MRT, LRT privatization won’t prevent fare hike
May 10, 2011
PRIVATIZING Manila’s train lines might not prevent fare increase, a senator said Sunday.
Senator Ralph Recto, chairman of the Senate committee on ways and means, said the P15-billion project to privatize the Metro Rail Transit (MRT) and Light Rail Transit (LRT) lines will not necessarily mean better service for commuters.
“We will pay them P15 billion to operate the rail lines plus, perhaps, they would avail of tax holidays, cheap loans from state banks, and an almost sure option to jack up fare prices,” Recto explained.
He added that the government should let the public know that the deal will not bring in money for the government.
“The people, before any translation is lost, should be informed that the P15 billion price tag for the bundled MRT-LRT privatization is the amount that government will pay the winning bidder, not the amount it would earn from the transaction,” he said.
The lawmaker said that under the proposed operate-and-maintain contract, the winning bidder will not be “obligated to pour in new money in terms of additional rolling stocks or coaches and rail infrastructure.”
Recto has been calling for more coaches so the lines can accommodate more commuters. He said higher passenger volume will pay for the expense of buying new trains and coaches.
He said that the MRT line carries around 150,000 passengers less than it was supposed to and that the shortfall in revenue means yearly government subsidies of around P7 billion.
He said that public-private partnerships like the privatization of the train lines should result in cheaper and better service, otherwise, “if that happens all the time, the people will not support it and they will get angry.” (Jonathan de Santos/Sunnex)
Source: http://www.sunstar.com.ph/manila/local-news/2011/05/09/mrt-lrt-privatization-wont-prevent-fare-hike-154348
As Manila becomes more congested and pollution becomes frustratingly intolerable, many families opt to spend a few quality nights and relax in this hotel in Angeles City Clark Pampanga. After a hectic day of shopping in Clark Pampanga, visitors seldom pass up the opportunity to wine and dine at this top rated restaurant, generally regarded as the best place to eat and drink outside of Manila.
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(045) 599-5600
0922-870-5178
0917-520-4401
Ask for Pedro and Rechel
Getting to this fine dining restaurant of Angeles City Clark Freeport Zone Pampanga Philippines
How to get to this fine-dining restaurant in Clark Philippines? Once you get to Clark Freeport, go straight until you hit Mimosa. After you enter Mimosa, stay on the left on Mimosa Drive, go past the Holiday Inn and Yats Restaurant (green top, independent 1-storey structure) is on your left. Just past the Yats Restaurant is the London Pub.
Yats Restaurant & Wine Bar
Mimosa Drive past Holiday Inn, Mimosa Leisure Estate,
Clark Freeport Zone, Pampanga, Philippines 2023
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3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay
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