The remaining phases of the Mindanao Railway project in the Philippines will be financed by a loan from China. Phase I of the project involves the construction of the 102.9 km Tagum-Davao-Digos segment and is being funded through the General Appropriations Act. It entails an investment of $807.8 million. The design and construction of the project is expected to commence by the third quarter of 2018.
Another project being financed by China is the construction of the railway line from Manila to the Bicol region in southern Luzon. It is expected to start by the end of 2018. The project entails an investment of PhP 175 billion. It involves the construction of nine train stations and is expected to be completed by 2022.