Manila Metro Rail Transit Line 7 (MRT-7)

active

The project involves the development of a 22.8 km metro line with 14 stations. The line will run in the northeast direction, traversing Quezon City and a part of North Caloocan in Metro Manila before ending in the city of San Jose del Monte in Bulacan province. MRT-7 is expected to serve two million passengers in the cities of Quezon and Caloocan as well as the province of Bulacan. Universal LRT Corporation (ULC), a subsidiary of San Miguel Corpation, submitted an unsolicited proposal to the Philippine Department of Transportation in 2002, followed by Swiss Challenge process. In January 2008, DOTC announced that the ULC proposal emerged as winner and the contract was signed. San Miguel Corporation acquired a majority stake in Universal LRT Corporation (ULC) in October 2010 but the search for financing options resulted in long delays. The project achieved financial close on 15 February 2016 when Project financing has been provided by Bank of America Merrill Lynch and Standard Chartered Bank. The companies expect to finish construction works by August 2019. As of 10 February 2017 construction is complete at 5.04%. http://www.philstar.com/business/2016/02/17/1553734/mrt-7-track-smc-completes-financial-closure http://infrapppworld.com/project/manila-lrt-7-ppp-project http://ppp.gov.ph/?ppp_projects=mrt-line-7 Build-Gradual Transfer-Operate and Maintain (BGTOM) Investment amount calculated as per FC date