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Conglomerate Ayala Corp is re-evaluating plans to sell its stake in Light Railway Manila Corp. , the operator of Light Railway Transit Line 1.
Aside from the upgrades being made on LRT line 1, Lim said Ayala Corp. also expressed support to the planned mall developments in various stations along LRT Line 1 from Monument to Baclaran. The conglomerate earlier sold its stake in toll road to the Villar family, its water business to Razon group. It is also existing coal-fired power plants as part of its transition to a lower carbon portfolio.
LRMC is joint venture company of Metro Pacific Investments Corp. Metro Pacific Light Rail Corp. , Ayala Corp.’s AC Infrastructure Holdings Corp. , Sumitomo Corp. and the Philippine Investment Alliance for Infrastructure’s Macquarie Investments Holdings Pte. Ltd.
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