“Actually, the Department of Finance submitted a letter to China last December, telling them that we are ready to reopen the discussion for the loan to finance the Bicol railway project,” Transportation Secretary Jaime Bautista said. READ:
380 kilometers of the Philippine National Railway Bicol Project from Banlic, Calamba to Daraga, Albay.
The agency through former Secretary Arthur Tugade signed the design-build contract with the joint venture of China Railway Group Ltd., China Railway No. 3 Engineering Group Co. Ltd. and China Railway Engineering Consulting Group Co. Ltd. covering the design, construction and electromechanical works of the project.The first 380 kilometers of PNR Bicol will span 39 cities and municipalities, four provinces and two regions.
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