Phl Gov't starts MRT-3 buyout process

The Aquino administration has started the takeover process of the operator of the Metro Rail Transit Line 3 (MRT-3) along EDSA after successfully awarding the projects to expand the capacity of the mass rail transit system as well as the single ticketing system project.

The Department of Transportation and Communications (DOTC) said the equity value buyout would pave the way for the complete takeover of Metro Rail Transit Corp. (MRTC).

The 17-kilometer MRT-3 from North Ave.in Quezon City to Taft Ave. in Pasay City ferry close to 600,000 passengers a day or way above its original design capacity of 350,000 passengers a day.