The Philippines’ Department of Transportation (DoTr) has announced plans to invest USD15.4 billion (over PHP741 billion) in expanding the rail network by 2025. The funds will be invested in 11 projects, with maximum funding to be allocated to the North-South Commuter Railway project (PHP777.60 billion) and the Metro Manila Subway (PHP357 billion) project.
Other projects are Manila LRT-1 Cavite Extension (PHP65 billion), Manila LRT-2 East Extension (PHP9.50 billion), Manila LRT-2 West Extension (PHP10.10 billion), Manila MRT-3 Rehabilitation (PHP30 billion), Manila MRT-4 (PHP49.80 billion), Manila MRT-7 (PHP68.20 billion), Subic-Clark Railway (PHP50 billion), PNR Bicol/South Long Haul (PHP175.30 billion) and Mindanao Railway (PHP81.70 billion). These projects are also being financed by the Asian Development Bank (ADB), the Japan International Co-operation Agency (JICA), the Government of China and the private sector (for projects being executed as public-private partnerships (PPPs)). By 2022, DoTr estimates that the rail network will expand to 1,209 km from 77 km in 2016.
(1 PHP [Philippine Peso] = 0.02 USD)