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Philippines : QC-ULC sign Agreement for MRT-7
Publish Date : 09-Dec-2016
Quezon City Mayor Herbert M. Bautista and Mr. Ramon Ang, as chairman of Universal LRT Corporation (BVI) Limited, signed a memorandum of agreement that clarified the obligation of the parties with regard to the MRT 7 project. Under the Agreement, the ULC shall implement this project pursuant to and in accordance with the Concession Agreement and consistent with the relevant local laws and policies of the Quezon City Government. Prior to undertaking any implementation activity, ULC committed to securing the requisite approvals, permits and consents of the QC-LGU. The ULC shall faithfully comply with its tax obligations to the QC-LGU as and when they became due, in accordance with relevant laws and regulations, and shall not take any direct or indirect action in contravention of such commitment.
The MRT Line 7 Project is a major mass transportation initiative that aims to alleviate the traffic in Metro Manila, particularly that of going to and coming from Northern Luzon passing through the Quezon City, Caloocan and San Jose Del Monte. This project is expected to bring about significant, positive economic, social, environmental commercial developments in QC, considering that 11 out of the 14 stations are strategically located in Quezon City. MRT-7 contractors have been undertaking soil testing and finalizing the design of the rail line. Coordination is being actively undertaken with the Quezon City Government to ease traffic impact during construction, provide an orderly system for securing all necessary permits, and see to the preservation of as many trees as possible that will be affected during construction. The LGU also wants to make sure that there will be minimal adverse impact on businesses along intersections bypassed by the rail line. Witnessing the signing were Quezon City Administrator Aldrin Cua, Acting Treasurer Ruby Rosa Guevarra, Chief of Staff Jesus Marzan, all of the QC-LGU, and Ms. Cynthia de Castro, a representative of Universal LRT Corporation.
