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No offer from Sumitomo to rehabilitate MRT, DOTr clarifies

Metro Rail Transit (MRT)-3 builder and former maintenance provider Sumitomo Corp. has no offer to the government to rehabilitate the overstretched rail system, the Department of Transportation said......»»

Category: financeSource: philstar philstarJun 14th, 2018

Why is P17-B MRT rehab double Sumitomo’s offer?

Transport Sec. Arthur Tugade must explain. Why is he borrowing P17 billion from Japan to rehabilitate the MRT-3 commuter railway? That’s despite Japanese giant Sumitomo Corp.’s offer of only P7.5 billion – nearly P10 billion less – to do the work......»»

Category: newsSource:  philstarRelated NewsMay 23rd, 2018

2 regional airport projects advance

Two unsolicited airport proposals worth almost P53 billion have been allowed to advance for further approval, the Department of Transportation announced on Tuesday.   The DOTr said in a statement that businessman Dennis Uy's Chelsea Logistics Holdings Corp., which made a P49-billion unsolicited offer for the Davao International Airport, was awarded an original proponent status (OPS). Mega 7 Construction Corp. also won an OPS for its P3.8-billion proposal for the Kalibo International Airport, the DOTr announced. Both offered to operate, maintain and further develop the respective airports through a 30-year concession period.   Swiss challenge The OPS was awarded t...Keep on reading: 2 regional airport projects advance.....»»

Category: newsSource:  inquirerRelated News5 hr. 33 min. ago

Gov t changes mind on MRT 3 rehab

The Department of Transportation (DOTr) appears to have set aside the unsolicited proposal of Metro Pacific Investments Corp. to rehabilitate and operate the busy Metro Rail Transit Line 3 that run.....»»

Category: newsSource:  philippinetimesRelated NewsOct 23rd, 2018

Sumitomo back in MRT-3 rehab deal

The Department of Transportation (DOTr) intends to finalize a deal to bring back Japan’s Sumitomo Corp. for the rehabilitation of the MRT-3 before the year ends after the original target schedule for the signing of agreements has been pushed back......»»

Category: financeSource:  philstarRelated NewsOct 9th, 2018

Issues with Dalian trains delaying new MRT-3 maintenance agreement

THE Department of Transportation (DoTr) said issues with Chinese commuter trains ordered from CRRC Dalian Co trains are delaying the signing of maintenance deal with Sumitomo Corp. and Mitsubishi Heavy Industries, Ltd. (Sumitomo-MHI) for Metro Rail Transit Line 3 (MRT-3). The post Issues with Dalian trains delaying new MRT-3 maintenance agreement appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsOct 7th, 2018

DOTr, LTFRB laments court decision to allow Angkas to resume operations

The Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB) expressed sadness over the decision of the Mandaluyong City Regional Trial Court to allow motorcycle ride-haling company Angkas to resume its operations. In a joint statement on Thursday, the DOTr and LTFRB described Angkas as "colorum" vehicles interested only in making a profit and not the safety of its passengers. "Our position is that motorcycles registered in the service are not authorized to conduct business and offer public transport under Republic Act 4136. For them to be allowed, the law has to be amended by Congress," the DOTr and LTFRB said. "If Angkas is to co...Keep on reading: DOTr, LTFRB laments court decision to allow Angkas to resume operations.....»»

Category: newsSource:  inquirerRelated NewsSep 6th, 2018

Palace clarifies DU30’s P5M ‘ninja cop’ offer

When President Rodrigo Duterte said that he would give P5 million for a dead rogue cop, he probably did not mean actually killing a police officer accused of criminal activity, according to Presidential Spokesperson Harry Roque. “Ang pagkakaintindi ko po reward money ‘yun para sa magbibigay ng impormasyon sa ninja….....»»

Category: newsSource:  journalRelated NewsAug 19th, 2018

Full rehabilitation of MRT-3 seen in 2-3 years

The Department of Transportation is looking to fully rehabilitate the MRT-3 in two to three years as it looks to secure and finalize not later than September a deal to bring back former maintenance provider Sumitomo Corp......»»

Category: financeSource:  philstarRelated NewsAug 18th, 2018

Transport dept favors ‘super’ consortium offer

Airport authority to decide on grant of original proponent status – Tugade CLARK, PAMPANGA: The Transportation department has recommended the grant of original proponent status to a so-called “super” consortium that has proposed to rehabilitate and upgrade the Ninoy Aquino International Airport (NAIA). “Mayroon na pong decision at papel na ginawa yung planning namin kung [...] The post Transport dept favors ‘super’ consortium offer appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 18th, 2018

DOTr OKs original proponent status for NAIA Consortium

The group of the country’s seven conglomerates which offered to rehabilitate the Ninoy Aquino International Airport is poised to secure original proponent status for its proposal following a recommendation made by the Department of Transportation......»»

Category: financeSource:  philstarRelated NewsJul 17th, 2018

DoTr recommends to MIAA award of OPS to NAIA rehab consortium

THE MANILA International Airport Authority (MIAA) has received a recommendation from the Department of Transportation (DoTr) to accept the unsolicited proposal of the consortium of seven conglomerates to rehabilitate the Ninoy Aquino International Airport (NAIA)......»»

Category: newsSource:  bworldonlineRelated NewsJul 17th, 2018

Transport dept favors ‘super’ consortium offer

Airport authority to decide on grant of original proponent status – Tugade CLARK, PAMPANGA: The Transportation department has recommended the grant of original proponent status to a so-called “super” consortium that has proposed to rehabilitate and upgrade the Ninoy Aquino International Airport (NAIA). “Mayroon na pong decision at papel na ginawa yung planning namin kung… link: Transport dept favors ‘super’ consortium offer.....»»

Category: newsSource:  manilainformerRelated NewsJul 17th, 2018

Japan s Sumitomo set to return as MRT3 maintenance provider

TARLAC, Philippines – Japan's Sumitomo-Mitsubishi Heavy Industries, Ltd. (MHI) takes over this month as new maintenance provider Metro Rail Transit Line 3 (MRT3) Department of Transportation (DOTr) Secretary Arthur Tugade said on Wednesday, July 4. In a press briefing at the site of the New Clark City in Capas, Tarlac, Tugade said that Japanese ........»»

Category: newsSource:  rapplerRelated NewsJul 4th, 2018

Japanese banks support samurai bond offer – DoF

The government’s planned issuance of $1-billion worth of samurai bonds has earned the support of Japan’s leading financial institutions, the Finance department said on Wednesday. In a statement, the Finance department said top officials of Mitsubishi UFJ Financial Group, Nomura Holdings Inc., Mizuho Bank Ltd., Sumitomo Mitsui Banking Corp. (SMBC) and Daiwa Securities Group Inc. [...] The post Japanese banks support samurai bond offer – DoF appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 20th, 2018

MRT-3 rehab: DOTr extols P17-B loan; still no details

The Dept. of Transport sent a lengthy reply to my May 23 piece, “Why Is P17-B MRT-3 Rehab Double Sumitomo’s Offer?”.....»»

Category: newsSource:  philstarRelated NewsJun 17th, 2018

MRT 3 rehab proposal seen moving forward at year-end

The proposal of Metro Pacific Investments Corp. (MPIC) to rehabilitate the Metro Rail Transit Line 3 (MRT-3) along Edsa is expected to move forward by the end of the year, after issues on the maintenance and operation of the railway and Dalian trains have been addressed, according to the Department of Transportation (DOTr)......»»

Category: financeSource:  philstarRelated NewsJun 10th, 2018

DOTr to act on NAIA Consortium rehab proposal within 2 weeks

The Department of Transportation may decide within two weeks if it would grant original proponent status to the group of seven conglomerates which offered to rehabilitate the Ninoy Aquino International Airport......»»

Category: financeSource:  philstarRelated NewsMay 24th, 2018

DoTr may green-light consortium’s NAIA rehabilitation plan in two weeks

THE Department of Transportation (DoTr) may grant within the next two weeks the original proponent status (OPS) to the consortium seeking to rehabilitate the Ninoy Aquino International Airport (NAIA). Transportation Secretary Arthur P. Tugade said the department has already received the revised proposal from the so-called “super consortium,” composed of the country’s seven biggest conglomerates. […] The post DoTr may green-light consortium’s NAIA rehabilitation plan in two weeks appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 24th, 2018

NAIA consortium may secure OPS for airport rehab project in two weeks — Tugade

The Department of Transportation (DOTr) is eyeing to grant in two weeks the original proponent status (OPS) to the consortium of seven conglomerates seeking to rehabilitate the Ninoy Aquino International Airport (NAIA). Transportation Secretary Arthur P. Tugade told reporters in a forum at Manila Marriott Hotel in Pasay City that they have received the revised […] The post NAIA consortium may secure OPS for airport rehab project in two weeks — Tugade appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 24th, 2018

NAIA consortium says shorter concession may rule out 3rd runway

THE consortium seeking to rehabilitate Ninoy Aquino International Airport (NAIA) will submit to the Department of Transportation (DoTr) by early May a revised proposal to accommodate a shorter concession period, which may rule out the construction of a third runway. NAIA consortium spokesperson Jose Emmanuel F. Reverente said that the DoTr has asked the group […] The post NAIA consortium says shorter concession may rule out 3rd runway appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 25th, 2018