Philippines Bases Conversion and Development Authority (BCDA) announced that is in talks with MTR Corporation (Hong Kong) and a Japanese firm over potential partnerships in a planned 55-kilometer railway system from Clark, Pampanga to Malolos, Bulacan, reports The Manila Times.
The planned railway will link the BCDA-owned Clark Green City in Pampanga to Malolos and will be connected to the USD 6 billion Integrated Luzon Railway Project (ILRP).
BCDA President, Arnel Paciano Casanova, said the government agency is also “exploring” other partnerships for the railway project besides MTR Corp and the Japan-based company, which he did not name.
“The joint venture partner [for the Clark-Malolos railway] will come from the private sector. We’re now looking at potential partner. Could be a mix of local and foreign. We’re also open to a dialogue with foreign developers. We’re opening the opportunities for everyone. If they are interested, they can submit a proposal to us. We want to sign contracts within the year,” Casanova said.
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