The Philippine Government is intensifying its plan to extend the national railway network from the current 77km to 1,900km in three years, which is the centre of the country’s economic development policy (Photo: www.autoindustriya.com)Manila (VNA) – ThePhilippine Government is intensifying its plan to extend the national railwaynetwork from the current 77km to 1,900km in three years, which is the centre ofthe country’s economic development policy.
Accordingly, authorities areexpected to complete six out of 10 rail projects by June 2022, which marks theend of President Rodrigo Duterte’s current term. The Duterte administration hasso far invested heavily in construction projects, aiming to usher in a “goldenage of infrastructure”.
In 2018, the Philippines wasestimated to increase its spending on infrastructure to be at 6.2 percent ofthe national GDP, the highest rate since 1993.
Currently, only three of the 10projects are underway: the 22km Manila metro rail transit line 7 (MRT-7), the 3.8kmlight rail transit LRT-2 extension, and an intersection station that connectsfour major rail routes in Manila. The construction of the remaining sevenprojects are due to begin later this year.
Secretary of Transportation ArthurTugade said the building of a subway system in Manila, the biggestinfrastructure project of Philippines to date, will start in the first quarterof 2019. Partial operation is scheduled for 2022, he added.
The first phase of the project willcost 14.5 billion JPY (955 million USD), financed by the Japan InternationalCooperation Agency, which has committed to lending the Philippines 573.7billion JPY (5.25 billion USD) for the project. –VNA
Accordingly, authorities areexpected to complete six out of 10 rail projects by June 2022, which marks theend of President Rodrigo Duterte’s current term. The Duterte administration hasso far invested heavily in construction projects, aiming to usher in a “goldenage of infrastructure”.
In 2018, the Philippines wasestimated to increase its spending on infrastructure to be at 6.2 percent ofthe national GDP, the highest rate since 1993.
Currently, only three of the 10projects are underway: the 22km Manila metro rail transit line 7 (MRT-7), the 3.8kmlight rail transit LRT-2 extension, and an intersection station that connectsfour major rail routes in Manila. The construction of the remaining sevenprojects are due to begin later this year.
Secretary of Transportation ArthurTugade said the building of a subway system in Manila, the biggestinfrastructure project of Philippines to date, will start in the first quarterof 2019. Partial operation is scheduled for 2022, he added.
The first phase of the project willcost 14.5 billion JPY (955 million USD), financed by the Japan InternationalCooperation Agency, which has committed to lending the Philippines 573.7billion JPY (5.25 billion USD) for the project. –VNA
VNA
