The Philippine Government Approved 3 Railway Projects
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The Director of the National Economic Development Agency (NEDA). Ernesto Pernia, announced that the construction of the three railway infrastructure projects to connect the Philippine countries has been approved.
The first railway project was approved by the Philippine Investment Coordination Committee which will be from the Mindanao Tagum - Davao - Digos, TDD line. It is a 102.28 km long railway that will be the first 830 km long railway belt in Mindanao. The cost of the Philippines is estimated at 35.26 billion pesos, and is expected to start in 2018 and is expected to be completed by 2022.
The second is the North-South Railway Project (NSRP) and the Malolos-Clark Railway Project (MCRP). NSRP South Rail will take the Manila-Laguna and Bicol areas, 581 km long, connecting the port of Manila to Taguig (MRT 3). The cost of the NSRP railway project is estimated at 2,85 billion pesos that will be financed by the Philippine Official Development Association (ODA).
The third railway project will be from Bulacan to Clark Air Base and from Clark International Airport to Clark Greentown Phase II. MCRP railway project is estimated to cost 2,114 million pesos. It will be funded by ODA and its operations and repairs will come from a public-private partnership (PPP) joint venture.