Duterte admin eyes 3 new rail projects from Japan

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Japan will finance three big rail projects in line with the flagship projects of the Duterte administration.
Photo credits: CEnterTechNews

Socioeconomic Planning Secretary Ernesto Pernia disclosed that Japan will fund $4.3 billion for the first phase of the Mega Metro Manila subway system connecting FTI in Taguig City to the SM North Edsa and Trinoma malls in Quezon City; a $2.7 billion commuter line extending to Los Baños, Laguna, and a $1.9 billion high-speed rail extending to Clark Green City of the North-South Commuter Railway.

Japan is readying around $8.8 billion for these three big rail projects which is aimed at decongesting Metro Manila and developing its neighboring cities and regions.

Pernia disclosed that Japan proposed 11 more projects which some will be for irrigation and flood control needs of towns outside Metro Manila.

A feasibility study is ongoing for the initial phase of the subway system from Taguig City to Quezon City and it is expected to be completed by September this year.

The official development assistance (ODA) for the subway project would be signed by President Rodrigo Duterte and Japan Prime Minister Shinzo Abe when the latter arrives on November this year for the ASEAN summit.


Source: Business.inquirer.net

Duterte admin eyes 3 new rail projects from Japan  Duterte admin eyes 3 new rail projects from Japan Reviewed by Newsinfo Learn on April 10, 2017 Rating: 5

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