There is hereby created an inter-agency committee to conduct a review of the Metro Rail Transit 3 (MRT 3) Project. The inter-agency committee is hereby tasked to conduct the following:

1. Review the Metro Rail Transit Corporation contract and related agreements;
   
   
2. Review the commercial viability of the MRT 3 project;
   
   
3. Formulate strategies, alternatives and options to ensure the commercial viability of the MRT 3 Project and sustain rail transit service to the public; and
   
   
4. Study the possibility of a government take-over of the MRT 3 Project in accordance with law.
   

The inter-agency committee shall be composed of the following:

1. Chairman :   Representative, Department of Finance
   
2. Members : Representative, Department of Budget and Management Representative, National Economic Development Authority
   Representative, Department of Transportation and Communications
   Representative, BOT Center
   Representative, Office of the Chief Presidential Legal Counsel
   

The inter-agency committee shall submit its report and recommendation to the Office of the President not later than two (2) months from its creation.

Manila, Philippines, 02 August 2005