The Filipino Government has unveiled plans to restart the cancelled China-funded rail project as part of a $11.5bn infrastructure development programme over the next five years.
The projects include an 80km high-speed North Rail project which will span from Manila to Clark.
Go deeper with GlobalData
The project was originally launched by former Philippines president Gloria Arroyo with a $400m Chinese loan in 2004, who later cancelled the project amid allegations of corruption.
The project has been revived after China agreed to reconfigure the funding terms and the design.
Another $126m will be spent on national infrastructure projects and $146m on upgrading two of metropolitan Manila’s light rail lines.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
