China wins $2.7 billion rail contract in Philippines
The Philippine Department of Transportation (DOTr) and a joint venture between Chinese companies have signed a $2.76 billion (PHP 142 billion) contract for the PNR Bicol Rail Project (South Long Haul Project).
This is reported by the railway magazine Railway Supply with reference to the China Railway Group.
CREC joint venture, which includes China Railway Group, China Railway No. 3 Engineering Group and China Railway Engineering Consulting Group, will be responsible for the design, construction and electromechanical works on the first 380 km of the line from Banlic, Calamba to Daraga, Albay.
The project will also include the construction of 23 stations, 230 bridges, 10 passenger tunnels and a 70 hectare depot in San Pablo, Laguna.
The project, implemented by DOTr and the Philippine National Railways (PNR), will consist of a 565 km rail system linking the Manila metropolitan area with the southern Luzon provinces of Sorsogon and Batangas.
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