Sticking to China as loan source stirs solon’s logic - BusinessMirror

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Senator Grace L. Poe has questioned the decision of the Department of Transportation (DOTr) to pursue renegotiations with China on three major railway projects already withdrawn by the previous administration.

SENATOR Grace L. Poe has questioned the decision of the Department of Transportation to pursue renegotiations with China on three major railway projects already withdrawn by the previous administration.

Transportation Undersecretary Timothy John R. Batan confirmed that the DOTr has written the Department of Finance requesting the resubmission of loan application with China. Of the DOTr’s proposed budget of P167.12 billion, the rail sector will get P112.85 billion, or over 400-percent increase in allocation compared with its 2022 budget.

Noting that the total route length of the railway projects is only 148 kilometers, the lawmaker asked about the total route length upon completion of the railway projects of the DOTr.

Source: News Formal (newsformal.com)

 

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