Yap said the House of Representatives` consideration of the agreement will include the extent of government officials` involvement in the implementation of the highly irregular agreement. The agreement extends over a 32-year period. Yap said this “may indicate an unfair and unfair physical condition that could weigh on the government`s financial burden of the agreement.” In a speech in Davao City, Duterte said the LRT concession pact was being revised and noted that it was only one of the government contracts used by pangilinanians and Ayalas. ACT- CIS Rep party list. Eric Go Yap said he would ask the House Committees on Public Trust and on Good Government to exercise its oversight function and review the concession agreement that President Duterte recently attacked. In its resolution, Yap stated that LRMC had reported gross sales that appeared to be “more important” than the concession fee for the project in just four years. The economic tycoons behind LRMC – the Ayalas and The Pangilinan – have long been in hot water with Duterte because of the separate water concession agreement between the government and Manila Water and Pangilinans Maynilad, led by Ayala. Duterte said Light Rail Manila Corporation`s concession contract with the government will then be on its list of contracts that are highly damaging to the public and the government. The company began operating and maintaining LRT 1 in 2015, after securing the 32-year concession agreement with the Department of Transportation and the Light Rail Transit Authority, it was learned. In a statement, LRMC said it would “cooperate” if the Duterte administration decided to open an investigation into its concession contract.
“Assuming this agreement covers a 32-year period, the gross amount of revenue reported by LRMC in just four years appears to be higher than the concession fee for projects, which could indicate an unfair and unfair condition that could result from the financial burden of the agreement on the government,” Yap said in the resolution. “Mr. Fernando Zobel de Ayala and Mr. Manuel V. Pangilinan, who play a key role in lrMC`s operations, are also president of the water dealers, Manila Water [Co.