Government clears $1 million for Cavite LRT-1 contract restructuring
The government approved $1 million in technical assistance to support the restructuring of the concession agreement for the Manila Light Rail Transit Line 1 (LRT-1) Extension, the Public-Private Partnership (PPP) Center said.
The PPP Center’s funding committee approved the Department of Transportation’s (DOTr) request on Oct. 23 to hire transaction advisers who would assist in negotiations with private operator Light Rail Manila Corp. (LRMC).
The advisers were expected to review proposed contract changes to ensure that the revised terms would be financially sustainable and legally acceptable for the government and the state-run Light Rail Transit Authority.
LRMC and the government agencies would share the advisory expenses equally.
In its second Philippine edition, the Michelin Guide recognized 19 new food establishments across Manila, Cebu, Pampanga and Cavite, bringing the total number of recognized establishments this year to 127.
The new additions across the four areas were recognized by the culinary guide for their outstanding food and distinct culinary identity.
19 more restaurants across Manila, Cebu, Pampanga and Cavite receive Michelin Guide recognition
Indang receives major recognition from DILG
PDRF seeks private sector support to address water security risks
October inflation seen accelerating to 7.6 percent
