Transportation Undersecretary for Railways Timothy John Batan
SINGAPORE—The Department of Transportation (DOTr) is turning to multilateral-backed financing tools to spruce up its upcoming railway public-private partnership (PPP) projects and attract more private operators and investors.
Transportation Undersecretary for Railways Timothy John Batan said these “new-to-the-Philippines” and “new-to-the-world” guarantee mechanisms would serve as a cushion for proponents vying for several rail projects slated for PPP rollout.
These include the Metro Rail Transit Line 3 (MRT-3) capacity expansion and operations and maintenance (O&M) concession, the Light Rail Transit Line 2 (LRT-2) rehabilitation and O&M project, and the Metro Manila Subway Project O&M contract.
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