27/10/2022
GOOD NEWS! 🎉
The Department of Transportation - Philippines (DOTr) signed four civil works contracts totaling US$1.87 billion for the South Commuter Railway Project (SCRP).
The Project, which will lay nearly 55 kilometers of railway segment to connect Metro Manila with Laguna province, is being financed with US$4.3 billion in loans approved by the Asian Development Bank (ADB) in June 2022.
Once completed, it will provide affordable, safe, and fast public transport, help ease road traffic congestion, and contribute to a reduction in greenhouse gas emissions in line with the Philippines’ climate change agenda.
Read more: https://www.adb.org/news/1-87-billion-civil-works-contracts-signed-adb-financed-south-commuter-railway-project
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