PHILIPPINES, JAPAN SIGNS BIGGEST RAILWAY

Posted: 11/29/2015 in NEWs Update
PHILIPPINES, JAPAN SIGNS BIGGEST RAILWAY PROJECT WORTH $2-BILLION

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The Philippines and Japan has signed a $2-billion loan for the construction of the 36.7-kilometer North-South Commuter Railway project that will connect Tutuban and Malolos, Bulacan.

“This will certainly help us improve the land transportation capacity of the greater Metro Manila area and provide a more environmentally sustainable mode of transport,” President Aquino said during the joint press briefing.

The railway project, which will be funded through Japan’s Official Development Assistance (ODA), is the largest scale assistance ever extended by Japan International Cooperation Agency (JICA) to any country for a single project.

It is expected to yield a demand of 316,000 passengers daily on its opening year, and is projected to entice around 44,000 public and private vehicle users to shift their commutes to the modernized railway.
The construction period is 4 years.

Reblog from Tankler News

http://tankler.com/philippines-japan-signs-biggest-railway-project-worth-2-billion-3568

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