Thursday, 5 July 2007

PNR remits $14.7M to South Korean consortium

BY MARICEL E. ESTAVILLO, Senior Reporter
Full report at BusinessWorld Online
http://www.bworldonline.com/BW070507/content.php?id=051

State-owned Philippine National Railways (PNR) has remitted $14.7 million in advance payment, representing 30% of the total cost of $49.096 million, to the South Korean consortium tapped to build the 34-kilometer Caloocan-to-Alabang rail line.

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