PHL obtains $6M to fund rail feasibility studies - BusinessWorld Online

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PHL obtains $6M to fund rail feasibility studies - BusinessWorld Online
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THE GOVERNMENT has obtained access to more than $6 million in loans to fund feasibility studies for three railway projects outside the capital region, the Transportation department said on Monday.

PHILIPPINE STAR / KRIZ JOHN ROSALES

Mr. Bautista said the government is also “on track” to secure funds for the feasibility studies for the San Mateo Railway Project, Northern Mindanao Railway Project, as well as the Philippine transport system master plan. With a 33-kilometer route length and 17 stations, the subway targets travel time between Quezon City and NAIA in Pasay City to 35 minutes from over an hour. It is expected to accommodate up to 370,000 passengers daily.

“The entire alignment will have a total excavated soil of about 7,419,940 cubic meters or the equivalent of 2,500 Olympic size swimming pools,” it added.

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