TODAY'S BUSINESS HEADLINES

For 3rd time, bidding for MRT3 maintenance contract deferred

Maynilad, First Pacific scouting for possible projects in Southeast Asia

PSEi slips to 7,268.91 after weak imports data, concern over global economy

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DMCI-Marubeni group promised safety features in MRT 7 - concessionaire

InterAksyon.com means BUSINESS

MANILA – The consortium that won the bid to build the Metro Rail Transit Line 7 will put in place several safety measures for the railway service, according to its concession holder.

“Before, there were no safety measures. Now, the contract includes the installation of shock absorber, anti-bumping, anti-derail. There are many safety features that they have added,” said Ramon S. Ang, president of San Miguel Corp., which owns a 51 percent stake in Universal LRT Corp., holder of rights to develop MRT 7.

Universal LRT last week awarded to the DMCI-Marubeni consortium the contract to build the $1.6 billion elevated railway.

The project would entail building a 22-kilometer train line running from North Avenue to Elliptical Road, Commonwealth Avenue, and Quirino Avenue all the way to San Jose del Monte, Bulacan. MRT 7 would have 14 stations.

The Department of Finance is reviewing the project. “We are prepared to start the project as soon as it’s approved,” said Ang.

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