 World Cup

Japan achieved historical first place in World Cup 2026 qualification after beating Bahrain 2-0 at Saitama Stadium. After bringing on…

March 21, 2025

Trump Administration’s Move to Shut Open Technology Fund in China

Lawmakers across parties worry about the Trump administration's decision to stop funding the Open Technology Fund because leading Republicans view…

March 20, 2025