DOTr, Land Bank partner to pay P3.6-B obligations to LRMC

MANILA, Philippines — The Department of Transportation (DOTr) and the Light Rail Transit Authority (LRTA) have partnered with the state-run bank Land Bank of the Philippines to settle unpaid obligations with Light Rail Manila Corporation (LRMC), the private operator of the LRT-1.

In a press release on Tuesday, the DOTr said that under the credit ...