PBBM leads PNR south railway ceremonial signing
CALAMBA CITY, Laguna. — President Ferdinand “Bongbong” Marcos Jr. (PBBM) leads the ceremonial signing of the contracts for the Philippine National Railways (PNR) South Commuter Railway Project on Thursday morning, October 6, 2022, at the Jose Rizal Monument, The Plaza, Calamba City, Laguna.
The President, welcomed by Calamba City Mayor Roseller Rizal, was joined by the Ambassador of the Republic of Korea to the Philippines His Excellency Kim Inchul, Charge d’ Affaires, Ad Interim of the Embassy of the Republic of Turkey to the Philippines Ceren Nur Coskun, Asian Development Bank (ADB) Vice President for East Asia, Southeast Asia and the Pacific Ahmed Saeed, Transportation Secretary Jaime Bautista, and other local officials.
It was announced in June 2022 that the Asian Development Bank (ADB) would finance the project for a total of $4.3 billion or P227.6 billion in loan financing.
The railway system will have 18 stations traversing ten cities, namely City of Manila, Makati City, Taguig City, Parañaque City, Muntinlupa City, San Pedro City, Biñan City, Santa Rosa City, Cabuyao City, and Calamba City.
Based on the project perspective, a connecting tunnel will also allow the operation of direct trains from Calamba to future Metro Manila Subway system stations, further reducing the travel time between Manila and Calamba from 2.5 hours down to an hour.
The contract signing signifies the successful bid for the four different stages of the project, to be supervised by joint venture agreements between corporations from the Republic of Korea and the Republic of Turkey.
The South Commuter Railway project is seen to strengthen the Philippines’ economic recovery from the devastating impact of the COVID-19 pandemic as it is expected to create more than 35,500 jobs during construction and over 3,200 permanent jobs during construction operations.
