Friday, July 1, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Economy & Trade

Neda unit endorses P531-b rail projects

Julito G. RadabyJulito G. Rada
June 7, 2017, 8:36 pm
in Economy & Trade
Reading Time: 2 mins read
A A
72
SHARES
Share on FacebookShare on TwitterShare on Email

The National Economic and Development Authority said Wednesday its Investment Coordination Committee endorsed three major rail projects with a combined cost of over P531 billion.

Neda said in a statement the three projects”•Mindanao Railway Project’s Tagum-Davao-Digos segment, North South Railway Projects-South Line and Malolos-Clark Railway Project”•were  approved during a joint ICC-technical board and Cabinet meeting on June 1, 2017. These projects will be elevated to the Neda board headed by the president for final confirmation.

Neda said in approving these projects, the ICC advised the Transportation Department to coordinate with the Neda secretariat to complete the ICC approval requisites.   ICC also approved an integrated flood risk management project in Cavite. 

“The MRP-TDD [Mindanao Railway Project’s Tagum-Davao-Digos] aims to provide a more efficient, reliable, and affordable transportation to boost tourism, industry, and overall economic development in the area by connecting existing and emerging growth centers in the Davao region,” Neda said.

“It will form the first phase of the proposed 830-kilometer MRP loop, involving a 102.28-kilometer commuter railway that will run from Tagum City, Davao del Norte, to Digos City, Davao del Sur, with seven stations, one terminal in Davao City, and one depot in Tagum City,” it said. The estimated project cost is P35.26 billion and will be locally financed.

ADVERTISEMENT

If confirmed by the Neda board, project construction is targeted to begin in the first quarter of 2018 and is expected to be finished by the third quarter of 2022.

Meanwhile, the ICC also approved NSRP- South Line, which will revive the Philippine National Railways south railway. It has an estimated project cost of  P285 billion and will be financed through official development assistance.

NSRP-South Line will consist of three tracks that will run from Tutuban to Los Baños for the commuter line (72 km), and Los Baños to Sorsogon for the long haul (581 km), terminating at the Port of Manila”•via FTI in Taguig”•through the connecting third track.

Malolos-Clark Railway Project was likewise approved, which will connect with the ongoing Tutuban-Malolos portion of the North South Commuter Railway. MCRP will run from Malolos, Bulacan to Clark International Airport (Phase I), and from Clark International Airport to Clark Green City (Phase II).

The project has an estimated cost of P211.43 billion. Construction will be financed through ODA, while the operations and maintenance will be through public-private partnership. The construction for phase I will begin in the second quarter of 2019 and is expected to be completed by the second quarter of 2022. Phase II will be implemented from 2022 to 2024.

Meanwhile, the ICC approved the Cavite Industrial Area Flood Risk Management Project that will mitigate flooding of 45,000 homes due to the overflowing water from the San Juan River, Ylang-Ylang River and Rio Grande River, and the poor drainage of Maalimango Creek.

The project has an estimated project cost of P9.89 billion. Construction is targeted to begin in October 2019 and is expected to be completed by April 2024.

Tags: Investment Coordination CommitteeMalolos-Clark Railway ProjectMindanao railway projectNational Economic and Development AuthorityNEDANorth South Railway Projects-South LineTagum-Davao-Digos segment
ADVERTISEMENT
Julito G. Rada

Julito G. Rada

Related Posts

Insurance executive sees 8.2% GDP growth in 2022

byJulito G. Rada
June 30, 2022, 8:10 pm
0
143
Banaag assumes post as Bright Kindle director

A top insurance executive said Thursday he expects the Philippine economy to grow 8.2 percent this year despite the headwinds...

Read more

BSP says inflation in June topped 6% due to weak peso

byJulito G. Rada
June 30, 2022, 7:50 pm
0
155
Policy rate kept at 2% in MB’s last meeting this year

The Bangko Sentral ng Pilipinas said Thursday inflation in June likely reached as high as 6.5 percent, up from 5.4...

Read more

Asian markets mostly down but China data offers some light

byAFP
June 30, 2022, 12:52 pm
0
149
Asian markets mostly down but China data offers some light

Asian markets mos Most Asian markets fell again Thursday as traders fear that hefty rate hikes to rein in soaring...

Read more

Toyota PH reduces production delays

byOthel V. Campos
June 28, 2022, 6:25 pm
0
193
Toyota overtakes GM to lead US auto sales for 2021

Toyota Motor Philippines is trying to ramp up production following a global shortage of automotive parts that affected the output...

Read more

Non-payment by Russia an event of default, says Moody’s

byAFP
June 28, 2022, 6:05 pm
0
167
Banaag assumes post as Bright Kindle director

PARIS, France—Moody’s ratings agency has confirmed that Russia defaulted on its foreign debt for the first time in a century,...

Read more

Asian markets’ rally fizzles as rates, inflation fears return

byAFP
June 28, 2022, 1:00 pm
0
159
Banaag assumes post as Bright Kindle director

Asian markets mostly fell Tuesday as investors struggled to maintain a recent rally while weighing central banks' inflation-fighting rate hikes...

Read more

Stories you may like

  • Ex-Naga dad links Leni’s brother-in-law to illegal drugs

    Ex-Naga dad links Leni’s brother-in-law to illegal drugs

    36826 shares
    Share 14730 Tweet 9207
  • Of course, it was BBM’s project

    31341 shares
    Share 12536 Tweet 7835
  • INC endorses BBM, Sara

    28816 shares
    Share 11526 Tweet 7204
  • Duterte’s seven biggest achievements

    22279 shares
    Share 8912 Tweet 5570
  • Marcos leads SWS survey on presidentiables at 50%

    13586 shares
    Share 5434 Tweet 3397

Print Edition

View More

Recent Posts

  • Sneakers for Makati : AB4.0
  • BBM: Let’s make PH whole
  • Looking back, moving forward: Toward a more inclusive Marcos gov’t
  • 30k red-clad followers, colorful parade enhance high noon rites
  • Duterte’s parting word: Back new administration
  • ‘Hope for better education plan under VP Sara’
  • LPG prices to go down P0.40/kg
  • Shaping the future of energy workforce: Meralco reopens doors for more female linecrew

Advertisement

Latest News

‘Hope for better education plan under VP Sara’

byRey E. Requejo
July 1, 2022, 12:40 am
0
175
‘Hope for better education plan under VP Sara’

President Ferdinand Marcos Jr. on Thursday expressed confidence that Vice President Sara Duterte-Carpio, whom he has appointed as Education Secretary,...

Read more

LPG prices to go down P0.40/kg

byAlena Mae S. Flores
July 1, 2022, 12:35 am
0
147
Isla, Phoenix to hike LPG prices twice in one week

The country's oil firms will cut the price of liquefied petroleum gas (LPG) by as much as P0.40 per kilo...

Read more

Shaping the future of energy workforce: Meralco reopens doors for more female linecrew

byManila Standard
July 1, 2022, 12:30 am
0
142
Shaping the future of energy workforce: Meralco reopens doors for more female linecrew

For more than a century, the dangerous job of climbing electric poles and handling high voltage facilities of the Manila...

Read more

Hard work ahead

byManila Standard
July 1, 2022, 12:25 am
0
138
Hard work ahead

President Ferdinand Marcos Jr. knows the task at hand. He must roll up his sleeves and prime the pump to...

Read more

Leadership must be earned, not handed down

byEmil Jurado
July 1, 2022, 12:20 am
0
199
Denying Villafuerte justice

"The young Marcos can now claim that he’s the first majority President, having clearly more than 50 percent of 64...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App