The Asian Development Bank said it will be funding another railway line for the Philippines next year, following the biggest loan it has ever granted for a local infrastructure project.
This is a segment of the entire North-South Commuter Railway system, which is also funded through official development assistance from the Japan International Cooperation Agency. The national government has also set aside afor the NSCR next year, which is about a tenth of the ₱777.55-billion project cost.
For 2019, the ADB is still looking to provide funding for Infrastructure Preparation and Innovation Facility, which is meant to support feasibility studies and detailed engineering designs for projects under the"Build, Build, Build" program.
I really hope this matetializes and is implemented immediately with no delays caused by LOCAL mayors, councillors etc along the targeted route. This is where most of the delays happen, everyone wanting a piece of that budget. Best if an international contractor builds it.
Utang na naman!
Yun sige lang build build build!
itsRiening
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