GM Ragragio and Albay Goc. Joey Salceda personally went and inspected the Travesia Bridge in Guinobatan, Albay. Once this is completed, Bicol Express can reach Legazpi again.
Photos originally uploaded from Gov. Salceda's FB page.
A group involving Marubeni Corp. has won a billion-dollar contract to expand the Philippine capital's railway system, the Japanese firm's local partner said Tuesday.
Marubeni and a unit of DMCI Holdings Inc. is to build a 22-kilometre (13.7-mile) extension of Metro Rail Transit, listed DMCI disclosed to the Philippine Stock Exchange.
DMCI spokesman Elery Mendoza told AFP the project would cost around $1 billion and start early next year.
"It will most probably take 42 months for the entire system to be completed," he added.
In Tokyo, Dow Jones Newswires quoted a Marubeni statement as saying it and DMCI received an order worth $1 bn to build railway tracks and stations in Manila.
The project is owned by San Miguel Corp., one of the country's largest business groups.
It would extend the system to the densely populated Bulacan province north of Manila.
Manila's light rail systems currently serve about 1.3 million commuters daily.
เป็น MRT สาย 7 วิ่งจากสถานี North Station ของ MRT 3 ไปตามถนน
Commonwealth Avenue ในนคร Quezon City ไปถึง Tala ในนคร Caloocan City, และ เทศบาลตำบล San Jose del Monte ใน Bulacan ระยะทาง 23 กม. มี 14 สถานี
http://urbanrail.net/as/mani/manila.htm
The Philippines hopes for reconfiguring a delayed China-funded commuter rail project into a high-speed train service that will link Manila to a new and bigger airport in a former US air force base 80km north of the capital has gone off track.
Last month, the Export-Import Bank of China, which was funding the North Luzon rail project with two loans, cancelled the first tranche of $400m and demanded immediate payment on the disbursed portion, which amounted to $185m including interest. The second loan of $500m, which was signed but never used, is now deemed cancelled too.
The loan cancellation came as two countries were locked in a diplomatic row over the continuing presence of Chinese vessels in Scarborough shoal, a disputed part of the South China Sea about 120 nautical miles west of the Philippines main island of Luzon. Government ships from the two countries earlier figured in a stand-off in the area, which eased somewhat after Philippine vessels left for home. Most of the Chinese vessels also left but some remained, fuelling the dispute.
But the events that eventually led to the cancellation of what was once touted as the biggest Chinese overseas development assistance project in south-east Asia when it was signed in 2004 occurred in Manila rather than in disputed rocky islets of the South China Sea.
Until early this year, both China and the Philippines stuck to an agreement to freeze the project indefinitely while they looked for ways to reconfigure the supply contract between Sinomach, a Chinese state firm, and Northrail, a Philippine government company. Manila was hoping to begin high-level talks after the Chinese communist party chooses a new set of leaders next month.
But that changed in March when the Philippine supreme court issued a ruling that cast doubt on the legality of the supply contract. It said the contract was merely a commercial deal and not a government-to-government agreement, paving the way for the deal to be overturned because it did not have competitive bidding. Under government procurement rules, only projects covered by executive agreements between governments are exempted from the bidding requirement.
That prompted Northrail to notify Sinomach it can no longer proceed with the contract, according Northrail documents. In August, Sinomach issued a formal notice of termination, alleging breach of contract, prompting Northrail to prepare for arbitration, according to the same documents.
In turn, the suspension and eventual termination of the supply contract prompted China Eximbank to cancel the rest of the loan and seek repayment of disbursed amounts. The Eximbank of China deemed the suspension of the Northrail project as an event of default and thereafter availed of the remedies available to it under the loan agreement, said the Department of Finance in Manila.
Manila could easily pay the price of the soured deal $185m to be paid out over two years. What is likely to hurt more is the opportunity cost of failing to improve transport links between the capital and fast-growing adjacent northern provinces.
National Economic Development Authority (NEDA) กล่าวว่าโครงการรถไฟฟ้า Metro Rail Transit Line 7 (MRT-7) มูลค่า 1,430 ล้านดอลลาร์สหรัฐและโครงการรถไฟความเร็วสูง Clark-Metro Manila Bullet Train มูลค่า 3,000 ล้านดอลลาร์สหรัฐ จะเป็นโครงการแบบ Built-Operate-Transfer (BOT) schemes
ไจกา (The Japan International Cooperation Agency - JICA) จะให้กู้เงิน 1,230 ล้านดอลลาร์สหรัฐ เพื่อสนับสนุนโครงการรถไฟฟ้า Metro Rail Transit Line 7 (MRT-7) โดยจะเริ่มจาก Barangay Tala ในเมือง San Jose Del Monte ก่อนจะไปตามย่าน Fairview ถนน Commonwealth Avenue วงเวียน Quezon City Memorial Circle และถนน North EDSA ก่อนไปสุดปลายทางที่โรงภาพยนต์ Paramount theater หน้าห้าง SM North EDSA และ ห้างTriangle of North Manila (TriNoMa) mall.
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