Light Rail Transit Authority (Line 2) [1]

June 30, 2005 FIRB RESOLUTION NO. 005-05 SUBJECT : Light Rail Transit Authority (Line 2) [1] WHEREAS, the Light Rail Transit Authority (LRTA) is engaged in the operation of a mass transport system intended to answer the transport needs of commuters belonging generally to the low and middle income groups and to decongest the road traffic network; WHEREAS, the Metro Manila Strategic Mass Rail Transit Development (Line 2) Project is intended to (a) transport people from the eastern sector of the metropolis to downtown Manila safely and comfortably; (b) accommodate a big share of public transport passengers; (c) save travel time; (d) ease heavy congestion of existing roads; (e) improve traffic safety; and (f) reduce air pollution; WHEREAS, the Project requires importation of light rail system materials and equipment to ensure its completion; WHEREAS, there is also a need to ensure that all importations covered by this tax subsidy grant will be used exclusively for the Project and not for other purposes; NOW THEREFORE BE, IT RESOLVED, AS IT IS HEREBY RESOLVED, to grant tax subsidy to the LRTA in the amount of P8,214,104.00 only, representing taxes and duties on its 2005 importations of materials and equipment intended for the exclusive use of the Metro Manila Strategic Mass Rail Transit Development (Line 2) Project per Annex A hereof: Provided, however , that: (a) the initial issuance of the corresponding Certificate of Entitlement to Subsidy (CES) shall be limited to the amount of P3,870,393.00 representing the taxes and duties due on importations [4 shipments with Bureau of Customs (BOC) billings] that arrived from September 8, 2004 to December 5, 2004; (b) the subsequent CES shall be issued upon the submission by the LRTA to the FIRB of required billings and/or documents evidencing the importations; and (c) all materials and equipment for which tax subsidy is granted shall form part of the regular inventory of the LRTA (in the case of materials and movable equipment) and/or be located in their designated project stations/operating areas (in the case of immovable equipment) as certified to by the resident Commission on Audit (COA) auditor of the LRTA and its Project Station/Operating Area Manager, respectively: Provided, finally , that the grant of such subsidy shall be in accordance with the terms and conditions of Section 14 of the 2005 General Appropriations Act as subject to the availability of funds therefor, pursuant to the terms and conditions of the Rules and Regulations to Implement the Subsidy Provision Under Executive Order No. 93. (SGD.) NIEVES L. OSORIO Undersecretary of Finance Presiding Officer FIRB References: Joint FIRB-Technical Committee Meeting dated June 30, 2005. ANNEX A TAX SUBSIDY REQUIREMENTS for Line 2 Project Payable to Bureau of Customs 2005 as of 30 June 2005 NO. PARTICULARS Commercial Date of Customs Duty IRT TOTAL Invoice Arrival 1. 1 pallet STC: Signalling Equipment 4SIG003 8-Sep-04 25,359.00 20,038.00 45,397.00 2. 1 x 20' cntr. STC: 60 ct. Jeil Metal JS-2004149 22-Oct-04 426,282.00 470,651.00 896,933.00 Ceiling System 3. 93 ctns. (414 sets) STC: Various EM/E-HH-3804/04 13-Nov-04 853,215.00 941,345.00 1,794,560.00 Signages 4. 3 x 20' cntrs. STC: 1,400 shts. MT-041123-001 5-Dec-04 538,472.00 595,031.00 1,133,503.00 3,500 pcs and 20 pkgs. of Metal Panel Sheets & Accessories 5. 2 pkgs. of Building Materials 03010 27-Jan-05 3,697.00 12,959.00 16,656.00 6. 4 pkgs. STC: Signalling Equipment 5SIG001 27-Dec-04 54,563.00 187,517.00 242,080.00 7. 1 lot STC: 2 Cartons & 2 Drums 5CTR001 18-Feb-05 24,499.00 19,364.00 43,863.00 OCS Material 8. 1 x 20' cntr. (40 ctns) STC: 1,900 JS-2005025 6-Mar-05 11,667.00 13,435.00 25,102.00 pcs. of Jeil Metal Ceiling System 9. 2 Cases STC: CCTV System 5TEL001 7-Feb-05 400,725.00 362,037.00 762,762.00 PAO Equipment 10. 5 Cases STC: AFC Trolley 5AFC001 2-Mar-05 65,150.00 137,649.00 202,799.00 11. 1 pkg. STC: Test Equi. Frequency 5TEL002 18-Apr-05 9,456.00 96,251.00 105,707.00 Counter, Synthesized Signal, Spectrum Analyser, Electric Voltmeter 12. 1 lot STC: 2 pkgs. OCS Material 5CTR002 23-Apr-05 16,062.00 18,250.00 34,312.00 13. 1 lot Switchgear Parts 5PWS001 24-Apr-05 273,647.00 576,659.00 850,306.00 14. 1 pkg. STC: Test Equip. Power 5TEL003 29-Apr-05 13,919.00 141,391.00 155,310.00 Meter, Signal Generator, Mini OTDR, Wattmeter, Comm. Test Set, Connector, W. Element, Load Resistor, Wattmeter Case 15. 3 Wooden Cases of Spare Parts 5PWS002 8-May-05 343,218.00 723,119.00 1,066,337.00 for AC SWG, Battery Charger and Cable Accessories SUB-TOTAL (1) 3,059,931.00 4,315,696.00 7,375,627.00 16. 1 case of Capital Spares and Special 5PWS003 9-May 05 74,960.00 158,445.00 233,405.00 Tools (Vehicles and Trackworks Power Supply 17. 1 pkg. Of Capital Spares for Rectifier 5PWS004 19-May-05 86,146.00 181,970.00 268,116.00 (Power Supply) 18. 1 pkg. Of Capital Spares for 5PWS005 24-May-05 43,157.00 91,478.00 134,635.00 Ring Main Unit 19. 4 Bobbins STC: Signalling Equipment 5SIG002 8-May-05 64,015.00 71,161.00 135,176.00 (Cables) 20. 1 lot STC: pkg. OCS Materials 5CTR003 20-Jun-05 37,660.00 29,485.00 67,145.00 SUB-TOTAL (2) 305,938.00 532,539.00 838,477.00 GRAND TOTAL (1) + (2) 3,365,869.00 4,848,235.00 8,214,104.00 Certified by: (SGD.) WILFREDO P. ALDAY Property Services Chief (SGD.) ERIC V. GUTIERREZ APM for Engineering Services Noted: (SGD.) ENRICO B. GARCIA Project Manager