The Mindanao Railway System, which is the Duterte administration’s first priority infrastructure project will most likely to start its construction next year.
Socioeconomic Planning Secretary Ernesto M. Pernia, in a media briefing, said that “It’s going to start soon—perhaps next year.”
According to Pernia they had discussed already the cost, the details, and the timetable.
As he was asking by the reporters, for how long it will take the project to be fully operational? He said, “it may actually be completed after Duterte’s term, and to be divided and executed in two phases”
Pernia said, “it is long overdue. but when it’s completed, it will go around the entire island of Mindanao. It’s about 2,000 kilometers.”
“In terms of funding,”the money is not really a major consideration because there are so many investors interested. Both local businessmen and foreign investors, as well as the Official Development Assistance (ODA), Pernia added.
Pernia noted the project has pulled in the enthusiasm from both local and international investors like China and Japan have signified keen interest in the project.
The railway system is expected to connect major cities such as Cagayan de Oro, Iligan, Zamboanga, Butuan, Surigao, Davao, and General Santos, as it is highly needed to boost the economic development in the region. – JCE.