Tuesday, September 2, 2014

Act and Work Together

The contract for building and leasing for the EDSA Rail Transit III, Phase I Project was first awarded in 1992 to a consortium of international sponsors.

Metro Rail, Metro Rail Transit Corporation (MRTC), was later formed for the purpose of designing, constructing, testing, commissioning, and maintaining the whole system of EDSA Rail Transit III.

Metro Rail Transit is a private corporation responsible for the maintenance of the Manila Metro Rail Transit System.

As the original contractor for the MRT-3 project, it runs the MRT-3 in coordination with the Department of Transportation and Communications.

MRTC and the DOTC entered into a build-lease-transfer (BLT) agreement in 1997 to construct and maintain MRT-3.
These past few days MRT-3 became problematic. And the issue about failure to improve was brought to the higher officials for a hearing.

The Court of Appeals (CA) has denied the petition filed by Metro Rail Transit Corp. (MRTC) and MRT Holdings II to stop the Department of Transportation and Communications (DOTC) from acquiring 48 brand new light rail vehicles (LRVs) for the MRT-3.

Many says that it was mismanaged.

MRT is a hot topic in the news and social media.

DOTC started to investigate Metro Rail Transit Corporation.

Since 2000, MRTC has received over P 35.2 billion in equity rental payments.

Despite receiving that amount in equity rental payments from the government over the past 14 years MRTC still fails to buy a single train.

And because of the delay rental payment, MRTC filed an arbitration suit against the Philippines in Singapore.

A case was also filed against the government for awarding a P3.8-billion ($86.7 million) contract to Chinese company CNR Dalian Locomotive & Rolling Stock Company of China to supply of 48 new light rail vehicles for MRT 3. 

DOTC plans to sue Metro Rail Transit Corporation.

The company failed to meet its obligation in overseeing the management of the transportation system.

The board of directors of MRTC have no right to settle with the Philippine Government acknowledge to Equity Value Buy-Out of the MRT-3 System.

They must express consent of at least two-thirds of MRTC’s shareholders pursuant to the provisions of the Corporation Code.

It is not proper for DOTC to acquire railway facilities for MRT.

Many commuters are suffering and they must work together and fix things soon.

Robert John Sobrepena, was Metro Rail's Chairman and CEO, overseeing all aspects of the Project from Financing to Construction and turn over.

DOTC spokesperson Sagcal, said MRTC shareholder Metro Rail Transit Holdings II Inc. should be held accountable for its failure to add much-needed light rail vehicles to the rail line, after it claimed to own 100 percent of MRTC.

There are 500,000 passengers ride the MRT every day and that cannot be accommodated with the present number of trains

It became a problem on MRTC 's part, specially solving all the problems including maintenance at the recent crash accident.

Additional number trains are needed.

They can't buy additional trains because it was disapproved.

The government didn't approve buying of new trains.

Additional reason why is because the government has not been paying its rental fees despite the budget allocated.

BLT Agreement states a minimum of 54 to 60 Light Rail Vehicles (LRVs) comprising 18 to 20 trains with three LRVs each, with an interval of three minutes between trains during peak hours.

MRTC should act and work together with DOTC.

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