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DOTR to cancel rail-project deal with Chinese firms
THE Department of Transportation (DOTr) plans to terminate the P141.79-billion Philippine National Railways (PNR) South Long-Haul deal that it signed with a Chinese consortium, following the loss of funding source for the said project. Transportation Secretary Jaime J. Bautista told reporters last Monday that the DOTr will likely break off…
Source: businessmirror.com.ph
Philippines quits seeking Chinese loan for Mindanao rail
Philippines quits seeking Chinese loan for Mindanao rail Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
Source: asianews.network
Bautista: DoTr 'rushing' big-ticket infra projects
THE Department of Transportation (DoTr) on Wednesday said it is accelerating the completion of big-ticket infrastructure projects worth P4.8 trillion to restore and sustain the country's transport industry.
Source: manilatimes.net
DOTr's Bautista: PH no longer seeking China funding for two more railway projects
Apart from the P83-billion first phase of the Mindanao Railway Project, the Philippines is also withdrawing its plan to seek Chinese loan financing for two more railway projects, Transportation Secretary Jaime Bautista said Thursday.
Source: gmanetwork.com