Push Admin

MPIC eyes cable cars, monorails with Malaysian firm

Article (news)

Jessica Fenol, ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="A cable car from the Austrian firm Doppelmayr in Nuevo Vallarta, Nayarit, Mexico, 20 October 2022. Alex Cruz, EPA-EFE" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2023/ancx/09/04/09042023-cable-car_epa.jpg"/><figcaption>A cable car from the Austrian firm Doppelmayr in Nuevo Vallarta, Nayarit, Mexico, 20 October 2022. Alex Cruz, EPA-EFE</figcaption></figure></div>MANILA (UPDATE) - Metro Pacific Investment Corp said on Monday it signed a deal with Malaysia&#x27;s Hartasuma Sdn Bhd for rolling stock refurbishment projects for rails as well as the exploration of other modes of transport such as cable cars and monorails.In a briefing, MPIC Chairman Manny Pangilinan said Hartasuma has been in the business for almost 3 decades, which bodes well for MPIC. MPIC has an interest in LRT-1 via the Light Rail Manila Corp. LRMC operates 20 stations and is expanding with the construction of 5 new stations for the Cavite extension project. Pangilinan said the company could also help explore other modes of transport that are ideal for the Philippines including cable cars and monorails. <div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="MPIC Chairman, President, and CEO Manuel V. Pangilinan (right), signs a memorandum of agreement with Hartasuma" s="" Group="" Executive="" Tan="" Sri="" Ravindran="" Menon="" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2023/business/09/04/09042023-moa-signing.jpg"/><figcaption>MPIC Chairman, President, and CEO Manuel V. Pangilinan (right), signs a memorandum of agreement with Hartasuma&#x27;s Group Executive Director, Tan Sri Ravindran Menon (left). Handout</figcaption></figure></div><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/10/01/19/cable-cars-may-be-feasible-for-parts-of-metro-manila-adb-transport-official">Cable cars may be feasible for parts of Metro Manila: ADB transport official</a></li></ul>“We thought it’s good to partner with them for our requirement in LRT-1…Not only as a supplier but for other modes of transport... to build cable cars, monorails and we like to explore that opportunity to upgrade our modes of transport in the country,” he said.&quot;There is a lot for us to share. Together, we intend to explore innovations that can help us build the transport infrastructure of the future,” said Pangilinan. Hartasuma said cable car systems are cheaper to build than rails, which do not require a huge mass of land.In 2019, an official of the Asian Development Bank also said cable cars may be a feasible form of public transport for some parts of Metro Manila as it skips the need to buy large tracts of land, which often delays the construction of big-ticket infrastructure projects. MPIC is also eyeing to build a “center for rail excellence” in the country, which will help in upskilling and reskilling workers here, officials said.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/08/08/23/mpic-shareholders-approve-delisting">MPIC shareholders approve delisting</a></li>	<li><a href="https://news.abs-cbn.com/business/05/03/23/mpic-core-net-income-hits-p43-b-in-q1-up-38-pct">MPIC core net income hits P4.3-B in Q1, up 38 pct</a></li>	<li><a href="https://news.abs-cbn.com/business/07/17/23/san-miguel-mpic-confirm-collaboration-in-new-toll-road">San Miguel, MPIC confirm collaboration in new toll road</a></li></ul>

MPIC said it signed a deal with Malaysia's Hartasuma Sdn Bhd for rolling stock refurbishment and other modes of transport such as cable cars and monorails.

MPIC eyes cable cars, monorails with Malaysian firm

News

Entertainment

Lifestyle

Sports

Metro.Style

More

Traffic

Manila

Horoscope

Business

MPIC eyes cable cars, monorails with Malaysian firm

Jessica Fenol,

ABS-CBN News

Published Sep 04, 2023 03:23 PM PHT

|

Updated Sep 04, 2023 05:33 PM PHT

Read More:

MPIC

Metro Pacific Investment Corp

LRT-1

rolling stock refurbishment project

cable cars

monorails

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.