ADB approves $2.75-B financing for Malolos-Clark railway

ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2019/news/05/23/site.jpg"/><figcaption>Construction of the Philippine National Railways Clark Phase 1, spanning from Tutuban in Manila to Malolos, Bulacan, launches at Malolos, Bulacan on February 15, 2019.<em> Mark Demayo, ABS-CBN News</em></figcaption></figure></div><p>MANILA - The Asian Development Bank on Thursday said it approved financing of up to $2.75 billion for the construction of the Malolos-Clark railway.</p><p>The 53.1 kilometer train line will connect Malolos in Bulacan to the Clark International Airport, the Manila-based lender said in a statement. </p><p>Once completed, the project is expected to cut travel time from Manila to Clark to less than an hour and to serve 342,000 passengers daily, it said. </p><p>The railway project can help ease road congestion in Manila, reduce air pollution and cut transport cost while spurring economic growth in Central Luzon, the ADB said. </p><p>“ADB’s partnership with the Philippines has always been strong, and it has become stronger in the last three years,” said ADB President Takehiko Nakao.</p><p>The Malolos-Clark line is part of the 163-km North-South Commuter Railway Project, which aims to connect New Clark City to Calamba in Laguna. It is expected to be completed by 2025.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/video/business/02/16/19/ph-japanese-officials-lead-groundbreaking-of-north-south-commuter-railway-project">PH, Japanese officials lead groundbreaking of north-south commuter railway project</a></li></ul><blockquote class="twitter-tweet" data-lang="en"><p dir="ltr" lang="en">NOW: Officials from Asian Development Bank, PH gov&#x27;t hold press briefing on approval of loan for Malolos-Clark Railway project which is part of the North-South Commuter Railway project <a href="https://t.co/fI1CUNhZ1M">pic.twitter.com/fI1CUNhZ1M</a></p>— Bruce T. Rodriguez (@BruceTRodriguez) <a href="https://twitter.com/BruceTRodriguez/status/1131414268056809475?ref_src=twsrc%5Etfw">May 23, 2019</a></blockquote><script async="" src="https://platform.twitter.com/widgets.js" charSet="utf-8" type="text/javascript"></script>

<p>It will support the construction of the 53.1 kilometer passenger railway which will connect Malolos in Bulacan to the Clark International Airport, ADB said in a statement. <br /> </p>

It will support the construction of the 53.1 kilometer passenger railway which will connect Malolos in Bulacan to the Clark International Airport, ADB said in a statement.

ADB approves $2.75-B financing for Malolos-Clark railway | ABS-CBN

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ADB approves $2.75-B financing for Malolos-Clark railway

ADB approves $2.75-B financing for Malolos-Clark railway

ABS-CBN News

Published May 23, 2019 01:43 PM PHT

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North-South Commuter Railway

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Malolos-Clark Railway project

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