MANILA, Philippines – The Department of Transportation signed a P142-billion contract for the longest Philippine National Railways line, from Calamba City in Laguna to Albay.
The CREC JV will be doing the design, construction, and electromechanical works for the first 380 kilometers of the railway project. Transportation Undersecretary for Railways TJ Batan said on Wednesday, January 19, that the DOTr is now proceeding to the next step, where it will be asking the Department of Finance to apply for official development assistance .
The first segment of PNR Bicol will stretch 380 kilometers from Barangay Banlic, Calamba City, to Daraga, Albay. It will involve the construction of 23 stations, 10 passenger tunnels, and a 70-hectare depot in San Pablo City, Laguna.
The high intrest loan will be paid by Filipino tax payers. Chinese mandatory design, materials and labor leaves little room for Filipino jobs and suppliers. This is how you get around the 60/40 law. Congress approved this?
Madaming mabubuntis na pinay ng mga imported chinese workers. mgabatangriles
Baon na ang bansa sa utang. May kinita pa si Tatay.
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