Metro Global Inks MOU With Baguio City on Feasibility Studies on Intelligent Transport Solution

The Board of Directors of Metro Global Holdings Corp. (PSE: MGH) approved today the signing of a Memorandum of Understanding (MOU) with the City of Baguio concerning the Development of an Intelligent Transport System as a Sustainable Long-Term Strategy to Urban Mass Transport Management for Baguio City by Easing Traffic Congestion, Improving Traffic Management for Baguio City, Minimizing Environmental Impact and Increasing Benefits of Transportation to the Public in General.

The MOU was signed today with City Mayor Benjamin B. Magalong representing Baguio City and Chairman Robert John L. Sobrepeña representing the Company.

Under the said MOU, the Company will conduct a feasibility study for the development of an intelligent public transport system that offers access to multiple transport options using one interface that includes monorail, trolleybus, electric bus and similar electricity-fed transport within 90 days for purposes of crafting a proposal on the Project.

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