PH Infradev banking on non-fare revenues to boost profitability 0 SHARES Share it! Share TweetBy Chino S. LeycoListed-firm Philippine Infradev Holdings Inc., the private entity behind the underground railway system in Makati City, is banking on the subway’s non-fare revenues to generate profit for the company. “Our business model is we will generate more non-fare revenues than fare revenues,” Tiu told reporters. If we use the LRT and MRT fare rate per kilometer, we will more or less break even on fare revenue, but the non-fare revenues will give us all the profit,” he added. Last Tuesday, Makati City Mayor Abby Binay and Philippine Infradev Chairman Ren Jinhua signed the joint venture agreement for the $3.5 billion subway project in the country’s premier business location.

Source: Manila Bulletin August 01, 2019 13:52 UTC