China’s Withdrawal Puts Philippines’ $850M Freight...

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2024-07-30 07:27:14 - Traduire -

China’s Withdrawal Puts Philippines’ $850M Freight Railway Project In A Limbo; Eyes US, Japanese Lenders

The Philippines is seeking financial support from Japanese and American lenders to reinvigorate the $850 million Subic-Clark railway project after China pulled out from the initiative. The proposed railway aims to connect former US military bases — now commercial hubs — and is set to be a crucial part of the Luzon Economic Corridor. This corridor represents a collaborative economic...

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