Published on : Monday, March 6, 2017
This would be based in the southern island group of Mindanao and it represents an architectural move that leverages the hospitality of China and Japan. Ernesto Pernia, the Economic Planning Secretary told the media this week that they are yet to complete the feasibility study currently.
The project would be costing S$3.4 billion.
Mr. Pernia feels that since only two phases of the project has been planned, it might not be completed prior to the steeping down of Mr. Duterte as the president in 2022. This railway network would be connecting the seven key cities of Mindanao and this would include the city of Davao that is the home turf of Duterte.
Duterte has signed an ambitious US$160 billion infrastructure plan from this year onwards to 2022 as he strives to sustain growth of nearly 7%. His government is looking forward to creating brand new airports, steel mills, floodways, bus rapid transits, bridges, highways, container terminals and seaports in this region.
The Philippines is looking forward to Chinese funding of about US$3 billion for constructing a railway network that would connect Manila to the southern portion of Luzon and 39 other projects and this also includes a dam.