The travails of the LRT 3

Article Abstract:

Raising finance for the LRT 3, the 16.8-kilometer-long light rail system planned for the Philippines, was a nightmare. Metro Rail Transit Corp. is financing the LRT 3 under the build-lease-transfer system. The LRT 3, the first private sector mass transit project in the history of the Philippines, costs $655 million. Philippine banks are supporting the project due to government guarantees that eliminate risk.

Heavy construction, not elsewhere classified, All Other Heavy Construction, Mass Transit Construction, Infrastructure (Economics), Finance, Philippines, Light rail transit, Project finance

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MTRC pays up to get its bonds done

Article Abstract:

MTRC's recent 10-year bond issue went $250 million over its original $500 million launch amount, and the company maintains that the transaction price was fair.

Asia, Securities prices, Prices and rates, Transportation industry, Securities, Bonds, Bonds (Securities), MTRC

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