Bicol newspaper | Bicol Standard | Get Bicol news about the Bicol region: Naga City, Camarines Sur, Albay, Legazpi City, Masbate, Sorsogon, Camarines Norte and Catanduanes.

Tuesday, April 7, 2015

Salceda elated as Ayala Corp. mulls bid on Manila-Albay railway project

LEGAZPI CITY—Albay Gov. Joey Salceda expressed his joy at Ayala Corp.’s announcement of its interest to bid.

“Yes! Ayala is bidding for the $3.8bn Manila-Albay railways! People at DOTC, PPP Center and NEDA know how hard I pushed and worked for this project,” he posted on Facebook.

Salceda also noted that with the project, the Manila-Albay trip will be “faster by 5-6 hours.”

Reuters reported that Ayala Corp is considering bidding on the North-South Railway Project-South Line contract that will link the province of Albay to Manila.

In the same report, Ayala Corp.’s infrastructure president John Eric Francia revealed that the conglomerate is interested in taking a “serious look” at the government railway project that will be offered under a public-private partnership program.

Said project aims to revive the railway to provide improved transport and logistics services to currently underserved areas and encourage more productive activities.

If Ayala Corp. is awarded the bid, it will be tasked to help in the constructing and rehabilitating of the decrepit railway lines.

The North-South Railway Project-South Line, according to the National Economic Development Authority, has a total estimated cost of PhP170.70 billion.

The project includes a long haul railway operation between Tutuban and Legaspi, Albay and on the branch line between Calamba and Batangas and an extension between Legaspi and Matnog, apart from commuter railway operations between Tutuban and Calamba, Laguna.—BICOLSTANDARD.COM

Featured Post

GENTLE BREEZE by Atty. Nelly F. Villafuerte | Seven is God's favorite number

Unbelievable but true… seven is God’s favorite number. The proof? The Holy Bible. Throughout the Bible (from Genesis to Revelation) ...