TODAY'S EDITORIAL: MRT-3 privatization is a sensible idea
NEWS has emerged over the past week that the Department of Transportation is considering the sale of the Metro Rail Transit Line 3 once the build, lease and transfer agreement with the Sobrepeña-led Metro Rail Transit Corp. expires in 2025. Although privatization of any public service can be problematic, shaking off what has become a millstone around the government's neck is the best course of action in this case.
, the operator of LRT-1, are currently embroiled in an arbitration case over a rejected fare hike request. Those kinds of issues are not unavoidable, however, and shouldn't invalidate the idea of privatization.As things now stand, the DoTr has said that it is simply assessing various directions by which privatization could proceed, and engaging in discussions with stakeholders.
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