China has pulled out of its commitment to pump P276 billion into three flagship railway projects initiated by the Duterte administration, the Department of Transportation (DOTr) said Friday. Read more👇
China has pulled out of its commitment to pump P276 billion into three flagship railway projects initiated by the Duterte administration, the Department of Transportation said Friday.
We wrote a loan application with you for the P83 billion Tagum-Davao-Digos railway,’” Chavez said. “Because there was no reply, they were withdrawn.” The DoTr in January 2022 signed a P142-billion contract with Chinese companies to build the first 380 kilometers of the Philippine National Railway Bicol Project from Banlic, Calamba to Daraga, Albay.
The P51-billion Subic-Clark Railway Project is expected to provide high-capacity freight service to support the existing industrial areas along the Subic-Clark corridor by serving as the link to the airport at Clark Freeport Zone and the seaport at the Subic Bay Freeport Zone.
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