Thursday, June 18, 2026
24*7 News World
  • Home
  • World
    PHOTO CREDIT-AIR INDIA

    Air India introduces ‘basic’ fare option, expanding customer choice in economy class on domestic travel.

    PHOTO CREDIT-Piaggio Group

    The Piaggio Group and Rome celebrate the Vespa’s 80th anniversary.

    Bharat Innovates 2026 begins in Nice, forging new India–Europe deep-tech partnerships.

    Prime Minister of India Shri Narendra Modi and French President HE Emmanuel Macron Inaugurate “Bharat Innovates 2026”, Strengthening Indo-French Deep Tech Alliance

    PHOTO CREDIT-AIR INDIA

    From your home city to the world: Air India introduces ‘Easy Connect’ flights, leads rollout from Varanasi on 25 June

    Janet Truncale and Ajay Anand inaugurate ey.ai Center of Reimagination

    EY GDS Launches ey.ai Center for Reimagination in Bengaluru.

  • National
    • All
    • Economy & Politics
    • Election

    Final Window Till June 30 to Pay Penalty for Cancelled Newspaper Titles: PRGI Advisory

    PHOTO CREDIT-AIR INDIA

    Air India introduces ‘basic’ fare option, expanding customer choice in economy class on domestic travel.

    Orient Electric launches India’s most silent fan Aerosilent.

    SWRWWO-Bengaluru Division Donates Groceries and Medical Consumables to Old-Age Home.

    ISKCON Bangalore Releases ‘Srila Prabhupada Charitamrutam’First Kannada Mahākāvya on the Life of Śrīla Prabhupāda .

    Highways Transformation: Powering India’s Journey Towards Viksit Bharat

  • Business

    Lockheed Martin, GM Defense Collaborate to Strengthen America’s Manufacturing and Defense Industrial Base

    Tata Steel reports Consolidated EBITDA of Rs 34,848 crores and Profit after Tax of Rs 10,886 crores for the twelve months ended March 31, 2026

    Bharat Innovates 2026 begins in Nice, forging new India–Europe deep-tech partnerships.

  • Health
    Mr. Ravindran Govindan, Chairman of Fischer Medical Ventures Limited.

    NYB.AI Featured in NVIDIA GTC Taiwan 2026 Opening Showcase, Marking Milestone in AI-Driven Drug Discovery Collaboration.

    Narayana Health City Performs India’s First Pulsed Field Ablation for Advanced Treatment of Atrial Fibrillation.

    WellSpan Health and Philips Announce Landmark Strategic Alliance, Accelerating Innovation and Research Across Central Pennsylvania and Northern Maryland

    Dr. M. R. Jayaram, Chancellor, RISM, and other RISM members addressed a press meet organized on Monday, 1st June 2026 at the Ramaiah Institute of Science and Management, Bengaluru

    Ramaiah Group and University at Albany Launch RISM, India’s First Greenfield Deemed-to-be University Focused on STEM and Management.

    Samsung Announces World-First Breakthrough in Fainting Prediction With Galaxy Watch.

    PHOTO CREDIT-PHILIPS

    Disney and Philips bring together beloved storytelling and innovative technology to support kids undergoing MRI exams

  • Technology
    • All
    • Environment
    • Science

    India’s Space Economy Poised to Reach USD 45 Billion in Next Decade; over 400 Space StartUps driving the next phase of growth: Dr Jitendra Singh .

    Union Minister Dr. Jitendra Singh Calls for Stronger Industry-Academia Partnerships to Accelerate Science-Led Growth.

    SAP Labs India Unveils 2026 Startup Studio Cohort Focused on Enterprise AI and Deep-Tech Innovation.

    Cisco Unveils Agentic Platform for Operating and Defending Critical IT Infrastructure.

    IIMC launches AI academy in Media & Entertainment to build future-ready AI capabilities in Indian Media

    IBM and Red Hat Commit $5 Billion to Redefine the Future of Open Source in the AI Era.

  • Auto
    PHOTO CREDIT-Piaggio Group

    The Piaggio Group and Rome celebrate the Vespa’s 80th anniversary.

    Flex Fuel Vehicles offer India a practical solution to reduce crude oil imports, provide additional income to Indian farmers, and advance low-carbon mobility: Sh. Hardeep Singh Puri

    Audi announces third generation of the Q7.

    India’s First D+ SUV - MG MAJESTOR

    MG MAJESTOR 4X2 Automatic Top Trim Launched at INR 40.99 Lakhs(ex-showroom price)

  • Sports
    Image Credits: APL

    Gold for Kumkum Mohod and Dhiraj Bommadevara at World Cup Stage 3.

    Karun Nair Named Coastal Kings Mangaluru Captain Ahead of Maharaja Trophy KSCA T20 Season 5

    Hyderabad to Host Second Season of Archery Premier League This October; World’s Top Archers to Compete.

    Rahul Dravid Unveils Glittering Maharaja Trophy KSCA T20 for Season 5.

  • Entertainment

    Actor Dr. Rajkumar’s 97th birthday celebration on April 24th, at 10.30 am in Dr. Rajkumar Punyabhoomi premises of the Sri Kanteerava Studio .

    Doordarshan Chandana has launched an innovative farmers’ reality show named “Raitaratna” (ರೈತರತ್ನ).

    Phoenix Marketcity brings you a legendary live concert by PADMA BHUSHAN KS CHITRA.

    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

    “Virgin Boys” – A Bold Telugu Youth Drama Captures Hearts Across Theatres

  • Lifestyle
    • All
    • Food
    • Travel
    PHOTO CREDIT-AIR INDIA

    Air India introduces ‘basic’ fare option, expanding customer choice in economy class on domestic travel.

    Samsung Announces World-First Breakthrough in Fainting Prediction With Galaxy Watch.

    “Our vision is to make nutrition a standard feature in every kitchen, not a luxury.”-Mr. Jambulingappa Hosmani, MD, Panchamrutha Industries Pvt. Ltd

    Change in timings of ration distribution and fair price shops in Bengaluru.

    Barbeque Nation presents with Kenneth Gopinath.

    HCG Expands Oncology Presence with New Hebbal Hospital.

No Result
View All Result
24*7 News World
  • Home
  • World
    PHOTO CREDIT-AIR INDIA

    Air India introduces ‘basic’ fare option, expanding customer choice in economy class on domestic travel.

    PHOTO CREDIT-Piaggio Group

    The Piaggio Group and Rome celebrate the Vespa’s 80th anniversary.

    Bharat Innovates 2026 begins in Nice, forging new India–Europe deep-tech partnerships.

    Prime Minister of India Shri Narendra Modi and French President HE Emmanuel Macron Inaugurate “Bharat Innovates 2026”, Strengthening Indo-French Deep Tech Alliance

    PHOTO CREDIT-AIR INDIA

    From your home city to the world: Air India introduces ‘Easy Connect’ flights, leads rollout from Varanasi on 25 June

    Janet Truncale and Ajay Anand inaugurate ey.ai Center of Reimagination

    EY GDS Launches ey.ai Center for Reimagination in Bengaluru.

  • National
    • All
    • Economy & Politics
    • Election

    Final Window Till June 30 to Pay Penalty for Cancelled Newspaper Titles: PRGI Advisory

    PHOTO CREDIT-AIR INDIA

    Air India introduces ‘basic’ fare option, expanding customer choice in economy class on domestic travel.

    Orient Electric launches India’s most silent fan Aerosilent.

    SWRWWO-Bengaluru Division Donates Groceries and Medical Consumables to Old-Age Home.

    ISKCON Bangalore Releases ‘Srila Prabhupada Charitamrutam’First Kannada Mahākāvya on the Life of Śrīla Prabhupāda .

    Highways Transformation: Powering India’s Journey Towards Viksit Bharat

  • Business

    Lockheed Martin, GM Defense Collaborate to Strengthen America’s Manufacturing and Defense Industrial Base

    Tata Steel reports Consolidated EBITDA of Rs 34,848 crores and Profit after Tax of Rs 10,886 crores for the twelve months ended March 31, 2026

    Bharat Innovates 2026 begins in Nice, forging new India–Europe deep-tech partnerships.

  • Health
    Mr. Ravindran Govindan, Chairman of Fischer Medical Ventures Limited.

    NYB.AI Featured in NVIDIA GTC Taiwan 2026 Opening Showcase, Marking Milestone in AI-Driven Drug Discovery Collaboration.

    Narayana Health City Performs India’s First Pulsed Field Ablation for Advanced Treatment of Atrial Fibrillation.

    WellSpan Health and Philips Announce Landmark Strategic Alliance, Accelerating Innovation and Research Across Central Pennsylvania and Northern Maryland

    Dr. M. R. Jayaram, Chancellor, RISM, and other RISM members addressed a press meet organized on Monday, 1st June 2026 at the Ramaiah Institute of Science and Management, Bengaluru

    Ramaiah Group and University at Albany Launch RISM, India’s First Greenfield Deemed-to-be University Focused on STEM and Management.

    Samsung Announces World-First Breakthrough in Fainting Prediction With Galaxy Watch.

    PHOTO CREDIT-PHILIPS

    Disney and Philips bring together beloved storytelling and innovative technology to support kids undergoing MRI exams

  • Technology
    • All
    • Environment
    • Science

    India’s Space Economy Poised to Reach USD 45 Billion in Next Decade; over 400 Space StartUps driving the next phase of growth: Dr Jitendra Singh .

    Union Minister Dr. Jitendra Singh Calls for Stronger Industry-Academia Partnerships to Accelerate Science-Led Growth.

    SAP Labs India Unveils 2026 Startup Studio Cohort Focused on Enterprise AI and Deep-Tech Innovation.

    Cisco Unveils Agentic Platform for Operating and Defending Critical IT Infrastructure.

    IIMC launches AI academy in Media & Entertainment to build future-ready AI capabilities in Indian Media

    IBM and Red Hat Commit $5 Billion to Redefine the Future of Open Source in the AI Era.

  • Auto
    PHOTO CREDIT-Piaggio Group

    The Piaggio Group and Rome celebrate the Vespa’s 80th anniversary.

    Flex Fuel Vehicles offer India a practical solution to reduce crude oil imports, provide additional income to Indian farmers, and advance low-carbon mobility: Sh. Hardeep Singh Puri

    Audi announces third generation of the Q7.

    India’s First D+ SUV - MG MAJESTOR

    MG MAJESTOR 4X2 Automatic Top Trim Launched at INR 40.99 Lakhs(ex-showroom price)

  • Sports
    Image Credits: APL

    Gold for Kumkum Mohod and Dhiraj Bommadevara at World Cup Stage 3.

    Karun Nair Named Coastal Kings Mangaluru Captain Ahead of Maharaja Trophy KSCA T20 Season 5

    Hyderabad to Host Second Season of Archery Premier League This October; World’s Top Archers to Compete.

    Rahul Dravid Unveils Glittering Maharaja Trophy KSCA T20 for Season 5.

  • Entertainment

    Actor Dr. Rajkumar’s 97th birthday celebration on April 24th, at 10.30 am in Dr. Rajkumar Punyabhoomi premises of the Sri Kanteerava Studio .

    Doordarshan Chandana has launched an innovative farmers’ reality show named “Raitaratna” (ರೈತರತ್ನ).

    Phoenix Marketcity brings you a legendary live concert by PADMA BHUSHAN KS CHITRA.

    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

    “Virgin Boys” – A Bold Telugu Youth Drama Captures Hearts Across Theatres

  • Lifestyle
    • All
    • Food
    • Travel
    PHOTO CREDIT-AIR INDIA

    Air India introduces ‘basic’ fare option, expanding customer choice in economy class on domestic travel.

    Samsung Announces World-First Breakthrough in Fainting Prediction With Galaxy Watch.

    “Our vision is to make nutrition a standard feature in every kitchen, not a luxury.”-Mr. Jambulingappa Hosmani, MD, Panchamrutha Industries Pvt. Ltd

    Change in timings of ration distribution and fair price shops in Bengaluru.

    Barbeque Nation presents with Kenneth Gopinath.

    HCG Expands Oncology Presence with New Hebbal Hospital.

No Result
View All Result
24*7 News World
No Result
View All Result
Home Business

ADB Approves $2.75 Billion Support for Malolos–Clark Railway Project

FWM by FWM
May 24, 2019
in Business
0
A rendering of the Malolos–Clark Railway Project. Photo courtesy of JICA.

A rendering of the Malolos–Clark Railway Project. Photo courtesy of JICA.

MANILA, PHILIPPINES (23 May 2019) — 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.

ADVERTISEMENT

“ADB’s partnership with the Philippines has always been strong, and it has become stronger in the last three years,” said ADB President Mr. Takehiko Nakao. “The government’s Build, Build, Build (BBB) program is clearly steering the much-needed acceleration in infrastructure spending, from less than 2% of gross domestic product a decade ago to 6.3% now, well on track to achieve the 7% target by 2022. One of the key flagship projects of the BBB program is the Malolos–Clark railway.”

“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 Mr. Nakao.

ADB’s 2018–2023 Country Partnership Strategy for the Philippines envisages significant and wide-ranging support for the BBB program, among other critical investments in education, financial inclusion, and economic policy reforms.

ADB will be financing civil works of the Malolos–Clark Railway Project, including the stations, bridges, and viaducts for the elevated railway alignment, and a tunnel leading to the underground station at Clark International Airport. It will also assist the government in using global standards for procurement and environmental and resettlement safeguards.

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

“Our cofinancing partnership with JICA allows both our institutions to combine our expertise and knowledge in building a world-class railway in the Philippines,” said ADB Principal Transport Specialist for Southeast Asia Mr. Markus Roesner.

The project includes the construction of two rail segments—a 51.2-km section connecting Malolos City in Bulacan province to the thriving Clark regional growth center and a 1.9-km extension connecting the NSCR to the Blumentritt Station in Manila, where an elevated interchange station for Light Rail Transit Line 1 will be built.

The rail stations will include multimodal facilities, allowing commuters to easily transfer from public buses and jeepneys to the trains. The underground station at the Clark International Airport will provide a short connection to upcoming and future airport terminals.

The project will be built on an elevated alignment, helping reduce the impact on communities, avoid disruption of activities, and mitigate flood risks along the route. It will use innovative construction methods such as pre-fabricated viaduct segments, which limits the need for land acquisition and accelerates construction. High-quality construction methods will be used to achieve the maximum rail speed of up to 160 km per hour.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. In 2018, it made commitments of new loans and grants amounting to $21.6 billion. Established in 1966, it is owned by 68 members—49 from the region.

Tags: Philippine government’s North–South Commuter Railway (NSCR) project
FWM

FWM

Related Posts

Business

Lockheed Martin, GM Defense Collaborate to Strengthen America’s Manufacturing and Defense Industrial Base

by FWM
June 16, 2026
Business

Tata Steel reports Consolidated EBITDA of Rs 34,848 crores and Profit after Tax of Rs 10,886 crores for the twelve months ended March 31, 2026

by FWM
June 15, 2026
Business

Bharat Innovates 2026 begins in Nice, forging new India–Europe deep-tech partnerships.

by FWM
June 15, 2026
Business

Prime Minister of India Shri Narendra Modi and French President HE Emmanuel Macron Inaugurate “Bharat Innovates 2026”, Strengthening Indo-French Deep Tech Alliance

by FWM
June 14, 2026
Janet Truncale and Ajay Anand inaugurate ey.ai Center of Reimagination
Business

EY GDS Launches ey.ai Center for Reimagination in Bengaluru.

by FWM
June 13, 2026

Stay Connected

    Final Window Till June 30 to Pay Penalty for Cancelled Newspaper Titles: PRGI Advisory

    June 17, 2026
    PHOTO CREDIT-AIR INDIA

    Air India introduces ‘basic’ fare option, expanding customer choice in economy class on domestic travel.

    June 16, 2026

    Lockheed Martin, GM Defense Collaborate to Strengthen America’s Manufacturing and Defense Industrial Base

    June 16, 2026

    Recent News

    Final Window Till June 30 to Pay Penalty for Cancelled Newspaper Titles: PRGI Advisory

    June 17, 2026
    PHOTO CREDIT-AIR INDIA

    Air India introduces ‘basic’ fare option, expanding customer choice in economy class on domestic travel.

    June 16, 2026

    Lockheed Martin, GM Defense Collaborate to Strengthen America’s Manufacturing and Defense Industrial Base

    June 16, 2026

    Tata Steel reports Consolidated EBITDA of Rs 34,848 crores and Profit after Tax of Rs 10,886 crores for the twelve months ended March 31, 2026

    June 15, 2026
    ADVERTISEMENT

    © 2018 | Fortune World Media | MEDIA & ENTERTAINMENT CO. IN | Powered by Raja's Digital

    error: Content is protected !!
    No Result
    View All Result
    • Home
    • World
    • National
    • Business
    • Economy & Politics
    • Election
    • Health
    • Technology
    • Auto
    • Sports
    • Entertainment
    • Lifestyle

    © 2018 | Fortune World Media | MEDIA & ENTERTAINMENT CO. IN | Powered by Raja's Digital

    Go to mobile version