The Light Rail Transit Authority (LRTA) has remitted P276.70 million in interest income to the Bureau of the Treasury (BTr), following a directive from the Department of Finance (DOF).
In a statement, the LRTA said the amount represents interest earned from deposits of funds allocated for its rehabilitation projects and the Line 1 South Extension Project.
Under DOF Department Circular No. 002-2022, all government-owned and controlled corporations (GOCCs), including LRTA, must remit interest income earned from public funds to the National Treasury, unless exempted by law. The policy requires remittance within five banking days after each quarter, upon project completion, or upon maturity of the investment, whichever comes first.
LRTA said the remittance reflects its compliance with national fiscal policies and its commitment to transparency and proper management of public funds.
Meanwhile, LRTA reported that passenger volume reached 58.75 million last year, up 10.24 percent from 53.29 million in 2024. However, gross revenues declined by 1.57 percent to P1.25 billion from P1.27 billion previously.
