A lawmaker called on the Department of Transportation (DOTr) to pursue the Public-Private Partnership (PPP) mode in implementing the revival and modernization of the “Bicol Express,” the once-famed rail line of the Philippine National Railways (PNR) that ran from Manila to Albay, which would create thousands of jobs and lead to…
A lawmaker called on the Department of Transportation to pursue the Public-Private Partnership mode in implementing the revival and modernization of the “Bicol Express,” the once-famed rail line of the Philippine National Railways that ran from Manila to Albay, which would create thousands of jobs and lead to the growth of micro, small, and medium enterprises in the Bicol region.
“Many Bicolanos await the day when the Bicol Express chugs back to life with fast, modern trains. Our dream is for the Bicol Express to provide affordable, safe, and comfortable service for commuters and make Bicol’s economy the fastest-growing in the country,” Yamsuan said. “When the Bicol Express is reconstructed and fully operational, every station it passes along its line will be a busy hub of economic activity. Micro and small enterprises will be sprouting in every station, providing jobs for tens of thousands of Bicolanos,” Yamsuan said.
The government currently has an ongoing P14-billion management-consulting contract with China Railways Design Corporation for the project. But with China Eximbank giving no clear direction as to whether it would approve the loan application for the project, Chavez said the DOTr would have to terminate the contract with CRDC to be able to look for other possible funding sources.
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