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    L&T Technology Services Global EI Hackathon Sparks the Next Wave of AI-Native Engineering Solutions .

    Nita Ambani Announces India-America Health Alliance Partnership at AAPI’s 44th Annual Convention, Received AAPI Humanitarian Award 2026.

    Clearance of footpath encroachments will continue in the limits of the five municipal corporations: Chief Minister D.K. Shivakumar So far, 435 km of footpaths have been cleared of encroachment.

    BlueRose Technologies Launch Worlds First Ever Digital Heirloom – LifeTree.

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    BlueRose Technologies Launch Worlds First Ever Digital Heirloom – LifeTree.

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    L&T Technology Services Global EI Hackathon Sparks the Next Wave of AI-Native Engineering Solutions .

    KATALYST CONNECT: Chief Minister D.K. Shivakumar Chairs Strategic Meeting with GCC Leaders to Shape Karnataka’s Next Phase of Innovation-Led Growth.

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    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

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    BlueRose Technologies Launch Worlds First Ever Digital Heirloom – LifeTree.

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    L&T Technology Services Global EI Hackathon Sparks the Next Wave of AI-Native Engineering Solutions .

    Nita Ambani Announces India-America Health Alliance Partnership at AAPI’s 44th Annual Convention, Received AAPI Humanitarian Award 2026.

    Malaysian delegation led by Malaysian Indian Congress President Tan Sri S. Vigneswaran M. Sanasee met with Karnataka Chief Minister D.K. Shivakumar

    Prime Minister addresses the Indian Diaspora in Australia .

    Prime Minister addresses Australia-India CEOs Forum and Economic Roadmap Business event

    TCS begins FY27 with continued growth; wins multiple AI transformation deals.

  • National
    • All
    • Economy & Politics
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    L&T Technology Services Global EI Hackathon Sparks the Next Wave of AI-Native Engineering Solutions .

    Nita Ambani Announces India-America Health Alliance Partnership at AAPI’s 44th Annual Convention, Received AAPI Humanitarian Award 2026.

    Clearance of footpath encroachments will continue in the limits of the five municipal corporations: Chief Minister D.K. Shivakumar So far, 435 km of footpaths have been cleared of encroachment.

    BlueRose Technologies Launch Worlds First Ever Digital Heirloom – LifeTree.

    Prathyusha Challuru headlines the Maharani Trophy KSCA T20 Player Auction.

    Pidilite’s Fevicryl Launches Children’s Art Range ‘Fevicryl YUDU’.

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    BlueRose Technologies Launch Worlds First Ever Digital Heirloom – LifeTree.

    Prime Minister addresses Australia-India CEOs Forum and Economic Roadmap Business event

    TCS begins FY27 with continued growth; wins multiple AI transformation deals.

  • Health

    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

    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.

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

  • Technology
    • All
    • Environment
    • Science

    L&T Technology Services Global EI Hackathon Sparks the Next Wave of AI-Native Engineering Solutions .

    KATALYST CONNECT: Chief Minister D.K. Shivakumar Chairs Strategic Meeting with GCC Leaders to Shape Karnataka’s Next Phase of Innovation-Led Growth.

    OPPO India Elevates Creative Photography with Reno16 Series featuring AI Portrait Camera and AI Remix Collage.

    Global demand for LNG expected to grow by 65% by 2050

    Movate and MelodyArc Announce Applied AI Partnership to Transform CX Operations with AI-Powered Workflow Orchestration

    Qualcomm India Opens Registrations for Snapdragon Multiverse Hackathon to Build Multi-Device AI Solutions.

  • Auto

    MG Windsor Sets an Electrifying Record: Over 75k Units Sold Under Two Years .

    Honda Cars India registers 13.5% growth in domestic sales with 5,243 units in June’26.

    IAA MOBILITY 2027 Registration Now Open

    Daimler India Commercial Vehicles (DICV) also joins the Government of India scheme to provide discounts for the replacement of old trucks and buses in Delhi-NCR.

  • Sports

    Prathyusha Challuru headlines the Maharani Trophy KSCA T20 Player Auction.

    Chess Meets Coffee Culture as Roastery Coffee House Joins Global Chess League as Official Coffee Partner Ahead of Season 4.

    Quantbox Chennai Grand Masters Returns for Fourth Edition; World Champion Gukesh, Arjun Erigaisi Headline Field as Fans Get Exclusive Photo Access.

    Assetz Announces Partnership with Rohan Bopanna Tennis Academy.

  • Entertainment

    Yamaha Music India Launches EAD50 With Acclaimed Drummer Ranjit Barot As Yamaha Artist.

    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

  • Lifestyle
    • All
    • Food
    • Travel

    BlueRose Technologies Launch Worlds First Ever Digital Heirloom – LifeTree.

    Katrina Kaif Is Back as Bonn’s Face – How the Brand Is Turning Her Star Power Into Lasting Brand Equity

    Yamaha Music India Launches EAD50 With Acclaimed Drummer Ranjit Barot As Yamaha Artist.

    ABD’s ICONiQ White Whisky Achieves Highest-Ever Monthly Sales, Over 1 Million Cases in a Month.

    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.

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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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