THE LIGHT RAIL Transit Authority (LRTA), operator of Light Rail Transit Line 2 (LRT-2), saw its gross revenue collection for the first half rise by 3.02% to P641.17 million, driven by higher passenger volume during the period.
For the January-to-June period, LRT-2 recorded a total passenger volume of 27.54 million, up 6.37% from 25.89 million in the same period last year, data from LRTA showed.
For the second quarter, LRTA posted gross revenue of P288.96 million, lower by 4.27% compared with the P301.85 million recorded in the same period a year ago, despite higher passenger traffic.
LRTA logged a total of 13.19 million passengers for the April-to-June period, marking a 5.02% increase from 12.56 million a year earlier.
For the first quarter, LRTA’s gross revenue rose by 9.89% to P352.22 million from P320.53 million a year ago.
For 2025, LRTA is projecting revenue of P1.38 billion.
It also expects passenger volume to reach 57.15 million this year.
If realized, this would exceed its pre-pandemic passenger count of 56.98 million in 2019.
Last year, LRTA’s gross revenue from rail operations stood at P1.27 billion, up 15.5% and surpassing its P1.2-billion target. — Ashley Erika O. Jose
