Finally, the construction of a railway connecting a busy commercial district in Metro Manila to Malolos, Bulacan will start by the fourth quarter of this year.
Here are four quick facts about the North-South Commuter Railway Project:
1. P110 billion loan
Philippines’ loan agreement with Japan for the Tutuban-Malolos railway is worth $1.99 billion.
The agreement was signed November 19, 2015 on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit. The P110 billion loan for the project is one of the biggest Japanese yen loans ever.
2. Initial phase
The initial phase of the project involves a 38-kilometer elevated commuter train line from Tutuban, Manila, to Malolos, Bulacan.
3. 340,000 Travelers
The train system is expected to transport 340,000 travelers every day.
4. Ease serious traffic congestion in Metro Manila
This project aims to strengthen the transport network and ease serious traffic congestion in Metro Manila and contribute to a more secure and sustainable economic development through promotion of investments.