Infrastructure conglomerate Metro Pacific Investments Corp. renewed its interest in Metro Rail Transit Line 3. MPIC chairman and president Manuel
Infrastructure conglomerate Metro Pacific Investments Corp. renewed its interest in Metro Rail Transit Line 3.
MPIC in 2011 offered to buy out Land Bank of the Philippines and Development Bank of the Philippines in MRT 3 for $1.1 billion. Pangilinan said the partnership would pave the way for diverse initiatives including developing rolling stock refurbishment projects in the Philippines and exploration of cable car systems for tourism and urban transport.
Both parties are also exploring the possibility of setting up cable cars in Metro Manila and other parts of the country including Baguio, Tagaytay and Antipolo.
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