Manila, May 11 -- Over 50 international companies participated in a market sounding event for the Philippine Automated Fare Collection System (PAFCS) held recently by the Department of Transportation (DOTr) and the Asian Development Bank (ADB).

In a statement on Monday, Acting DOTr Secretary Giovanni Lopez said the event was in line with President Ferdinand R. Marcos Jr.'s order to modernize the country's public transportation infrastructure and deliver convenient and hassle-free transactions for commuters.

"Millions of Filipinos commute every day, and DOTr is fully committed to building a fare collection system that is seamless, secure, and future-ready that every commuter can rely on," Lopez said.

The concession for the PAFCS is eyed...