Receiving the award for LRMC is President and CEO Rogelio Singson (sixth from left). With him are (from left) LRMC Finance Analyst Kurt Yee; RCBC Associate Aldrich Ng; RCBC Capital Vice President Claudine del Rosario; Security Bank First Vice President Yvonne Marcelo; Alpha Southeast Asia CEO and Editor-in-Chief Siddiq Bazarwala; SB Capital Senior Director Joy Supan; Metrobank Senior Vice President Rose Tiamson; FMIC First Vice President Franz Bonoan; LRMC General Counsel Atty. Philip Ranada; and LRMC Business Development Head Janet Bautista.

LRT-1 operator honored for P24-B financing deal

March 5, 2017

Light Rail Manila Corp (LRMC), the operator of Light Rail Transit Line 1 (LRT-1), received the award for Best Project Finance Deal of 2016 in the 10th Annual Alpha Southeast Asia Best Deal and Solution Awards held in Malaysia recently.

LRMC is the joint venture of Metro Pacific Investments Corp’s Metro Pacific Light Rail Corp. and Ayala’s AC Infrastructure Holdings Corp. (AC Infra) and the Philippine Investment Alliance for Infrastructure’s Macquarie Infrastructure Holdings (Philippines) PTE Ltd.

The said award is for the P24-billion loan facility that will finance the LRT-1 Cavite extension project and the other station and service improvement efforts being done by LRMC.

The deal was arranged by SB Capital Investment Corp, First Metro Investment Corp, and RCBC Capital Corp.

“We are grateful for this recognition given to LRMC. This award affirms our commitment to provide the best service for our passengers, and we intend to manifest this through the ongoing and upcoming service improvements in the LRT-1, including the construction of the Cavite extension,” LRMC President and CEO Rogelio Singson said.

LRT-1 operator honored for P24-B financing deal

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