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DOTC seals deal with Busan group for MRT-3 maintenance
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RobRoyston
January 8, 2016 at 4:54 AM
busan supplies the technical expertise yet only owns 5% share of the JV. what is not clear is what does the other 4 filipino firms contribute to the contract (combined they own the other 95%).
these filipinos are fully dependent on korean expertise yet they have the largest share of the pie despite having zero experience in rail maintenance… smells fishy to me. i wont be surprised if the koreans will one day wake up to realize theyve been taken for a ride by their filipino partners and may want to get out.
or has anybody promised the koreans future contracts as an incentive to commit to this very lopsided deal???
rbieri
January 8, 2016 at 7:23 AM
How can Busan Maintaining four railway lines of the Mass Transit System in Busan, South Korea since 1999, when the Firm get Founded: January 1, 2006….