The complaint also alleged that Buri was undercapitalized and did not join any public bidding. The contract, for the MRT-3 maintenance, 43 LRVs or light rail vehicles, general overhaul, and total replacement of the signaling system, was signed between the Transport department and the MRT3 and the Busan JV on January 7, 2016. Busan JV refers to the Busan Transportation Corp., Edison Development and Construction, Tramat Mercantile, Inc., TMICorp Inc. and Castan, Inc. Joint Venture. Poe backs complaintSen. Grace Poe, who led Senate inquiries into the MRT-3 deal, said the complaint had solid basis. The Senate investigation alone has indubitably proved that the award to BURI (Busan Universal Rail Inc.) was anomalous,” she said.

Source: Manila Times October 23, 2017 16:52 UTC