MANILA, Philippines – Officials of Tokyo Metro Co., Ltd., operator of one of the world-class and busiest trains in the world, has lauded Light Rail Manila Corporation (LRMC) for “doing well to improve and maintain one of Metro Manila’s major transport, LRT-1.”
“We clearly see why LRT-1 has improved so much in such a short period of time, and under the stewardship of this present team, we believe things will only get better for LRT-1,” Takahiro Tanisaka, Senior Manager for International Relations of Tokyo Metro shared following a site tour of the LRT-1 system. He added: “From what we observed, the men and women that presently run the company are competent and well-trained employees, and we admire their spirit and enthusiasm in the pursuit of Biyaheng Better Everyday.”
Tokyo Metro Co., Ltd., a stock company under privatization currently owned by the Japanese government and the Tokyo metropolitan government, operates Tokyo Metro, a rapid transit system in Tokyo, Japan. It is one of the busiest metro transit in the world with an average daily ridership of 7.42 million passengers.
Since assuming operations in 2015, LRMC has embarked on significant improvements amounting to P7.5 billion, including replacement of 26 kilometers of rails, station improvement, and rehabilitation of trains. These improvements have resulted in increased train availability at 109 cars as of end-March 2018 vs 100 in March 2017, more trips from 505 in March 2017 to 554 trips in March 2018, zero failure notice on train availability, punctuality and reliability KPIs. Daily average passenger volume increased four percent year on year in Q1 daily ridership to 459,400 passengers.
LRMC is a joint venture company of Metro Pacific Investments Corporation’s Metro Pacific Light Rail Corporation (MPLRC), Ayala Corporation’s AC Infrastructure Holdings Corporation (AC Infra), and the Philippine Investment Alliance for Infrastructure’s Macquarie Infrastructure Holdings (Philippines) PTE Ltd. (MIHPL)