MANILA (Xinhua): The Asian Development Bank (ADB) on Thursday (June 9) said it has approved up to US$4.3 billion to help finance the construction of nearly 55km of a modern suburban railway line connecting the Philippine capital region with Calamba City in the neighbouring Laguna province.
The Manila-based bank said the investment in the South Commuter Railway Project, which is part of the North-South Commuter Railway network, is ADB's largest infrastructure financing in the Asia and Pacific region to date.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
