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Published July 26, 2021, 11:04 AM
The Asian Development Bank (ADB) is preparing its funding support for the P345-billion Philippine National Railways’ (PNR) Calamba project.
In a statement, the Manila-based multilateral financial institution said that funding for the 40.5 kilometer viaduct structures of PNR Calamba, also called South Commuter Railway Project, is up for “consideration” by the ADB Board in the fourth-quarter.
“We are pleased to partner with the Philippine government in this transformative project that will have substantial multiplier effects on the economy and regional development,” Kelly Bird, ADB Philippines country director said Monday, July 26.
PNR-Calamba is a key component of the 147-kilometer North–South Commuter Railway (NSCR) system that aims to cut travel time from Clark International Airport in Pampanga to Calamba City from more than four hours to just 1.5 hours.