Philippines’ National Economic and Development Authority (NEDA) Board’s Investment Coordination Committee (ICC) approved three railway projects totaling USD 10.76 billion.
The first approved project is the construction of Tagum-Davao-Digos rail section of 830 km Mindanao Railway Line.
The Tagum-Davao-Digos rail section will form the first phase of Mindanao Railway Project loop, involving a 102.28 km commuter railway. The estimated project cost is PHP 35 billion (USD 712 million) and will be locally financed. The construction work is targeted to begin in the first quarter of 2018 and is expected to be completed by the third quarter of 2022.
In addition, the Investment Coordination Committee approved the North South Railway Projects (NSRP) – South Line which will revive the Philippine National Railways (PNR) south railway. It has an estimated project cost of PHP 285 billion (USD 5.75 billion) and will be financed through Official Development Assistance (ODA). The NSRP-South will connect the Metro Manila and Legaspi City, the capital of Albay province by offering a 72 km commuter line and 581 km line for the long-distance transport services.
The Malolos-Clark Railway Project (MCRP) was also approved, which will be connecting with the ongoing Tutuban-Malolos portion of the North South Commuter Railway.
The project has an estimated cost of PHP 211.43 billion (USD 4.3 billion). Construction will be financed through ODA, while the operations and maintenance will be through Public-Private Partnership (PPP).
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