Hankyu Corporation
Hankyu Corporation and JICA to participate in Sumitomo
Corporation-funded Manila LRT Line 1 project in the Philippines ……
Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo, Representative Director, President and CEO: Shingo Ueno, hereinafter referred to as “Sumitomo Corporation”), Hankyu Corporation (Head Office: Osaka City, Osaka Prefecture, Representative Director and President: Yasuo Shimada, hereinafter referred to as “ Hankyu Corporation) and the Japan International Cooperation Agency (Headquarters: Chiyoda-ku, Tokyo, Chairman: Akihiko Tanaka, hereinafter “JICA”) are operating the Manila Light Rail Transit System Line 1 (LRT1), an urban passenger railway in the Manila metropolitan area. ”), and agreed to work together on the operation and maintenance business of Light Rail Manila Corporation (hereinafter “LRMC”), which is indirectly owned by Sumitomo Corporation and is engaged in the operation and maintenance business of LRT Line 1. , signed an agreement with Hankyu Corporation to transfer the property to JICA.
The Philippines boasts one of the highest economic growth rates among ASEAN countries, and its population is expected to continue increasing over the next several decades. On the other hand, the Manila metropolitan area of the country is considered to be one of the most congested cities in the ASEAN countries, and the development of railway infrastructure, including new routes, is progressing with the development of public transportation networks as an urgent issue. Masu. LRT Line 1 is one of the important transportation networks in Metro Manila, with a route length of approximately 20 kilometers.In order to respond to the rapidly increasing transportation demand, LRMC participated in the passenger rail business in 2015, and has We are working to provide high-quality railway operations and expand transportation capacity. The approximately 7-kilometer southern extension is scheduled to open in 2024, and five new stations will be installed. This will greatly improve access from the southern part of Metro Manila, and is expected to further enhance its role as an important transportation infrastructure that supports the development of Metro Manila.
Sumitomo Corporation invested in LRT Line 1 in 2020 and has been working to increase the value of LRMC through initiatives that contribute to stable management of LRMC and support for spare parts procurement. In the future, we will contribute to further increasing the value of the business by collaborating with Hankyu Corporation and JICA, which will be participating as partners.
Hankyu Corporation operates urban transportation and real estate businesses mainly in the Keihanshin area, and will be the first major Japanese private railway to enter the overseas railway business in earnest. In the future, we will also explore collaboration with other businesses of the Hankyu Hanshin Holdings Group in the Philippine market.
JICA has long supported railway development in Metro Manila, primarily through the provision of yen loans and technical cooperation to the Philippine government. In the past, transportation capacity was increased through the yen loan “LRT Line 1 Reinforcement Project (1) and (2),” and currently, the yen loan “Metropolitan Area Mass Passenger Transportation System Expansion Project” is procuring vehicles and depots. We are currently undergoing maintenance. We will contribute to the smooth operation of LRT Line 1 through the good relationship we have cultivated with the Philippine government through our extensive experience.
This project marks Hankyu Corporation and JICA’s first investment in overseas railway operation and maintenance business, and is a project that will support the expansion of high-quality infrastructure projects overseas by Japanese companies.
Sumitomo Corporation, Hankyu Corporation, and JICA will leverage their respective strengths and knowledge to work together with LRMC and other LRMC shareholders to further improve the convenience and safety of LRT Line 1, thereby strengthening the transportation network in Metro Manila. Contribute to It will also contribute to the economic development of the Philippines by improving the living environment and eliminating economic losses by alleviating traffic congestion. -Reference materials-
■Overview of LRT Line 1
Opening year:
1984
Facility owner:
Light Rail Transit Authority under the Philippine Department of Transportation *Operation and maintenance has been carried out by LRMC since 2015. Route:
Approximately 20 kilometers between Fernando Poe Jr. (formerly Roosevelt) Station in Quezon City and Baclaran Station in Pasay City. Number of stations:
20 stations
■LRMC company overview
Formal name:
Light Rail Manila Corporation
location:
philippines pasay city
Shareholders:
Metro Pacific Investments Corporation
AC Infrastructure Holdings Corp.
Macquarie Infrastructure Holdings (PHILIPPINES) Pte. Limited Sumitomo Corporation
Business summary:
LRT-1 operation and maintenance business
[Reference photo] Vehicles testing the southern extension section
[Image 1: https://prtimes.jp/i/5181/428/resize/d5181-428-12295dd638633805e9ee-0.jpg&s3=5181-428-368b8cd0d095ba7c28dc8cab98151d6f-598×450.jpg] ■Route map
[Image 2: https://prtimes.jp/i/5181/428/resize/d5181-428-06a298fed54e1adf810f-1.jpg&s3=5181-428-2e2a548a6e5a25bc202ca87a1949711a-377×450.jpg] Hankyu Corporation http://www.hankyu.co.jp/
Release https://www.hankyu-hanshin.co.jp/release/docs/837eb9cbaaa07a840ed75fff9a7ac161aea16001.pdf Publisher: Hankyu Hanshin Holdings
1-16-1 Shibata, Kita-ku, Osaka City
More details about this release:
https://prtimes.jp/main/html/rd/p/000000428.000005181.html