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    NFP, an Aon Company, Acquires Sherman Insurance Agency, Inc., Expanding Transportation and Logistics Expertise Across the Upper Midwest and Beyond.

    L to R - Previn Pillay Country Manager Visa Malaysia Bryan Foong CEO of Airline Business MAG.

    Malaysia Airlines and Visa Malaysia Partner to Drive Travel Demand and Deliver Seamless Payment Experiences.

    Protectt.ai Earns Prestigious Great Place To Work® Certification for 2026, Driving AI Innovation Through a People-First Culture.

    Nandini Nagaraj orgainsed spectacular “Miss Universe Karnataka 2026” Grand Finale.

    PM chairs CCS Meeting to review the situation and mitigating measures in the context of ongoing West Asia Conflict

    3M to create a leading fire and safety business; acquires Madison Fire & Rescue and combines with Scott Safety

  • National
    • All
    • Economy & Politics
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    Best Double Door Refrigerators to Buy This Baisakhi 2026.

    HAL Heritage Centre and Aerospace Museum Reopens with Immersive Aerospace Experience

    HAL Hands Over Four ALH Mk III (MR) Helicopters to Indian Coast Guard, Meets Delivery Timeline.

    Bhima Gold Unveils Ashtalakshmi Coin Collection for Akshaya Tritiya, Blending Devotion with Exquisite Design.

    From Classrooms to Careers: Samsung Innovation Campus Certifies 5,000 Youth in Tamil Nadu for an AI-Driven Future.

    Three-day National Agriculture Fair to bring all schemes under one roof for farmers.

  • Business

    MUFG Bank subscribes to 471,121,055 Equity Shares of Shriram Finance.

    Wipro Limited to Announce Results for the Fourth Quarter Ended March 31, 2026, on April 16, 2026.

    NFP, an Aon Company, Acquires Sherman Insurance Agency, Inc., Expanding Transportation and Logistics Expertise Across the Upper Midwest and Beyond.

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    Herbalife to Expand Its Personalized Nutritional Supplement Capabilities Through Planned Acquisition of Bioniq .

    Avee Kids Rebrands as Syoat Kids, Strengthening Its Oat-Focused Care Vision for Children

    Kenvue India and Indian Academy of Pediatrics Bengaluru Spotlight Evidence-Based Skincare for Pediatric Sensitive Skin at ‘Oat Nature Lab’

    MTR Karunadu Swada – Ugadi Special Edition Brings Karnataka’s Culinary Heritage Alive.

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    Zydus Launches Semaglutide Injection in an Innovative, Reusable Multi-Dose Pen Device in India

  • Technology
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    • Environment
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    HAL Hands Over Four ALH Mk III (MR) Helicopters to Indian Coast Guard, Meets Delivery Timeline.

    From Classrooms to Careers: Samsung Innovation Campus Certifies 5,000 Youth in Tamil Nadu for an AI-Driven Future.

    International Conference on Spacecraft Mission Operations (SMOPS-2026) Commences in Bengaluru .

    Protectt.ai Earns Prestigious Great Place To Work® Certification for 2026, Driving AI Innovation Through a People-First Culture.

    Dr. Jitendra Singh inaugurates BioNEST at “Central Food Technology & Research Institute” (CFTRI) Mysuru, Focus on Food Startups

    Auk Computing and Qualcomm Introduce “Make- in- India” AI On-Prem Appliance at India AI Summit 2026

  • Auto

    Tata Motors Delivers First Batch of electric Prima E.55S to BillionE Mobility; Advances Zero-Emission Freight Transport.

    Tata Motors Expands India’s Most Comprehensive Electric CV Portfolio Launches Tata Intra EV Pickup at an unmatched price of Rs. 11.95 lakh.

    Honda Expands Two-Wheeler Production Capacity in India with New Line at Tapukara Plant

    Get Ready to ‘Drive to shine’ with the new Hyundai EXTER at a starting price of INR 5 79 900

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    Greenwood High Hosts High-Performance Multi-Sport Summer Programme with Global Coaching Talent.

    BCCI mourns the passing of former India cricketer C.D. Gopinath.

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    TATA IPL Fan Parks 2026 Phase 2 to cover 30 cities across 18 states & 1 UT

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    A New Era in Luxury Weddings – Vogue Wedding Atelier Debuts in India

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    PMJ Jewels Launches PMJ SuperStar Bracelet and ‘Celebrating Daughters’ Campaign

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    Best Double Door Refrigerators to Buy This Baisakhi 2026.

    Daily Essentials to Global Travel: Choose a Credit Card That Works for You.

    Herbalife to Expand Its Personalized Nutritional Supplement Capabilities Through Planned Acquisition of Bioniq .

    MTR Karunadu Swada – Ugadi Special Edition Brings Karnataka’s Culinary Heritage Alive.

    Zydus Launches Semaglutide Injection in an Innovative, Reusable Multi-Dose Pen Device in India

    Labels Were Never Her Size – Campus Activewear Celebrates Zeenat Aman This Women’s Day.

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Contracts Worth $1.7 Billion Awarded for ADB-Funded Malolos–Clark Railway Project

by FWM
October 9, 2020
in Business
0

MANILA, PHILIPPINES (8 October 2020) — Construction of the Malolos–Clark Railway Project, a flagship Philippine project funded by the is expected to begin soon, following the signing of three civil works contracts worth more than $1.7 billion.

The signing ceremony today was hosted by the Philippines’ Department of Transportation (DOTr), which has so far awarded five civil works contracts for the project totaling $2.5 billion. The first two contracts were signed on 1 August 2020. The project, part of the government’s “Build, Build, Build” infrastructure program, will construct a safe, affordable, reliable, and environment-friendly elevated railway connecting the northern provinces and the capital, Metro Manila.

“This project is, by far, the ADB’s largest ever financing package for a single project, and is the single largest ‘Build, Build, Build’ project to date in the history of the Duterte administration,” said Department of Transportation Secretary Arthur Tugade. “Be assured that we are focused on our goal to make the Filipino life comfortable, the Filipino life convenient.”

“The signing of these contracts means the Malolos–Clark Railway Project construction will now go on full speed, helping the country’s economic revival over the next 12–24 months,” said ADB Director General for Southeast Asia Ramesh Subramaniam. “When completed by 2025 based on current plans, we expect the project to benefit nearly 350,000 commuters daily. We are proud to work with the Philippine government, development partners, and the private sector to deliver this important flagship infrastructure project using modern technology for the country.”

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The Malolos–Clark Railway Project will cut the travel time between Clark in northern Pampanga province and Manila from two to three hours by bus to one hour by train, with a maximum rail speed of up to 160 kilometers (km) per hour. It will reduce greenhouse gas emissions by more than 60,000 tons annually and boost economic activity in regional growth centers like Clark.

The project is expected to create about 24,000 local construction jobs in the next three years. Once completed, the railway system will employ 1,400 people. The project will also spur larger, indirect employment and economic benefits to local businesses and raw material suppliers and manufacturers.

The project is part of the planned 163-km North–South Commuter Railway (NSCR) Project, which aims to reduce road congestion in Metro Manila and surrounding provinces. It will also help cut traffic-related economic costs, which total about $18 billion annually in Metro Manila alone. Once completed by 2040, the entire NSCR is expected to transport up to 1 million passengers daily.

The first contract package of the Malolos–Clark railway line—covering the construction of about 17 km of elevated rail viaduct, seven bridges, and two railway stations—was awarded to the joint venture of Hyundai Engineering & Construction Co., Ltd. and Dong-ah Geological Engineering Company Ltd., both based in the Republic of Korea, and the Philippines’ Megawide Construction Corporation.

Spain’s Acciona Construction Philippines, Inc. and Daelim Industrial Co., Ltd. won the second contract package, covering the building and civil engineering works for about 16 kms of viaducts and one railway station. The third contract package, for the building and civil engineering works for 12 kms of viaducts and two railway stations, was awarded to Italian–Thai Development Public Company Limited.

The other two contract packages were awarded in August to a joint venture of Acciona Construction Philippines, Inc. and EEI Corporation, and the Republic of Korea’s POSCO Engineering and Construction Co., Ltd. A sixth contract for the construction of the Blumentritt station of the railway line will undergo rebidding.

The project is cofinanced by the Japan International Cooperation Agency, which will provide up to $2 billion in additional funding for the rolling stock and railway systems.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

FWM

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