5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

LRMC to deploy fourth-generation train set for LRT line 1 by July 20

by
July 19, 2023
in Stock
0
LRMC to deploy fourth-generation train set for LRT line 1 by July 20













PHILIPPINE STAR/KRIZ JOHN ROSALES

LIGHT RAIL TRANSIT Line 1 (LRT-1) private operator Light Rail Manila Corp. (LRMC) is set to deploy the initial fourth-generation train set by July 20.

“LRMC has remained steadfast in upgrading the commuter experience and committed to our mission of delivering safe and efficient transport since we took over the operations in 2015,” said Juan F. Alfonso, president and chief executive officer of LRMC.

“Today marks another significant milestone in modernizing our train infrastructure with the inauguration of our first new generation-4 train,” he said, adding that the launch is a testament to private-public partnership “successfully working for the Filipino people.”

The generation-4 train set has a total capacity of 1,388 passengers per trip and four light rail vehicles (LRVs) per train set have already completed the required series of safety checks, inspections, trial runs with minimum kilometers and acceptance tests.

In the first year of its full operations, the new generation train sets will increase daily ridership to 300,000 from the existing 280,000 a day.

LRMC started receiving in January 2021 the generation-4 train sets, which were manufactured by Mitsubishi Corp. and Construcciones y Auxiliar de Ferrocarriles.

LRMC will initially deploy the first train set on July 20, which will be followed by the deployment of one train set for each succeeding week after.

At present, 20 fourth-generation train sets are in the Philippines, the company said, adding that the remaining 10 train sets are expected to be delivered between November 2023 and February 2024.

The complete deployment of the 30 train sets on the main line is expected by the fourth quarter of 2024 or when the LRT-1 Cavite Extension Project opens.

Department of Transportation Secretary Jaime J. Bautista expects the new train sets to improve the operational efficiency at the LRT-1.

“These new LRVs, purchased at more than P12.8 billion, are equipped with an advanced passenger information system, a new signaling system and ice-cold air-conditioning — leading to a vastly enhanced passenger experience,” Mr. Bautista said.

“The evolution of LRT-1 is not finished. It will continue to upscale in step with advancements in technology,” he added.

The first phase of the LRT-1 Cavite Extension Project, which is a public-private partnership between LRMC and the government, is currently at an 88% completion rate.

The project involves the extension of the existing LRT-1 line by adding another 11.7 kilometers, eight new stations with a provision for two more future stations plus facilities’ works.

LRMC is the joint venture of Ayala Corp., Metro Pacific Light Rail Corp., and Macquarie Infrastructure Holdings (Philippines) Pte. Ltd.

Metro Pacific Light Rail is a unit of Metro Pacific Investments Corp., which is one of three Philippine subsidiaries of Hong Kong’s First Pacific Co. Ltd., the others being PLDT Inc. and Philex Mining Corp.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., maintains interest in BusinessWorld through the Philippine Star Group, which it controls. — Justine Irish D. Tabile

Neil

RELATED ARTICLESMORE FROM AUTHOR



MORE STORIES


Previous Post

Private firms’ gas aggregation plan seen as shield vs LNG price spikes

Next Post

PLDT gets NTC nod for two cable landing stations

Next Post
PLDT gets NTC nod for two cable landing stations

PLDT gets NTC nod for two cable landing stations

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    PPE Medpro legal battle intensifies as civil servant admits approval ‘mistake’ over sterile gowns

    PPE Medpro legal battle intensifies as civil servant admits approval ‘mistake’ over sterile gowns

    June 13, 2025
    You can literally feel Apple’s new ‘F1: The Movie’ trailer starring Brad Pitt

    You can literally feel Apple’s new ‘F1: The Movie’ trailer starring Brad Pitt

    June 13, 2025
    High Court rejects challenge to Labour’s private school VAT policy, dealing blow to parents and schools

    High Court rejects challenge to Labour’s private school VAT policy, dealing blow to parents and schools

    June 13, 2025
    Building great leaders: how Chubb Fire and Safety is redefining leadership from the ground up

    Building great leaders: how Chubb Fire and Safety is redefining leadership from the ground up

    June 13, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.