SMRT, LTA unit part of group that wins Metro Manila deal

TWO Singapore companies are in the consortium which won Monday's public bidding to develop and run a fare-collection system for Metro Manila's rail system.

Temasek-linked SMRT Corporation and MSI Global Pte Ltd, a unit of Singapore's Land Transport Authority (LTA), are expected to bring their respective areas of expertise and resources to the table for the AF Consortium.

The consortium's bid of 1.8 billion pesos (S$50.9 million), the lowest one, pipped the bids of two other contenders - Malaysia's Berjaya and ethnic Chinese taipan Henry Sy.