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    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.

    We have delivered a resilient fiscal 2026 amidst an adverse policy in a salient state.”-Mr. Praveen Someshwar, CEO & MD.

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    Global health gains face threat of reversal .

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    Dr. Mansukh Mandaviya to inaugurate 100-bedded ESIC Hospital at Doddaballapur, Karnataka on 3rd May

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    The AI Reckoning: 73% of Executives Report Underwhelming ROI from AI Efforts as Focus Shifts from Hype to High-Stakes Pressure Testing

    Roche receives CE mark for new blood test to detect Alzheimer’s pathology: Elecsys® plasma phosphorylated-tau 217 (pTau217).

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    Air India rationalises international route network through August 2026, to continue operating 1,200+ international flights every month .

    Roche receives CE mark for new blood test to detect Alzheimer’s pathology: Elecsys® plasma phosphorylated-tau 217 (pTau217).

    DKMS Foundation Hosts ‘Lifesaver Honours Night’ to Celebrate Changemakers in the Fight Against Blood Cancer.

    Jammu Directly Linked with Kashmir via Passenger Train for the First Time .

    D2C Nutrition Brand Beast Life Launches World’s First Clinically Studied Nano Creatine ‘Creatine Nano 400’; Targets ₹500 Crore ARR in Next 3 Years

    Athulya Senior Care Inks Landmark MoU with SingHealth to Advance Senior Care, Training, and Research Collaboration.

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    Air India rationalises international route network through August 2026, to continue operating 1,200+ international flights every month .

    Global health gains face threat of reversal .

    IBM Launches Sports Tech Startup Challenge at Web Summit Vancouver .

    The AI Reckoning: 73% of Executives Report Underwhelming ROI from AI Efforts as Focus Shifts from Hype to High-Stakes Pressure Testing

    NFP, an Aon company, Expands Private Wealth Offering with Acquisition of Metis Ireland

    Roche receives CE mark for new blood test to detect Alzheimer’s pathology: Elecsys® plasma phosphorylated-tau 217 (pTau217).

  • National
    • All
    • Economy & Politics
    • Election

    HCL Jigsaw Opens Registrations for 7th Edition with Rs 12 Lakh Prize Pool, Reimagines Innovation Learning for Students.

    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.

    CCPA Imposes Penalty on Coaching Institutes for misleading advertisements and unfair trade practices .

    We have delivered a resilient fiscal 2026 amidst an adverse policy in a salient state.”-Mr. Praveen Someshwar, CEO & MD.

    Kouzina Eyes RS. 200 Cr Milestone as It Scales India’s Largest Franchise Partner-Led Cloud Kitchen Network.

    Bombay Shirt Company and JioStar Unite to Bring a Fresh Take to ‘On-Air Styling’ for India’s Biggest Summer Cricket Broadcast.

  • 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.

    We have delivered a resilient fiscal 2026 amidst an adverse policy in a salient state.”-Mr. Praveen Someshwar, CEO & MD.

    JLR DELIVERS SIGNIFICANTLY IMPROVED Q4 PERFORMANCE IN CHALLENGING YEAR .

  • Health

    Global health gains face threat of reversal .

    Roche receives CE mark for new blood test to detect Alzheimer’s pathology: Elecsys® plasma phosphorylated-tau 217 (pTau217).

    DKMS Foundation Hosts ‘Lifesaver Honours Night’ to Celebrate Changemakers in the Fight Against Blood Cancer.

    DKMS Foundation India Launches Free HLA Typing for Children with Thalassaemia.

    Dr. Mansukh Mandaviya to inaugurate 100-bedded ESIC Hospital at Doddaballapur, Karnataka on 3rd May

    Strengthening healthcare infrastructure is essential -Dinesh Gundu Rao,Minister for Health & Family Welfare.

  • Technology
    • All
    • Environment
    • Science

    AI-Powered Financial Inclusion in India

    The AI Reckoning: 73% of Executives Report Underwhelming ROI from AI Efforts as Focus Shifts from Hype to High-Stakes Pressure Testing

    Roche receives CE mark for new blood test to detect Alzheimer’s pathology: Elecsys® plasma phosphorylated-tau 217 (pTau217).

    India’s AI Boom Faces Reality Check as ROI and Governance Lag: ISACA Report.

    CAQM conducts inspection drive in Noida, directs Intensified Mitigation and Strict Enforcement

    National Health Authority concludes AB PM-JAY Auto-Adjudication Hackathon Showcase 2026 at IISc Bengaluru; winning teams awarded

  • Auto

    JLR DELIVERS SIGNIFICANTLY IMPROVED Q4 PERFORMANCE IN CHALLENGING YEAR .

    Tata Motors Limited (formerly TML Commercial Vehicles Ltd.) Q4 & full year FY26 Results.

    ROLLS-ROYCE INTRODUCES NEW BESPOKE CRAFTS INSPIRED BY FIVE CENTURIES OF DECORATIVE ARTS.

    Porsche streamlines the Executive Board: Car-IT to be part of R&D in the future.

  • Sports

    Bombay Shirt Company and JioStar Unite to Bring a Fresh Take to ‘On-Air Styling’ for India’s Biggest Summer Cricket Broadcast.

    Macneil Noronha named replacement for injured Ramakrishna Ghosh.

    9th Edition of Save Water Cup 2026 Inaugurated at Gopalan Cricket Ground.

    IBM Launches Sports Tech Startup Challenge at Web Summit Vancouver .

  • 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

    Air India rationalises international route network through August 2026, to continue operating 1,200+ international flights every month .

    Roche receives CE mark for new blood test to detect Alzheimer’s pathology: Elecsys® plasma phosphorylated-tau 217 (pTau217).

    DKMS Foundation Hosts ‘Lifesaver Honours Night’ to Celebrate Changemakers in the Fight Against Blood Cancer.

    Jammu Directly Linked with Kashmir via Passenger Train for the First Time .

    D2C Nutrition Brand Beast Life Launches World’s First Clinically Studied Nano Creatine ‘Creatine Nano 400’; Targets ₹500 Crore ARR in Next 3 Years

    Athulya Senior Care Inks Landmark MoU with SingHealth to Advance Senior Care, Training, and Research Collaboration.

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

by FWM
May 24, 2019
in Business
0

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.

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“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

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