Planned South Commuter Railway to boost jobs accessibility — ADB bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
The Asian Development Bank (ADB) is preparing financial support for the Philippine National Railways’ (PNR) Php 345-billion Calamba railway project.
This comes immediately after the project attracted a record-high number of bids early this month, as reported by the Philippine News Agency. Its contract package included viaduct structures, elevated stations, and a 22-hectare train depot. A total of 34 bids for the contract package came from 23 local and international engineering and construction firms.
Funding for the development’s 40.5-kilometer viaduct structures, also known as the South Commuter Railway Project, is set for “consideration” by ADB’s board in the fourth quarter, according to an article published by Manila Bulletin.
ADB $1 75-B loan for south rail project up for board approval bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
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.