MPIC chairman Manuel V. Pangilinan told reporters the company is looking to acquire the Ayalas' stake in the Light Rail Manila Corp.
(LRMC) to become its majority owner with a 70.8 percent share.
LRMC operates LRT-1, one of the busiest transport options in Metro Manila that will expand to Cavite soon.
Pangilinan said MPIC's acquisition of the Ayalas' interest in LRMC would raise its railway business and fortify its bid for the concession to operate and maintain the Metro Rail Transit Line 3 (MRT-3).
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Esta historia es de la edición February 21, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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