MANILA, Philippines — Taking his cue from President Rodrigo Duterte, a party-list lawmaker allied with the administration on Monday sought a probe on the alleged “lopsided” concession agreement between the government and the Light Rail Management Corporation (LRMC), which manages the Light Rail Transit Line 1 (LRT-1). Anti-Crime and Terrorism Community Involvement and Support (ACT-CIS) partylist Eric Yap filed House Resolution No. 467 which urges the appropriate House Committees to conduct an inquiry on the concession agreement. ADVERTISEMENTIn his two-page resolution, Yap said that while the agreement will cover a 32-year period, the Gross Revenue Amount reported by LRMC in just four years appeared to be bigger than the Project Concession Fee. “[This] may indicate an unjust and inequitable terms that may put the financial burden of the agreement to the government,” the resolution read.

Source: Philippine Daily Inquirer January 20, 2020 10:41 UTC