The Asian Development Bank (ADB) has approved a $1.45 billion loan as the second and final tranche of its financing facility for the Malolos–Clark Railway Project (MCRP), a flagship initiative that aims to connect northern and southern Luzon to Metro Manila through a safe and climate-resilient mass transit system.
The MCRP is a 53.1-kilometer stretch of the 163-km North–South Commuter Railway (NSCR), which is designed to reduce travel time, cut greenhouse gas emissions, and spur regional integration in Central Luzon.
The ADB had previously approved a $1.3 billion loan in 2019 for the first phase of the project, which has been fully utilized.
“The Malolos–Clark Railway Project is one of ADB’s biggest project financing in the entire Asia and Pacific region,” said ADB Philippines Country Director Pavit Ramachandran. “We are proud to partner with the government in making the vision of a world-class mass transportation system in the country a reality. This major transformative project will spur more investments, create jobs, and contribute to sustaining the country’s growth momentum.”
The railway segment will include regular commuter trains, express services, and the country’s first airport express trains linking directly to Clark International Airport.
Aside from decongesting Metro Manila, the project is expected to promote regional economic integration and help shift commuters from private vehicles to public transport, reducing carbon emissions.
The Japan International Cooperation Agency (JICA) is cofinancing the project and will supply the rolling stock and core railway systems, including tracks, electrical and mechanical components.
ADB said it will continue to support the project through technical assistance, including livelihood support for affected communities. – LogisticsNewsAsia.com