A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.
The 50-billion-peso ($868 million) Subic-Clark railway, which will link the former US military bases turned commercial hubs, is being pitched to form part of the Luzon Economic Corridor, a planned showcase of economic cooperation between the US, Japan and the Philippines that was hatched during the first trilateral summit.
Read more : https://www.bloomberg.com/news/articles/2024-04-19/philippines-wants-us-japan-to-take-over-rail-deal-eyed-by-china?srnd=economics-v2 (Bloomberg)
