Alstom and others signal interest in Philippine NSCR operations contract
What happened
Acting Transportation Secretary Giovanni Z. Lopez stated that the Department of Transportation plans to auction the operations and maintenance contracts for the Metro Rail Transit Line 3 and the North-South Commuter Railway by the first quarter of next year. Alstom, a French rolling stock manufacturer, and Keolis SA have signified interest in the NSCR O&M contract. The Department of Transportation is currently engaging with potential bidders as part of market sounding activities.
From bworldonline.com
Why it matters
The auctioning of major national rail contracts attracts foreign capital and drives local economic activity in the Philippines. The Department of Transportation is conducting market sounding to draft terms of reference that are reasonable for all parties involved.
The Senate and House are reviewing funding for JICA-financed infrastructure projects, including the Metro Manila Subway and the NSCR.
From bworldonline.com
Who's involved
- AlstomFrench rolling stock manufacturer that has signified interest in the NSCR O&M contract.
- Giovanni Z. LopezActing Transportation Secretary representing the transport authority in the Philippines.
- PhilippinesThe country where the major rail contracts are being auctioned.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- AlstomSpeculative
Alstom could gain direct competitive opportunity via the NSCR O&M contract auction, potentially increasing revenue.
- PhilippinesSpeculative
The Philippines may attract foreign capital as the government auctions major national rail contracts.
- Department of FinanceSpeculative
The Department of Finance may face impacts on national fiscal planning and debt due to government commitment to major infrastructure spending.
Keep exploring
The entities involved
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Alstom
French rolling stock manufacturer
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Philippines
archipelagic country in Southeast Asia