The Light Rail Manila Corporation (LRMC) has signed a PhP 24-billion 15-year Omnibus Loan and Security Agreement with the Metropolitan Bank and Trust Company (Metrobank), Security Bank Corporation and Rizal Commercial Banking Corporation to construct the LRT-1 Cavite extension and rehabilitate the existing LRT-1 line. Of the total amount, PhP 15.3 billion has been allocated for the extension and the remaining for the rehabilitation of the line. LRMC is a joint venture (JV) of the Metro Pacific Investments Corporation’s Metro Pacific Light Rail Corporation, Ayala Corporation’s AC Infrastructure Holdings Corporation, and the Philippine Investment Alliance for Infrastructure’s Macquarie Infrastructure Holdings (Philippines) Pte Limited.
