Ms sect c 20161204 sunday

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Business

SUNDAY, DECEMBER 4, 2016 Ray S. Eñano, Editor / Roderick dela Cruz, Issue Editor business@thestandard.com.ph

GLOBAL FILIPINO EXECUTIVE OF 2016

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Shell companies in the Philippines country chairman Ed Chua

RESTORATION.

Metro Rail Transit Line 3 officer-in-charge Deo Leo Manalo at MRT 3 depot in Quezon City

MRT ENGINEERS ROLL OUT 22 TRAINS

M

etro Rail Transit Line 3 has reached the maximum number of operational trains for the first time in four years, allowing the system to serve more passengers, reduce the queues and lift its revenues.

Busan Universal Rail Inc., a Filipino-Korean joint venture that won the maintenance contract in January, already restored nine Czech-made trains, bringing the total sets in operation to 22 by the end of November, from just 13 last year. The system has a maximum capacity of 20 trains. “By giving the public more trains, I think we are serving more passengers. Middle of November, we were averaging 470,000 passengers. That was 25 percent increase since January,” MRT 3 officer-in-charge Deo Leo Manalo says in an interview in Quezon City. “Our income grew this year. We were hitting P2.3 billion as of October alone, matching the fullyear figure of P2.3 billion in 2015. That was more than 20 percent up. It is because we have more trains running this year,” says Manalo. Data show that the daily average number of passenger trips at MRT 3 increased from 372,020 in January to 461,564 in October. Highest recorded ridership within a month also climbed from 415,819 on Jan. 22 to 509,492 on Nov. 18. MRT 3, a 16.9-kilometer light rail completed along Edsa 17 years ago, remains Metro Manila’s most vital mass transit system, as it ferries half a million passengers each day between the northern and southern parts of the metropolis, including employees bound for the major commercial business districts in Ortigas, Makati and Fort Bonifacio. About 2,000 people are in charge of operating and maintaining Line 3, including 600 security guards,

440 maintenance technicians, 250 janitorial staff, 100 train drivers and hundreds of cashiers and administration and operations employees. “ We ser ve Edsa which is the main corridor of Metro Manila. We cover all the CBDs—from Nor th. Ave., Cubao, Ortigas, Mak ati, For t Bonifacio all the way to MOA [Mall of Asia]. So easily, we serve the most number of passengers at 500,000,” says Manalo, who led the feasibility study for MRT expansion project in 2012. “We have to keep it operational by all means. But we don’t want to sacrifice safety. MRT 3 has the highest safety standards among light rail systems in the country,” says Manalo, who lived in Tokyo for four years when he regularly took the train on the way to work. Ensuring that MRT 3 runs smoothly through 13 stations from North Ave. in Quezon City to Taft Ave. in Pasay City is Busan Universal Rail Inc. which won the three-year maintenance contract, starting January 2016, for P3.8 billion. “It is a day-to-day, hour-to-hour, moment-to-moment maintenance. Maintenance is a 24-hour roundthe-clock activity,” says Eugene Rapanut, managing director of the

joint venture company. A team of Korean engineers from Busan Transport Corp. is in the country to help Filipino engineers and technicians maintain the MRT 3 system and overhaul 43 of the 73 Czech-made light rail vehicles. Last year, only 13 of the 24 trains were in running condition, limiting the capacity of the system to serve passengers and resulting in hour-long queues at MRT stations. Manalo says things improved this year. From only 13 trains, each with three cars, in January 2016, the Busan joint venture was able to increase the number of operational trains to 22 as of endNovember. “Now, we are running 20 trains during peak hours. We h ave t wo trains in reserve. And we have two trains under general overhaul,” Manalo says. “Surprisingly today [Dec. 2] which is a Friday, there were no queues at North Ave.” “Yes, things improved in terms of more trains and reliability. Reliabilit y has significantly improved in November. There was a large drop in removals or technical problems. But we are still not perfect. We have to address several things,” he says. Busan Universal Rail expects to deploy two more trains by the first quarter of 2017, bringing the total number of operational trains to 24, consisting of 72 light rail vehicles. Busan Universal Rail Inc. is a joint venture of Busan Transport Corp. which is owned by the Korean city government of Busan and local companies Edison Development & Construction, Tramat Mercantile

Presently, we have 22 trains, including two trains in reserve and ready to be deployed. With 22 trains, we are really outperforming our contract.

Inc., TMI Corp. and Castan Corp. The Busan contract involves maintenance works, overhaul of 43 LRVs and replacement of the signaling system within 24 months. Twelve Korean technical experts are in the country, including rolling stock, signaling and track specialists from Busan. The hour-long queues are gone, according to Manalo. “They are giving us more trains than the actual requirement of the TOR [terms of reference],” he says, referring to Busan Universal Rail. “But in some other aspects, there is a need for improvement. We need continuous monitoring including those of spare parts, labor issues and quality of work,” says Manalo. Rapanut says Busan now focuses on improving station facilities. “The next activities we are 100-percent focused now on is the improvement of station facilities such as the toilet, lighting and some conveyances that have been turned over to us,”he says. He says the Busan joint venture remains committed to delivering on its promise to the government and to MRT passengers. “We did not allow ourselves to be distracted by our distractors. Despite all their distractions, we stay very clear on our purpose,” he says. Charles Mercado, legal counsel and spokesman of the Busan joint venture, says the group won the maintenance contract in December 2015 with a bid of P3.8 billion, below the approved budget for the contract of P4.25 billion. “The P3.8 billion is the whole contract. Our maintenance contract alone is P54 million a month, subject to taxes. The old contractor—Sumitomo had a monthly maintenance contract of P110 million net of taxes and in US dollars,” says Mercado. Turn to C2

OUTGOING Shell companies in the Philippines country chairman Ed Chua caps off a 37-year career in the power, energy and gas technology company by being awarded as the Global Filipino Executive of the Year during the Asia CEO Awards. The Asia CEO Awards is an annual awards program that recognizes outstanding leadership achievements by individuals and organizations across the Asean region and aims to promote the Philippines as a premier business destination. It is one of the biggest annual recognition events in the Philippines with over 1,200 business leaders in attendance. Aside from Chua, other business figures and entrepreneurs recognized at the awards ceremony were James Donovan of Adec Innovations for the JLL Expatriate Executive of the Year; Clarissa Delgado of Teach for the Philippines for Capital One Young Leader of the Year; and Joe Magsaysay, president of Potato Corner, for Meralco Biz Par tners Entrepreneur of the Year. Turn to C2

FILIPINOS MOST EXPRESSIVE IN ASIA FILIPINOS derive more fulfillment from their relationships with spouses and partners than in any other personal relationship, according to Asia’s first relationship index, launched by Pru Life UK. The 2016 Pru Life UK Relationship Index measures, via a numerical score, how satisfied people are with their primary relationships and what can be done to improve them. Primary relationships include partners, children, family and friends. In the Philippines, the Pru Life UK Relationship Index satisfaction score is 79 out of 100. This means on an average, Filipinos’ primary relationships fulfill 79 percent of their desired relationship needs, the second highest in Asia. Respondents of the study said that they appreciate partners who enjoy doing things together (84 percent), respect their individuality (84 Turn to C2


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