Government still wants China as railway loan source
The Department of Transportation hopes to keep China as the funder for three railways in Luzon and Mindanao, as it doubts whether Japan can finance additional infrastructure due to its exposure to big-ticket projects. In an interview on One News’ “The Chiefs” Thursday night, Transportation Undersecretary Cesar Chavez said it may be difficult to pitch the railway projects supposed to be bankrolled by China to other financiers like Japan.