The Union Cabinet of the Philippines has approved a plan to take over the full ownership of the MRT line 3 through a buy-out of privately and publicly held bonds estimated to be worth PhP 40.79 billion. The state-run Development Bank of the Philippines and Land Bank of the Philippines, as well as a few other private corporations, currently hold the bonds. Once the government takes full control of the MRT, it would not need to seek the consent of private parties to expand its capacity. The government’s ultimate aim is to privatise the system’s operations and maintenance under its PPP programme.