ADB approves $2.75 billion support for Malolos–Clark railway project

The Asian Development Bank (ADB) has approved financing of up to $2.75 billion for the construction of 53.1 kilometers (km) of a passenger railway connecting Malolos, a suburb north of Manila, to Clark economic zone and Clark International Airport in Central Luzon.

The Malolos–Clark railway is part of the Philippine government’s North-South Commuter Railway (NSCR) project, a 163-km suburban railway network stretching from New Clark City in Tarlac province in the north to Calamba in Laguna province in the south of Manila. The NSCR project is expected to be completed by 2025.

The Malolos–Clark Railway Project will provide safe, reliable, and affordable public transport for a total of about 342,000 passengers expected to travel daily along the Manila–Clark corridor and up to 696,000 passengers per day to Calamba by 2025. It is estimated to cut the travel time from Metro Manila to Clark International Airport to less than one hour by rail, compared with 2 to 3 hours by car or bus today. The project is expected to be partially operational from 2022.

The Malolos–Clark Railway Project will help ease the current chronic road congestion in Metro Manila, reduce air pollution, cut the costs of transport and logistics, spur economic growth in central Luzon, and encourage a population shift from the capital to growth centers in the north, such as Clark in Pampanga.

“It will be ADB’s single largest infrastructure project financing ever, and from a development perspective, we are pleased this investment is taking place in ADB’s host country. The project, combined with other investments in light rail transit, metro rail transit, and subway systems, will bring back the culture of rail transport in Metro Manila,” said ADB President Mr. Takehiko Nakao.

The project is co-financed with up to $2 billion by the Japan International Cooperation Agency (JICA), which will finance the rolling stock and the railway systems.

Original source: ADB
Published on 23 May 2019