The Philippine Department of Transportation (DoTr) is exploring the possibility of a Public-Private Partnership (PPP) for the Mindanao Railway Project (MRP) following the withdrawal from the financing plan from the Government of China.
Three international companies, two Korean and one Japanese companies showed interest in pursuing the idea and they are eager to design and construct the project. The Mindanao Railway is planned to be constructed in ten phases with a total track of 2,278 km (1,415 miles) to be built for the system. The MRP initial phase is estimated to be worth around PHP 83 billion (US$ 1.4 billion). It will run to Digos City, Davao del Sur, from Tagum, Davao del Norte. It is anticipated to reduce the three-hour travel time between Tagum and Digos to one hour and carry 122,000 passengers daily.
The Department of Transportation (DoTr) will award Aboitiz InfraCapital, Inc. the PHP 4.53-billion (USD 76 billion) contract for the operations and maintenance of the New Bohol-Panglao International Airport after no bids were received by the November 11, 2024 deadline.
Read moreThe Department of Transportation (DOTr), Civil Aviation Authority of the Philippines (CAAP), and Aboitiz InfraCapital, Inc. (AIC) have officially sealed their partnership for the development and operation of the Laguindingan International Airport project in the Philippines.
Read moreAboitiz InfraCapital has secured the operations and maintenance contract for Laguindingan Airport in Misamis Oriental.
Read moreThe Public-Private Partnership Center has invited the submission of comparative proposals for the Bacolod Supercity Project in the Philippines.
Read moreKorail announced that it has been selected as the preferred bidder for the operation and maintenance of Manila Metro Line 7 (MRT-7) in the Philippines.
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