ADB approves USD 4.3bn for South Commuter Rail Project

The Asian Development Bank (ADB) has approved a loan worth up to USD 4.3bn for the construction of the 55km South Commuter Railway Project between Metro Manila and the city of Calamba. Work on the project will include 18 stations and a connecting tunnel to create an interchange with the future Metro Manila Subway.

The line will be designed to withstand typhoons and earthquakes, and will be elevated to avoid flooding.

When complete, it will be part of the North–South Commuter Railway (NSCR) and will be the ADB’s largest infrastructure scheme in the Asia–Pacific region.

The South Commuter Project will be financed in sections, with the first USD 1.75bn tranche to be made available this year. Release of the second and third tranches is expected in 2024 and 2026.

ADB will finance viaducts, stations, bridges, tunnels and depot buildings, and the Japan International Cooperation Agency will fund the rolling stock and signalling systems.

Previous articleShell to build an LNG import terminal in Batangas City
Next articleNippon Steel launches Warranty Program for ZEXEED™