Monday, November 30, 2015

Loan Agreement Signing for North-South Commuter Railway Project of DOTC


Wazzup Pilipinas!

Finance Secretary of the Philippines Cesar Purisima together with Japan International Cooperation Agency (JICA) Chief Representative of Japan Noriaki Niwa signed the US$ 2 Billion Loan Agreement for the North-South Commuter Railway Project (Malolos-Tutuban) of the Department of Transportation and Communications (DOTC) on November 27, 2015 at the Mezzanine Floor Lobby of the Robinsons (JG) Summit Center, Ayala Avenue, Makati City.

Also attending the signing were DOTC Secretary Joseph Emilio Aguinaldo Abaya, Department of Finance National Treasurer Roberto Tan, JICA Senior Representative Tetsuya Yamada, and JICA Section Chief Keisuke Fukui.

The project supports the expansion of a mass transportation network which is recognized as one of the priorities in the 2011-2016 Philippine Development Plan aiming to improve the efficiency of land transportation capacities in Metro Manila. It also seeks to provide a more environmentally sustainable mode of transport through the construction of about 37 km new elevated commuter railway from Malolos, Bulacan to Tutuban, Manila, procurement of rolling stock, and installation of electro-mechanical systems.










The project represents the Phase 1 of the North-South Railway Project of DOTC. The Phase 2 involves the construction and rehabilitation of approximately 653 km commuter railway operations from Tutuban to Calamba and long haul rail operations on the branch line from Calamba and Batangas and extension from Legaspi. Albay to Matnog, Sorsogon, and is being proposed to be implemented via Public-Private Partnership arrangement.

The project also includes procurement of 104 cars and installation of electro-mechanical systems. The railway will boast of aseismatic design technology used for earthquake-resilient structures, earthquake detection systems, corrosion-resistant steel, as well as signalling and communications systems for punctual and reliable operations.

17 comments:

  1. That's one big loan for one really big project! But considering that Japan is involved in it, I don't doubt that the money will be properly utilised in creating some really amazing piece of technology in that system!

    ReplyDelete
  2. Your posts are too powerful preferred to feature and easy to understand.
    blogspot.com

    ReplyDelete
  3. There is no tension of getting deadlines from your boss. No pressing for reaching office at so and so time detroit cash advance

    ReplyDelete
  4. I was impressed with the site that you created, so memotipasi many people to be more advanced, there also kunjugi me, as a comparison get loan

    ReplyDelete
  5. I continuously continue coming to your website once more simply in case you have posted new contents.business loan forum

    ReplyDelete
  6. This constantly amazes me exactly how blog owners for example yourself can find the time and also the commitment to keep on composing fantastic blog posts. Your site isexcellent and one of my own ought to read blogs. I simply want to thank you. https://www.bwgfinance.co.uk/

    ReplyDelete
  7. I’m going to read this. I’ll be sure to come back. thanks for sharing. and also This article gives the light in which we can observe the reality. this is very nice one and gives indepth information. thanks for this nice article... Indian Army Bharti 2019

    ReplyDelete
  8. Really I enjoy your site with effective and useful information. It is included very nice post with a lot of our resources.thanks for share. i enjoy this post rrbnaukri

    ReplyDelete
  9. Only wanna state that this is very helpful , Thanks for taking your time to write this. California refinance quote

    ReplyDelete
  10. Answer: Yes, You Can Get a Car Title Loan with No Income. The good news is, yes, you can get a title loan without a job or even proof of income! That's one of the great things about this option. The only thing they require is your title (proof that you own your car).

    ReplyDelete
  11. Fascinating. Definitely bookmarking this page. Really valuable info, thanks for posting. New Construction Home Warranty Template

    ReplyDelete
  12. It is a good agreement and Pakistan should also contract with other countries like this agreement. Appreciate you for this. inverter ac on installments

    ReplyDelete
  13. I as of late went over your article and have been perusing along. I need to express my esteem of your composition expertise and capacity to make perusers read from the earliest starting point as far as possible. I might want to peruse more up to date presents and on offer my contemplations with you. how to write a business plan

    ReplyDelete
  14. Some genuinely nice and useful info on this website , besides I think the style contains wonderful features. loan consulting

    ReplyDelete
  15. I have really enjoyed reading your blog posts. How to get paid apps for Free, for the premium-free apps you can download Spotify from the Appyeet platform, for more info I recommend to read our article about Appyeet Safe, this article covers the cracked version of appyeet safe for getting premium apps for free.

    ReplyDelete
  16. Great job for publishing such a nice article. Your article isn’t only useful but it is additionally really informative. Thank you because you have been willing to share information with us. flea control

    ReplyDelete