The Philippines has signed a commercial contract for the highest-funded government-to-government railway project connecting the Subic Bay Freeport Zone and the Clark International Airport, according to Chinese Ambassador to the Philippines Huang Xilian.
“Our cooperation continues! China and the Philippines just signed the commercial contract for the Subic-Clark railway project,” the envoy said in a Facebook post.
Huang said the contract is so far the highest funded G2G project between the two countries valued at approximately $940 million or P45.167 billion. It is considered the flagship project of the administration’s “Build, Build, Build” program of the Duterte administration.
The 71-km single-track railway will be located in south-central Luzon, connecting Subic Bay Freeport Zone and Clark International Airport and linking the DOTr’s North Railway Project, according to the ambassador’s statement.
The construction period is estimated to last 42 months, he said.
“Once completed, the railway will build resilient linkages between the commercial zones along the Subic-Clark corridor. Glad to see the improvement in logistic efficiency and other economic activities in the region,” Huang said.