After a seven-year delay, construction of the Metro Rail Transit Line 7 (MRT7) can commence after the private concessionaire, San Miguel Corp.’s (SMC) Universal LRT Corp. BVI Ltd (ULC), completed financial closure requirements.
“We have already submitted the required documents to the Department of Transportation and Communications (DOTC) last week, certifying the commitment from us and our banks to provide financing facilities for the project,” ULC Chairman Ramon S. Ang said in a statement on Monday.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.