Filipinos traveling to the provinces and relying only on an airplane and a passenger ship are a thing of the past. Because another alternative means of modern transportation is the planned construction of a high-speed train “bullet train” that can be used once it has been placed on the entire Philippine archipelago.
The entire construction of the railway line system including the bullet train will be financed by the European Financial Intermediary, this is according to Retired Colonel Rodrigo Bonifacio, a think tank for the Duterte administration.
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ECONOMIC BENEFITS OF HIGH-SPEED RAIL “BULLET TRAIN” according to US RAIL ASSOCIATION
High-speed rail (HSR) delivers fast, efficient transportation so riders can save time, energy, and money. HSR is extremely reliable and operates in all weather conditions. HSR is not subject to congestion, so it operates on schedule every day without delay – especially during rush hour and peak travel times.
HSR spurs the revitalization of cities by encouraging high density, mixed-use real estate development around the stations. HSR also fosters economic development in second-tier cities along train routes. HSR links cities together into integrated regions that can then function as a single stronger economy. HSR broadens labor markets and offers workers a wider network of employers to choose from. HSR encourages and enables the development of technology clusters with fast easy access between locations. HSR also expands visitor markets and tourism while increasing visitor spending.
The many benefits HSR delivers spread throughout regions that have HSR, encouraging economic development across a large area.
According to Bloomberg “Money spent that get People out of cars will ease traffic, save money, reduce pollution, slow global warming, and make us less vulnerable to volatile oil oligarchs.” – JCE.