The Philippines and China have a commercial contract for the Subic-Clark Railway Project worth $940 million, the Chinese Embassy in Manila said on January 16.
“Our cooperation continues! China and the Philippines just signed the commercial contract for the Subic-Clark railway project. This is so far the highest funded G2G project between the two countries valued at approx. $940 million and is the flagship project under the administration’s “Build, Build, Build” program,” Chinese Ambassador to the Philippines Huang Xilian said.
The Chinese ambassador said 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 Department of Transportation (DOTr)’s North Railway Project.
“The construction period is estimated to last 42 months. 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 added.