18 September 2014
President Benigno S. Aquino III witnessed the signing of two agreements for Light Rail Transit Line 1 on the sidelines of the Business Forum held at the Intercontinental Paris Le Grand Hotel Opera Ballroom.
The first is the Technical Services Agreement between RATP Developpement and the Light Rail Manila Consortium for the provision of operation and maintenance, technical advice and expertise relating to the operations and maintenance of the Manila LRT 1 Cavite Extension, Operation and Maintenance Project.
RATP Developpement President Pierre Mongin, Metro Pacific Investments Corporation President/CEO Jose Ma. K. Lim and Ayala Corporation President/COO Fernando Zobel de Ayala were the signatories.
The second is the Engineering, Procurement and Construction Agreement between Bouygues Publics Travaux, Alstom Transport and Light Rail Manila Consortium, for the design and construction of the Manila LRT Line 1 Extension Project extending the line by 12 kilometers and the addition of eight stations.
Alstom Transport President Henri Poupart Lafarge, Bouygues Publics Travaux CEO Christian Gazaignes were the signatories on the French side.
The two agreements were meant to improve and upgrade the rail transport facilities and ridership experience of many Filipinos.