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Latest Breaking News On - Nd the first phase of mindanao railway project chavez earlier said president ferdinand quot bongbong marcos jr is looking at renegotiating loans with beijing or negotiating other countries ina statement - Page 1 : comparemela.com

PH, China negotiating to move projects forward

Metro Rail Transit-3 (PNA file photo) MANILA - China on Sunday said it is "negotiating" with the Philippines over the funding of some infrastructure projects after a Philippine transport official bared that Beijing withdrew its funding commitment to three big-ticket railway projects. The Chinese Embassy issued the clarification after Transport Undersecretary for Railways Cesar Chavez revealed that Beijing withdrew its commitment to fund the Philippine National Railways Bicol project, Subic-Clark Railway Project, and the first phase of the Mindanao Railway Project. Chavez earlier said President Ferdinand "Bongbong" Marcos Jr. is looking at renegotiating the loans with Beijing or negotiating with other countries. In a statement, the Chinese Embassy did not directly mention the funding withdrawal, but vowed to "tap its own advantage and support the Philippines to improve its infrastructure." "Our two sides have been negotiating technical issues and made

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