The Department of Transportation (DOTr) said Thursday it signed agreements with the Asian Development Bank (ADB) to speed up the implementation of priority flagship transport projects.
The agreements for transaction advisory services cover the Metro Rail Transit Line-3 operations and maintenance, Davao Public Transport Modernization Project (DPTMP) operations and maintenance and the Philippine Automatic Fare Collection System (AFCS) project.
DOTr Secretary Jaime Bautista said the agreements are testaments to the existing collaborative relations between the ADB, the Public-Private Partnership (PPP) Center and the DOTr.
“These agreements for ADB transaction services will help us fast-track project structuring towards a better commuting experience, while ensuring these are compliant to global standards,” Bautista said.
He cited the need for MRT Line 3 operations to continue a year before ownership of the rail line is officially turned over to the government.
The DOTr, meanwhile, will determine the best protocols for the operations and maintenance of the DPTMP, which was launched in February 2024.
Bautista said engaging ADB’s technical assistance extends the concession agreement for the AFCS.
“This Davao transport modernization and automatic fare collection projects are major strides in transforming public transport, even when they are still years from completion,” Bautista said.
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