MEMORANDUM ORDER NO. 181, August 02, 2005

[ MEMORANDUM ORDER NO. 181, August 02, 2005 ]

CREATING AN INTER-AGENCY COMMITTEE TO CONDUCT A REVIEW OF THE METRO RAIL TRANSIT 3 PROJECT

There is hereby created an inter-agency committee to conduct a review of the Metro Rail Transit 3 (MRT 3) Project. The inter-agency committee is hereby tasked to conduct the following:

Review the Metro Rail Transit Corporation contract and related agreements;

Review the commercial viability of the MRT 3 project;

Formulate strategies, alternatives and options to ensure the commercial viability of the MRT 3 Project and sustain rail transit service to the public; and

Study the possibility of a government take-over of the MRT 3 Project in accordance with law.

The inter-agency committee shall be composed of the following:

Chairman : Representative, Department of Finance

Members : Representative, Department of Budget and Management Representative, National Economic Development Authority Representative, Department of Transportation and Communications Representative, BOT Center Representative, Office of the Chief Presidential Legal Counsel

The inter-agency committee shall submit its report and recommendation to the Office of the President not later than two (2) months from its creation.

Manila, Philippines, 02 August 2005

By authority of the President:

(Sgd.) EDUARDO R. ERMITA Executive Secretary