China, Philippines sign contract to build railway on main Luzon Island


MANILA, Jan. 16 (Xinhua): China and the Philippines signed a contract on Saturday to build a railway on the main Luzon Island, the Chinese Embassy in Manila has said.

The Subic-Clark railway project, which will cost approximately US$940 million, will be bank-rolled by China, and it will be the highest-funded G-to-G cooperation project between China and the Philippines so far.

The railway, a flagship project under the "Build Build Build" program, is a 71km single-track cargo railway connecting Subic Bay Freeport Zone and Clark International Airport and linking the country's North Railway Project.

The railway will mainly adopt Chinese standards, and the construction period is estimated to last 42 months. In the long term, the extension of the railway will reach the New Clark City.

"Once completed, the railway will build a resilient linkage between ports, railways, and airports along the Subic-Clark corridor, which will improve the logistic efficiency, trim the transportation cost and support the potential demand for freight services and economic activities in the region," the Chinese Embassy said.

The Chinese government and the Philippine government will soon kick off the loan agreement negotiation of the project, the embassy added.

In 2017 the Philippine government initiated the "Build, Build, Build" infrastructure program, which intended to spend 8 to 9 trillion pesos (US$160 billion to 180 billion) in the medium term, to improve the country's public transportation system. - Xinhua
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

China , Philippines , Railway , subic Way , Agreement , Signed

   

Next In Aseanplus News

Asean News Headlines as at 8pm on Sunday (April 11)
Indonesia reports 4,127 Covid-19 cases as total goes above 1.566 million; more death and injury from quake in East Java
Philippines eases restrictions in Metro Manila despite surge in Covid-19 infections; virus total now goes above 864,000
Dormitory resident among 20 new Covid-19 cases in Singapore; first such case in almost six weeks
Thai provinces fear virus surge out of Bangkok ahead of holidays; almost 1,000 Covid-19 cases reported - highest on record
Vietnam: Da Nang's Central city to develop an international finance centre
Trainee lawyer's bid to be called to Singapore Bar raises questions; judge calls for inquiry
Thailand: Chiang Mai follows Bangkok - closes nightspots for 7 days, clamps down on travellers from red-zone provinces
Indonesian president orders Java rescue efforts after quake kills several people
China's plans for Himalayan super dam stoke fears in India

Stories You'll Enjoy


Vouchers