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WORK is expected to get underway shortly on the 32first phase of NorthRail, following the signing of a funding deal on February 26. The US$400m loan agreement was signed by the Philippine government's Finance Secretary Juanita Amatong and the President of the Import Bank of China, Yang Zilin.

01 Apr 2004

Approved by the Investment Co-ordination Committee last December at a total cost of US$503m, NorthRail Phase 1 runs from Caloocan in the northern suburbs of Manila to Malolos in Bulacan province. The double-track line will ... more