Light Rail Manila, a joint venture of Ayala and Metro Pacific Investments, offered a premium of Pesos 9.35bn ($US 213.5m) on top of the project cost of Pesos 64.9bn.

The scheme will extend the existing 20.7km Roosevelt – Baclaran line south by 11.7km to Cavite, with 10.5km elevated and the remaining 1.2km at grade.

Meanwhile Japan has promised to conduct a feasibility study of the Mega Manila Subway project, following an official visit by President Benigno Aquino III to Japan. The scheme is part of a Pesos 2.3 trillion 2016-2030 transport master plan for the Philippines drawn up by Japan International Cooperation Agency (Jica).

The metro line would run from San Jose Del Monte in Bulacan south via Quezon Circle, Cutiao, Ortigas and Ninoy Aquino International Airport to Dasmarinas in Cavite.

This is in addition to a planned Pesos 135bn east-west metro line running from Taguig to Pasay and Makati. The 20km line would have 11 stations and a 16km underground section, with the remaining 4km running on an elevated alignment.