ADB have approved the project financing for the South Commuter Railway to help ease road traffic congestion and reduce greenhouse gas emissions.
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Asian Development Bank (ADB)
ACCIONA has won a €330 million contract to build a section of a new railway line in the Philippines that will link the city of Malolos with Clark International Airport, 80km north of Manila.
Following the Asian Development Bank's (ADB) first loan granted to help improve Sri Lanka's railway sector, Johan Georget, ADB's Transport Specialist, discusses the role the bank plays in the development projects they choose to invest in.
The financing is for the construction of a 53.1 kilometres passenger railway which will connect Malolos, a suburb north of Manila, to Clark economic zone and Clark International Airport in Central Luzon.