Philippines’ planning agency approves two railway projects

Philippines

July 02, 2017 – National Economic Development Authority (NEDA), the Philippines’ independent economic development and planning agency, has given the green light to two railway projects of the Department of Transportation (DOTr) in Philippines.

The approved projects include: the second phase of the PNR Manila – Clark Railway Project and first phase of the Mindanao Railway Project.

The Manila – Clark phase two will include a 68.7km line from Malolos to New Clark City with seven stations. The project, entailing an investment of PHP211.4bn ($4.2bn), will be financed by the Japan International Cooperation Agency through the Official Development Assistance platform. The project forms part of the 106km PNR North Project that will include 17 stations. Construction work is slated to start in the fourth quarter of 2017.

Phase one of the Mindanao Railway Project will involve the construction of a 102km alignment that will link Tagum, Davao Del Norte – Davao City – Digos, Davao Del Sur. The alignment will include eight stations. The project, estimated to cost PHP35.25bn ($697bn), will commence construction by the third quarter of 2018.

The entire Mindanao Railway System will stretch 1,532km and will link Davao provinces, Iligan, Cagayan de Oro, General Santos, and Zamboanga.

Source:- http://www.worldconstructionnetwork.com/news/philippines-planning-agency-approves-two-railway-projects/

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