Conceptualized in the late 1980s, the Metro Rail Transit 3 or the MRT3 Project (formerly known as the EDSA Light Rail Transit 3) –a light railway transit line that would traverse the cities of Quezon, Mandaluyong, Makati and Pasay in Metro Manila— has been in operation since 2000. The aim was to provide a mass transit system along EDSA to help alleviate the traffic congestion problem in the metropolis. Spanning about 16.9 kilometers, the MRT3 consists of 13 stations located in North Avenue, Quezon Avenue, Kamuning, Cubao, Santolan-Annapolis, Ortigas, Shaw Boulevard, Boni Avenue, Guadalupe, Sen. Gil Puyat (Buendia), Ayala Avenue, Magallanes Avenue and Taft Avenue.
The MRT3 Project, which involved the design and construction of civil and electro-mechanical structure and associated components along EDSA, was built under the Build-Lease-Transfer (BLT) scheme by a private sector consortium of Filipino companies called the MRT Corporation (MRTC). Under the BLT agreement, the MRTC is responsible for the design, construction, testing, commissioning and maintenance of the system. Upon completion, the MRTC is obligated to lease the system for 25 years to the then Department of Transportation and Communications (DOTC) that will operate and maintain the system.>>read complete document