Financing sought for USD1.79 billion Metro PPP project in Philippines
The Philippine government has sought a loan from Asian Infrastructure Investment Bank (AIIB) to finance the Manila Metro Rail Transit Line 4 (MRT-4) project.
The AIIB is considering providing a loan of US$537.4 million for the MRT-4, which has a total value of US$1.792 billion. The first phase of the project is a joint effort between the AIIB and the Asian Development Bank (ADB). The program aims to construct a high-capacity railway mass transit system, serving the eastern side of Metro Manila from the EDSA-Ortigas Ave. Junction to Taytay in Rizal Province (MRT4 Line). The system will consist of a 12.7 km elevated viaduct with 10 stations, designed to be barrier-free and inclusive for all.
The MRT-4 will reduce the travel time from Taytay to the Ortigas central business district to less than half an hour via rail. Once fully operational by 2028, the project is expected to serve more than 400,000 passengers daily.
Country news
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May 02, 2023
Contract awarded for the construction of section of multibillion Rail PPP Project in Philippines
The Philippines Department of Transportation has selected CIMIC Group company Leighton Asia to construct a section of the North-South Commuter Railway System – South Commuter Railway Project (SCRP).
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March 29, 2023
Agreement signed for USD822 million Expressway PPP Project in Philippines
The provincial government of Batangas has granted San Miguel Corporation (SMC) a 35-year concession to design, build, operate, and maintain a 4-lane, 61-km toll road in Batangas, Philippines.
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February 27, 2023
Multimillion Funding approved for regional rail feasibility studies in Philippines
The Project Development and Monitoring Facility (PDMF) has approved funding for feasibility studies for 2 proposed regional rail projects in the Philippines.
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February 01, 2023
USD684 million investment announced for Wastewater project in Philippines
Manila Water Company (Manila Water) has been investing PHP37.3 billion (US$684 million) in Three-River System Wastewater Masterplan in Manila, Philippines.
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January 19, 2023
Consortium selected for US$250 million Waste-to-Energy Project in Philippines
Metro Clark Waste Management (MCWM) has joined hands with an international joint venture to develop a flagship waste-to-energy facility in Clark, Pampanga, the Philippines.
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