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AC Infra Stake:
35%
Concession Period:
32 years (awarded in 2014)
Project Grantor :
Light Rail Transport Authority Department of Transportation
Partners:
Metro Pacific Light Rail Corporation,Philippine Investment Alliance for Infrastructure’s Macquarie Infrastructure Holdings (Philippines) PTE Ltd. (MIHPL)
Company Address
Engineering Building, LRTA Compound Andrews Avenue, Pasay City Metro Manila
LRMC engages in the development construction, operation, maintenance, repair, management and other allied businesses involving railways and railroad projects and other transport systems for the private and public sector, including investing,bidding, and negotiating for such projects.
Its joint venture between AC Infra, Metro Pacific Investments Corporation’s Metro Pacific Light Rail Corporation, and the Philippine Investment Alliance for Infrstructure’s Macquarie Infrastructure Holdings (Philippines) PTE Ltd. (MIHPL)
On October 12, 2014, LRMC was awarded the concession to operate and maintain the 20.7km LRT 1—the first light rail line in the Philippines—and to extend the line by 11.7km from Baclaran in Pasay to Bacoor in Cavite by the Department of Transportation and the Light Rail Transit Authority.
Since taking over LRT1 operations and maintenance in September 2015, LRMC has invested over P2 billion to upgrade the system, making the riding experience more reliable and convenient for its 450,000 passengers daily.
The upgrades have resulted to an increase in the number of functioning Light Rail Vehicles (LRVs) from an initial 77 to 110as of March 2018, resulting to shorter headways that averaged 3.35 minutes in December 2017 as compared to 3.61 minutes for the same period in 2016.
Replacement of the 32-year old rails was completed in September 2017. With the new rails, trains can increase speed from 40 kph to 60 kph, further reducing passenger waiting time.
Various technical improvements have reduced the occurrence of air-conditioning faults by 92%, brake faults by 67%, and signaling faults by 81% leading to improved train reliability, lesser trip cancellations, and significantly improved passenger comfort as of end 2017.
In 2017, less than 2 years since assuming responsibility for the line, LRMC has obtained ISO certifications from TÜV Rheinland for Quality Management Systems (ISO 9001:2015) and for Environmental Management Systems (ISO 14001:2015).
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Manuel V. Pangilinan |
Chairman of the BOD |
|
Jaime Augusto Zobel De Ayala |
Vice Chairman of the BOD |
|
Juan F. Alfonso |
Member of the BOD ; President and CEO |
|
Jose Ma. K. Lim |
Member of the BOD |
|
John Eric T. Francia |
Member of the BOD |
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Jose Rene Gregory D. Almendras |
Member of the BOD |
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Michael T. Rodriguez |
Member of the BOD |
|
Jesus P. Franciso |
Member of the BOD |
|
Karim G. Garcia |
Member of the BOD |
|
Maida B. Bruce |
Member of the BOD |
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Norma P. Torres |
Member of the BOD |
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Fatima P. Agbayani |
Chief Finance Officer |
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Rodolfo Chansuyco |
Chief Operating Officer |
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Celso Villavicencio |
Engineering Director |
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Rodrigo Bulario |
Operations Director |
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Valentin Reyes |
HSEQ Director |
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Josette Locara |
Head of Human Resources |
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Philip Miguel I. Ranada |
General Counsel |
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Randy Sac |
Head of Information Technology |
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Rochelle Gamboa |
Corporate Communications Head |