Friday, 8 January 2010

Rail deals to be inked this year

http://www.bworldonline.com/BW080609/content.php?id=051

THE PHILIPPINE National Railways (PNR) expects deals on two major projects to be signed this year that will be funded by official development assistance totaling $350 million from South Korea and China.

PNR General Manager Manuel D. Andal said in a recent phone interview that his office expects the $92-million loan agreement with the Export-Import Bank of Korea for the 27-kilometer Phase 2 of the Northrail-Southrail Linkage project, which will run from Alabang to Calamba (phase 1 covers the 34-km stretch from Caloocan to Alabang), to be signed this September.

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