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Date: June 27, 2018, 12:08 p.m.

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Date: 2018-07-23 15:38:36.000000

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Revenue sharing agreement of DOTr and ULC in MRT7

Published by Department of Transportation(DOTr) on June 27, 2018.
Requested from DOTr by R. Buensuceso at 12:08 PM on June 27, 2018.
Purpose: Research
Date of Coverage: 06/27/2018 - 06/27/2018
Tracking no: #DOTr-481734967960

R.BUENSUCESO June 27, 2018, 12:08 p.m.

I would like to request for information regarding the revenue sharing agreement of the DOTr and the ULC for the MRT7. According to the MRT7 implementation guidelines (sec 9.2), the DOTr would notify the ULC of its choice between a share of land and participation in the net proceeds of developed land around the MRT7, after ULC submitted its Master Development Plan. What was the DOTr's final decision? Also, according to the ULC's original proposal for the MRT7, tax revenues from the development would subsidize railway operations. May I have more information regarding the terms of this subsidy?

D.DOTR July 23, 2018, 3:38 p.m.

July 23, 2018 Dear Raya Buensuceso, Greetings! Thank you for your request dated Jun 27, 2018 12:08:39 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. You asked for Revenue sharing agreement of DOTr and ULC in MRT7. Response to Request Your FOI request is approved. The revenue sharing specifics on the Concession Agreement may be found under Section 7. Project Related Accounts, stated as follows: " 7.4 Net Revenue Sharing. The Parties agree that ROP/DOTC shall have a share in the Net Revenue beginning on the first year of the Concession Period. The Net Revenue, if any, beginning on the first year of the Concession Period, shall be divided and shared by the ROP/DOTC and the ULC as follows: ROPIDOTC ULC 30% (the "ROP/DOTC Revenue Share") 70% (the "ULC Revenue Share") For this purpose, the Escrow Agreement shall likewise specify that upon the deduction of the First and Second amounts referred to in Section 7.3 above, the Agent Bank shall determine, divide and distribute the ROP/DOTC Revenue Share and the ULC Revenue Share and deposit the same to their respective accounts specified in Sections 7.5 and 7.6." I also attached a copy of the MRT7 Concession Agreement on the email address that you provided. Thank you. Respectfully, DOTR-DM DOTR FOI Receiving Officer

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