Ayala Corp. (AC) and Metro Pacific Investments Corp. (MPI) have agreed to team up and bid together for light rail infrastructure projects. The two major conglomerates will form a 50/50 partnership to develop rail projects and real estate related to these projects. The first project they will bid on will probably the LRT 1 South Extension Line which costs an estimated PhP62bn. The partnership will form a formidable pair as companies bid for PPP projects. AC’s capital base and property development expertise will complement with MPI’s experience in major infrastructure development and management. For a moment, better to hold first our shares on this company or buy at modest lower price.

Below are the current price movement of this two companies:

The LRT 1 proposed expansion project;

Good Luck & Good Bless Kabayan...!

source: Philstock, http://business.inquirer.net/55489/metro-pacific-ayala-to-jointly-pursue-lrt-projects-2,