Vol. XXI, No. 225 [ BusinessWorld Online ]
Tuesday, June 17, 2008 | MANILA, PHILIPPINES
THE DESIGN and construction of the P5.9-billion Light Rail Transit (LRT) North Extension Project that will connect the LRT 1 and Metro Rail Transit (MRT) 3 lines has been given the go-signal.
DMCI-First Balfour of Consunji-led DMCI Holdings, Inc. and Lopez-owned First Balfour Inc. was awarded the A1, A2 and B packages of the project, totaling P3.6 billion.
"The project duration will be 20 months and will be due for completion on 2010," DMCI said in a statement to the stock exchange.
Negotiations on who will handle Package C of the project, which was declared a failed bid last April, are still ongoing.
The project will feature an elevated viaduct from the LRT’s Monumento station in Manila to the MRT’s North Avenue station in Quezon City. It will also have two new intermediate stations (Balintawak and Roosevelt) and one terminal station (LRT North Avenue station).
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