February, 2017 - Metro Manila, Philippines
Philippines: LRMC’s Php24-B Financing for LRT1 Cavite Extension wins 2016 Best Project Finance Deal in SE Asia
Light Rail Manila Corporation’s (LRMC) PHP 24 billion project financing was recognized as the Best Project Finance Deal of 2016 in Southeast Asia at the 10th Annual Alpha Southeast Asia Best Deal and Solution Awards. The 15-year loan facility will finance the operations and maintenance of the existing Light Rail Transit Line 1 (LRT1) system and the construction of an 11.7-km extension from the present end-point at Baclaran to the Niog area in Bacoor, Cavite, which will result in a total of eight new stations. SyCip Salazar Hernandez & Gatmaitan (SyCipLaw) acted as counsel to LRMC. Read more information on this transaction at www.syciplaw.com/news/articles/fa/158.