Metro Pacific Investments Corp. (MPIC) is interested in biggest railway project of the government that will link Metro Manila to the Bicol Region, Philippines, writes bworldonline.com.
“We’re interested in the airports and in the railways, the North-South generally, but we don’t know which ones we’re really interested in at this stage,” MPIC Chairman Manuel V. Pangilinan told reporters.
The National Economic and Development Authority (NEDA) Board approved on February 16 six infrastructure projects, two of them are railway contracts, the North-South Commuter Railway Project (NSCR) Phase I and North-South Railway Project (NSRP) South Line.
The NSCR Project, targeted to be implemented from 2015 and operated for 35 years starting 2020, involves construction of a 36.7-kilometer narrow-gauge elevated commuter railway and includes procurement of rolling stock and installation of electromechanical systems.
The contract for the NSRP South Line, meanwhile, will be bid out under the Aquino government’s public-private partnership (PPP) scheme. The line aims to rehabilitate the existing railway “to provide improved transport and logistics services to currently underserved areas and encourage more productive activities.
“They look interesting. The railway is something the country needs,” Pangilinan said.
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