Infrastructure cooperation with China is starting to show cracks under the Marcos administration, as the Philippines withdrew the proposed first rail system in Mindanao from Beijing’s portfolio.
In a letter, the Department of Finance informed Chinese Ambassador Huang Xilian that it is pulling out the Philippines’ request for official development assistance from Beijing for the P83-billion Mindanao Railway Phase 1.
Apart from this, the government is planning to pull out the Philippine National Railways South Long Haul from China’s fold. One of the possible choices, Bautista said, is to combine government resources with foreign and private funding to pool the capital needed to construct the railway. The government expects to secure a new financier for Mindanao Railway Phase 1 within the first quarter of 2024. On the other hand, it remains uncertain when the funding for PNR Bicol will be finalized, as Manila continues to haggle with China in the negotiating table.
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