MARCOS TO RENEGOTIATE WITH CHINA FUNDS FOR MOTHBALLED TAGUM-DAVAO-DIGOS RAILWAY PROJECT

Wants rail transport upgrade, orders loan renegotiation

Also Read: TAGUM-DAVAO-DIGOS RAILWAY PROJECT IS DEAD

 President Ferdinand Marcos Jr. wants more investments in the rail transport sector as he directed the Department of Transportation (DOTr) to go back to the negotiating table to secure the loan agreements for three big-ticket railway projects, the agency said on Saturday.

“The President was referring to the Subic-Clark Railway Project; the Philippine National Railways (PNR) South Long-Haul Project and the Davao-Digos segment of the Mindanao Railway Project (MRP),” DOTr Undersecretary for Railways Cesar Chavez said.

Chavez  said the three railway projects was to be funded under China’s official development assistance (ODA) through loan agreements between the governments of the Republic of the Philippines and the Peoples Republic of China. READ MORE

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