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ADB cites hurdles to major railway project

THE ASIAN DEVELOPMENT BANK (ADB) has identified environmental risks to construction of the Solis-Calamba segment of the P777.55-billion North-South Railway Project, but said they can be mitigated......»»

Category: financeSource: bworldonline bworldonlineDec 7th, 2018

Subic-Clark Railway project up for Duterte’s OK

Economic managers have approved the P50-billion Subic-Clark Railway project that will not only connect the two industrial hubs in Central Luzon but also eventually be part of the larger network of rails connecting major sea ports in Luzon island. The project was green-lighted during last Friday's National Economic and Development Authority Investment Coordination Committee-Cabinet Committee meeting, Finance Secretary Carlos G. Dominguez III told reporters late Friday. As such, it will be next for approval by the Neda Board, chaired by President Rodrigo Duterte, at a still unscheduled meeting. Dominguez noted that once completed, the project to be implemented by the Departmen...Keep on reading: Subic-Clark Railway project up for Duterte’s OK.....»»

Category: newsSource:  inquirerRelated NewsJan 28th, 2018

Luzon railway projects make significant progress

Major railway projects in Luzon are poised to make significant progress this month, according to top officials of the Department of Transportation (DOTr)......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2019

Mindanao railway project moving slow, says MinDA chief

DAVAO CITY (MindaNews/13 February) – Phase 1 of the 1,550-kilometer Mindanao Railway Project is moving slow with only three years to accomplish it before President Rodrigo Duterte’s term ends in 2022, Mindanao Development Authority (MinDA) Secretary Abul Khayr Alonto said in an interview on Tuesday. “I am not happy. Why should I be happy when […].....»»

Category: newsSource:  mindanewsRelated NewsFeb 13th, 2019

Asia welcomes year of the pig with banquets, temple visits

BEIJING --- Asia is welcoming the lunar year of the pig with visits to temples, family banquets and the world's biggest travel spree. The streets of Beijing and other major Chinese cities were quiet and empty Tuesday after millions of people left to visit relatives or travel abroad during the year's biggest family holiday. Families gathered at home for multigenerational banquets. Shops, companies and government offices closed for the week. In Hong Kong, worshippers stood in line for hours at the Wong Tai Sin Temple to welcome the lunar new year by lighting incense. China's railway ministry forecast mainland travelers would make 413 million trips during the three-week period...Keep on reading: Asia welcomes year of the pig with banquets, temple visits.....»»

Category: newsSource:  inquirerRelated NewsFeb 5th, 2019

Subway project to boost Philippine construction sector

By Denise A. Valdez, Reporter FITCH Solutions said it raised its growth forecast for the Philippine construction and railway sectors this year with the expected groundbreaking of the Metro Manila Subway Project within the first quarter. In a report released on Friday, Fitch Solutions said it raised its growth forecast for construction sector to 10.9% […].....»»

Category: financeSource:  bworldonlineRelated NewsFeb 1st, 2019

U.S., PHL launch Enhanced Defense Cooperation Agreement Project

US AMBASSADOR Sung Y. Kim and Secretary of National Defense Delfin N. Lorenzana cut the ribbon on the first major project under the Enhanced Defense Cooperation Agreement (EDCA) at Cesar Basa Air Base, Pampanga, on January 29, 2019. The ribbon-cutting ceremony marked the completion of construction on a Humanitarian Assistance and Disaster Relief warehouse, which […] The post U.S., PHL launch Enhanced Defense Cooperation Agreement Project appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsJan 31st, 2019

Davao won’t negotiate for railway RROW

DAVAO CITY (MindaNews/ 30 January) – Negotiating for the road right of way (RROW) for phase 1 of the 1,550-kilometer Mindanao Railway Project is not the job of the local government unit, an incensed Davao City Mayor Sara Duterte told the Department of Transportation (DOTr). In an interview on Tuesday, Duterte said this explains why […].....»»

Category: newsSource:  mindanewsRelated NewsJan 30th, 2019

FALSE: Duterte claims no projects for Davao City under his watch

Claim: President Rodrigo Duterte on Tuesday, January 29, claimed Davao City has not been given any major government project and is the "very last" in his priority list. Duterte used this claim in a speech to prove that he shows no bias for his hometown, a declaration which drew applause ........»»

Category: newsSource:  rapplerRelated NewsJan 30th, 2019

First EDCA facility opens in Pampanga

The Philippines and the United States officially activated the first major project under the Enhanced Defense Cooperation Agreement between the two countries......»»

Category: newsSource:  philstarRelated NewsJan 30th, 2019

U.S. envoy confirms draft framework with Taliban – New York Times

KABUL, Afghanistan – The US and the Taliban have drafted the framework of a deal which could pave the way for peace talks with Kabul, Washington's main negotiator was quoted as saying Monday, January 28, but major hurdles including a ceasefire and a withdrawal of foreign forces remain.   The comments by ........»»

Category: newsSource:  rapplerRelated NewsJan 29th, 2019

Police secure mega-dam workers

By Gail T. Momblan THE Iloilo Police Provincial Office (IPPO) said the P11-billion Jalaur River Multipurpose Project Stage (JRMP II) in Calinog town is one of the major security challenges in 2019. Senior Supt. Marlon Tayaba, IPPO director, said consultative meetings are consistently conducted among stakeholders and foreign partners to ensure security in the biggest […] The post Police secure mega-dam workers appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsJan 28th, 2019

MWSS cites Maynilad, Paranaque City for P1.7 b STP project

MWSS cites Maynilad, Paranaque City for P1.7 b STP project.....»»

Category: newsSource:  thestandardRelated NewsJan 28th, 2019

Mindanao railway update: LGUs sign MOA with DOTr for land acquisition 

DAVAO CITY (MindaNews / 26 Jan) — Five local government units in Davao Region signed a memorandum of agreement with the Department of Transportation (DOTr) for the transfer of funds for the road right of way (RROW) and site acquisition for the first phase of the 1,550-kilometer Mindanao Railway Project. During Kapihan sa PIA on […].....»»

Category: newsSource:  mindanewsRelated NewsJan 26th, 2019

State-owned China railway firm eyes more deals in the Philippines

State-owned China Civil Engineering Construction Corp. (CCECC) and parent firm China Railway Construction Corp. Ltd. (CRCC) are looking at other infrastructure projects under the Philippine government’s Build Build Build program aside from the $3.7-billion subway project in Makati City......»»

Category: financeSource:  philstarRelated NewsJan 26th, 2019

China firm tapped to build $3.7-B Makati subway system

Philippine Infradev Holdings Inc. has tapped a unit of state-owned China Railway Construction Corp. (CRCC), one of the world's largest construction and engineering companies, to build its $3.7-billion Makati subway system project.   In a disclosure to the Philippine Stock Exchange yesterday, Phil.Infradev said CRCC's wholly owned China Civil Engineering Construction Corp. (CCECC) had proposed to invest $300 million to $350 million in the local company or its subsidiary and undertake the engineering, procurement and construction works for the Makati subway project.   Phil.Infradev, formerly known as IRC Properties, has executed a binding memorandum of agreement with ...Keep on reading: China firm tapped to build $3.7-B Makati subway system.....»»

Category: newsSource:  inquirerRelated NewsJan 24th, 2019

Davao biz leader hits implementation of railway project

DAVAO CITY (MindaNews / 23 Jan) – A business leader criticized the government agencies handling the first Tagum City-Davao City-Digos City (TDD) line of the Mindanao Railway Project for having no clear vision in implementing it, which left several property owners in limbo. Dr. Maria Lourdes Monteverde, trustee and former president of Davao City Chamber […].....»»

Category: newsSource:  mindanewsRelated NewsJan 23rd, 2019

Gov’t secures P98.7 billion JICA loans for railway, flood control

The government has secured P98.69 billion worth of loans from the Japan International Cooperation Agency for the implementation of a railway and flood control project under the Duterte administration’s Build Build Build program......»»

Category: financeSource:  philstarRelated NewsJan 22nd, 2019

Clark railway loan deal signed

The Philippines and Japan International Cooperation Agency (JICA) signed the loan agreement for the North-South Commuter Railway Extension Project (NSCR) on Monday. Department of Finance Sec. Carlos Dominguez, Department of Public Works and Highways Sec. Mark Villar, Philippine National Railway (PNR) General Manager Junn Magno, Minister Atsushi Kuwabara of the Embassy of Japan and JICA […].....»»

Category: newsSource:  tribuneRelated NewsJan 21st, 2019

Japan s Hitachi freezes British nuclear project

LONDON, United Kingdom – Hitachi on Thursday, January 17, froze construction of a nuclear power station in Wales due to financing difficulties, dealing a major blow to Britain's energy strategy and leaving the Japanese firm with a huge bill. Shelving the project at the Wylfa Newydd plant on Anglesey island off ........»»

Category: newsSource:  rapplerRelated NewsJan 17th, 2019

Japan-funded projects for signing in Q1 2019

MANILA, Philippines – Three loan agreements with Japan are set to be formalized this 1st quarter of 2019, said the Department of Finance (DOF). The Japan International Cooperation Agency (JICA) will be funding the North-South Commuter Railway extension project, the 4th phase of the Pasig-Marikina River Channel improvement ........»»

Category: newsSource:  rapplerRelated NewsJan 16th, 2019