The Mindanao Railway System project, with a proposed distance of 2,000-kilometer, has got the attention and interest of Japan, Korea, China and the local investor as it will be a raced on who will first invest and finance for its immediate implementation and construction.
The construction will start from Davao, Zamboanga, Butuan, Surigao, Cagayan de Oro, Iligan, and General Santos which will improve the region’s transportation and economic situation for the Mindanaoan.
According to Socioeconomic Planning Secretary Ernesto Pernia, Chinese investor is interested and very eager, next is the Japanese who also expressed interest following the South Korean who also shows a positive reaction to the project.
Pernia said “Other local investors like the San Miguel Corporation, Metro Pacific Investments Corporation, Ayala Corporation, and Megawide Construction Corporation are also interested in funding the railway project.”
“The project could begin as early as next year and is not really limited to just one type of investor or investment and can also be a combination of investments. It still needs to undergo analysis as to which one is the most beneficial,” Pernia added.
It will be the Duterte administration first priority project for the Mindanaoan as he promised to become Mindanao a modern and develop region after the end of his term. – JCE.