Japanese firm keen on LRT in Cebu City

A JAPANESE consortium wants to conduct a feasibility study on a proposed light rail transit (LRT) for Cebu City.

In a proposed resolution, Councilor Margarita Osmeña wants the City Council to authorize Mayor Tomas Osmeña to sign a memorandum of understanding (MOU) with Tranzen Group Inc. for the feasibility study.

Under the proposed MOU, the conduct of the feasibility study will not entail the City any expenses.

It will not be exclusive, which means that the City can still accommodate other interested investors who will submit their unsolicited proposals for the same mass transport system.

The City will also have to assist the proponent in field survey activities and orderly traffic management, securing data and in coordinating its offices. It will also provide assistance in the consultation of the barangays and stakeholders.

On the other hand, the proponent, under the proposed MOU, will have to prepare the full-blown feasibility study to complete its unsolicited proposal to the City and conduct discussion and evaluation of procurement financing schemes for the project.

On the other hand, the proponent, under the proposed MOU, will have to prepare the full-blown feasibility study to complete its unsolicited proposal to the City and conduct discussion and evaluation of procurement financing schemes for the project.

The City Legal Office has already released a legal opinion endorsing the proposal.

The group will work together with Shimizu Corp. and the Japan and Oriental Consultants and will formed a technical cooperation for the feasibility study.

During the Council discussion last week, Councilor Jose Daluz III wanted to know if the City can secure a copy of the study once it will be completed even it decides not to pursue with their proposal.

Osmeña said it can be negotiated by asking the proponent about it.

Since the councilors wanted to hear more about the proposal, an executive session is set on on Oct. 11 to discuss the matter. (RVC)
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