Residents of Malolos, Bulacan just sigh in resignation whenever they see the slow work on huge concrete posts that are supposed to carry elevated rail tracks running from Clark to Manila while cutting through their city.
The government has failed to pay a contractor of the Malolos-Clark Railway Project on time, delaying the delivery of the infrastructure by nearly a year from its original target of 2024.
ADB to lend PH $4 3B per year from 2023 to 2025 cnnphilippines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnnphilippines.com Daily Mail and Mail on Sunday newspapers.
The Asian Development Bank will lend $4.3 billion annually over the next three years to the Philippines to support infrastructure, climate change and agriculture projects.
The Philippine economy is forecast to grow faster than previously expected in 2022, supported by stronger-than-expected domestic demand spurred by rising employment and a recovery in tourism, according to an ADB report.