The Philippines and China Sign Contract for the Subic-Clark Railway Project
According to the Chinese embassy, the Philippines and China already have a commercial contract of the Subic-Clark Railway project valued at $940 million.
Chinese Ambassador to the Philippines Huang Xilian said, “Our cooperation continues! China and the Philippines just signed the commercial contract for the Subic-Clark railway project. This is so far the highest-funded G2G project between the two countries valued at approx. $940 million and is the flagship project under the administration’s “Build, Build, Build” program.”
The Chinese ambassador added that this project will be located in south-central Luzon. This will link the Clark International Airport with the Subic Bay Freeport Zone and also connect with the Department of Transportation (DOTr)’s North Railway Project.
“The construction period is estimated to last 42 months. Once completed, the railway will build resilient linkages between the commercial zones along the Subic-Clark corridor. Glad to see the improvement in logistic efficiency and other economic activities in the region,” Huang added.