TITLE

A siren call from North Luzon

PUB. DATE
March 2011
SOURCE
Railway Gazette International;Mar2011, Vol. 167 Issue 3, p27
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the delay of an 80.2 kilometer railway line between the Philippine cities of Caloocan to Clark as of March 2011. It states that the country borrowed 400 million dollars from the Export-Import Bank of China, and 103 million dollars from other sources. Sinomach, a Chinese company, was awarded the contract, but was hampered by changes set by the government, squatters along the route and exchange rate fluctuations. The new administration, however, has launched a review of the project, but still has to pay the monthly interest rates.
ACCESSION #
59413165

 

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