Billionaire Ramon Ang-led San Miguel Corp. secured a P100-billion loan deal to finance the completion of the MRT Line 7 that aims to link Metro Manila to Bulacan province by 2025. | miguelrcamusINQ /PDI
The MRT 7 is a 22-kilometer elevated railway line that will cut travel time from North Avenue, Quezon City to San Jose del Monte, Bulacan, to an estimated 35 minutes from the current two to three hours.The commuter rail line will have 14 stations: Quezon North Avenue Joint Station; Quezon Memorial Circle; University Avenue; Tandang Sora; Don Antonio; Batasan; Manggahan; Doña Carmen; Regalado; Mindanao Avenue; Quirino; Sacred Heart; Tala; and San Jose del Monte.
SMC added the train system can accommodate 300,000 passengers during its first year of operations. This will go up to 850,000 passengers per day in its 12th year. “SMC’s investments in various infrastructure projects boost the economy as these initiatives facilitate improved connectivity between regions and communities, positively impacting trade, tourism, and overall social integration,” said Eduardo Francisco, president of BDO Capital & Investment Corp., one of the deal arrangers.
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