NEDA: P645M loan to jumpstart North Rail-South Rail Linkage project
2009 April 1
A P645M loan for phase one of the North Rail-South Rail linkage Project has been approved by the National Economic Development Authority (NEDA).
According to Cabinet Secretary Silvestre Bello III, the loan is allotted for the construction of fences for the road right of way, reconnection of the Paco Station building, and “side expenses”.
As per development regarding the North Rail line, six of the nine stations will be ready for inauguration in April. By May, the new diesel-powered trains will be operational, and the Calamba-Bicol line will also be ready.
Source: PDI, March 31, 2009.
