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The Asian Development Bank (ADB) has pushed back its planned approval of a co-financed $500-million, or roughly ₱31.37-billion, loan for Metro Rail Transit Line 4 (MRT-4) to 2030, four years later than originally scheduled.

In a project data sheet (PDS) updated last Tuesday, Oct. 6, the Manila-based multilateral lender said it is targeting to approve financing for MRT-4 by March 29, 2030, more than eight years after the project was first added to the ADB’s loan pipeline.

The ADB will source $300 million of the loan from its ordinary capital resources (OCR), while the Beijing-based Asian Infrastructure Investment Bank (AIIB) will cover the remaining $200 million.

The $500-million loan program is expected to cover only the first tranche of the financing required by the Department of Transportation (DOTr) to support the development of the railway project.

The latest approval timeline for the financing is four years behind the ADB’s original schedule of the third quarter of this year, raising uncertainty over whether the project can still meet its earlier construction timetable.

The ADB earlier said construction of MRT-4 was planned to begin in the second quarter of 2027 and run until the first quarter of 2031, followed by full operations in the fourth quarter of the same year.

To secure a loan facility from the ADB and the AIIB, the DOTr earlier introduced a resettlement framework in the form of transit-oriented development (TOD) to ensure economic benefits for those affected by the project.

출처 : Korea IT Times(https://www.koreaittimes.com)

Korea Railroad Corporation (KORAIL) is expanding its role in the Philippines’ Metro Rail Transit Line 7 (MRT-7) project from operations and maintenance to the procurement of maintenance parts, creating new opportunities for Korean railway suppliers to enter the Philippine market.

KORAIL said on Sept. 30 that it has secured an additional contract to provide procurement consulting services for MRT-7 maintenance parts.

The contract follows an approximately 120 billion won operations and maintenance (O&M) agreement signed with Philippine conglomerate San Miguel Group in April last year.

MRT-7 is an urban railway line being developed by San Miguel in Metro Manila. Under the new contract, KORAIL will support the establishment of a maintenance-parts procurement system needed for the railway’s operations after opening.

Building a Procurement System for the First Three Years

KORAIL will provide consulting services during the first three years of MRT-7 operations, helping San Miguel establish a structured procurement system and strengthen its own sourcing capabilities.

The project will cover the full procurement process, including purchasing plans, technical specification reviews, supplier identification, quotation and contract reviews, pre-shipment inspections, local inspections and technical consulting.

A stable supply of maintenance parts is essential for long-term railway operations, particularly across rolling stock, electrical and mechanical systems.

San Miguel plans to purchase maintenance parts from domestic and international suppliers throughout its 25-year operation of MRT-7. In the second half of this year, it plans to pursue approximately $4 million worth of procurement contracts involving around 20 suppliers.

Opening Opportunities for Korean Rail Suppliers

The project is also expected to provide Korean railway parts manufacturers with a direct route into the Philippine rail market.

KORAIL plans to identify qualified Korean suppliers and connect them with San Miguel, supporting their participation in the MRT-7 maintenance supply chain.

In July, KORAIL held an MRT-7 maintenance procurement briefing attended by more than 30 Korean railway parts companies. The event included one-on-one business meetings between Korean suppliers and San Miguel executives.

KORAIL will continue to support Korean companies throughout the procurement process, including quotation and contract reviews as well as quality inspections of manufactured parts.

Expanding Overseas Rail Business Beyond O&M

The additional contract broadens KORAIL’s overseas railway business beyond traditional operations and maintenance into procurement and supply-chain management.

The model could also create longer-term export opportunities for Korean railway companies. Overseas rail projects generate recurring demand for replacement and maintenance parts over decades of operation, allowing Korean suppliers to participate beyond the initial construction phase.

“This contract expands our involvement in Manila MRT-7 from operations and maintenance into procurement while supporting Korean railway companies in entering overseas markets,” KORAIL President Kim Tae-seung said. “We will use our expertise in railway operations and maintenance to create more export opportunities and broaden overseas sales channels for Korean companies.”

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SOURCE (Bilyonaryo)

Bilyonaryo entertainer Willie Revillame has bought back WilMall, the prime Quezon City commercial property he sold to the Villar group more than a decade ago, bringing an asset closely tied to the height of his television career back under his control.

Babbler learned that the Villar group had put the four-story mall, part of the Wil Tower complex across from the ABS-CBN headquarters, up for sale for more than ₱1 billion. Revillame agreed to buy back the property for an undisclosed amount.

Revillame is now building a studio inside WilMall, either for his own use or for lease.

SOURCE (Bilyonaryo)

If agreed to by the remaining Lopez factions (ex-Piki), RSA will become the majority owner of key PH infra and power companies:

CONSTRUCTION: First Balfour, First Philippine Industrial Corporation.
POWER: First Gen Corporation, Energy Development Corporation.

San Miguel Corp. chairman Ramon Ang is reportedly closing in on control of the Lopez family’s main holding company, with talks under way for a share purchase that would take his ownership of Lopez Inc to roughly 71%.

Mergermarket reported, citing two sources familiar with the matter, that the heirs of Manolo Lopez and Presy Lopez Psinakis are nearing an agreement to sell their combined 45.3% holding to Ang.

If completed, the transaction would add to the 25.7% stake Ang recently acquired from Crème Investment, the investment vehicle of the family branch led by Eugenio “Gabby” Lopez III.

Mergermarket, citing sources, said Ang would finance the purchase using personal funds rather than San Miguel’s resources.

A change in control could also trigger a reshaping of parts of the Lopez business empire. One source cited by Mergermarket said Ang.

Piki and other remaining shareholders could consider restructuring assets including power producer First Gen Corp. and geothermal company Energy Development Corp.

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𝘋𝘖𝘛𝘳 𝘵𝘰 𝘦𝘹𝘱𝘦𝘥𝘪𝘵𝘦 𝘤𝘰𝘯𝘴𝘵𝘳𝘶𝘤𝘵𝘪𝘰𝘯 𝘰𝘧 𝘱𝘳𝘰𝘫𝘦𝘤𝘵, 𝘚𝘦𝘤. 𝘓𝘰𝘱𝘦𝘻 𝘢𝘴𝘴𝘶𝘳𝘦𝘴

The expansion for the LRT-1 South (Cavite) Extension Project continues to gain traction after the Light Rail Transit Authority (LRTA) secured with the Villar Group the donation of right-of-way for the construction of the Las Piñas Station.

President Ferdinand Marcos Jr. has ordered the Department of Transportation (DOTr) to clear right-of-way hurdles for the construction and to expedite big-ticket mass transport systems.

Transportation Secretary Banoy Lopez expressed gratitude to the Villar Group and assured commuters that the DOTr will speed up the construction of the LRT-1 Cavite Extension project to ease the daily lives of commuters in the southern metropolis.

#DOTrPH
#BagongPilipinas

SOURCE (g3rick_official)

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SUMMARY:

• Megawide subsidiary Megawide Terminals Inc. (MTI) submitted an unsolicited ₱3.5-billion proposal to build and operate the Quezon City Integrated Terminal Exchange. This transport hub could rival or surpass the size of the Parañaque Integrated Terminal Exchange (PITX).
• The terminal will be built on a three-hectare GSIS property located at the corner of Elliptical Road and Commonwealth Avenue in Quezon City and is positioned to directly complement the under-construction MRT-7, specifically targeting the Quezon Memorial Circle and University Avenue stations.
• The hub will initially serve an estimated 58,000 passengers travelling to/from northern Metro Manila, Rizal, and Bulacan, and will include nearly 25,000 square meters of leasable office space for government agencies.
• MTI plans to use a hybrid build-operate-transfer and build-lease-transfer scheme. If approved by GSIS, MTI will receive Original Proponent Status (OPS), giving it the right to match competing bids during a Swiss challenge.

SOURCE (Pics by Sky Kankaloo)

SOURCE (Pics by Sky Kankaloo)

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Matagumpay na na-relocate ngayong araw (Sept. 2–3, 2026) ang natitirang 11 pamilya o 55 na indibidwal galing sa Brgy.185 (Ascoville) na apektado ng infrastructure project ng MRT-7 tungo sa Camarin Residences sa full support ng ating Mayor Along Malapitan ❤️💚 ,katuwang ang Housing and Resettlement Office (HARO), National Housing Authority (NHA), DOTr, SMC, Barangay 185 officials, GSD, CCSWD at lahat ng katuwang na mga ahensya. 

​#HAROInAction
#HAROCares
#AksyonAtMalasakit

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Muntik na palang pondohan ng NG/DOTr next year yung proposed LRT-1 NOMO Station.

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Muntik na palang pondohan ng NG/DOTr next year yung proposed LRT-1 NOMO Station.