New cargo rail line from Subic to Batangas is flagship project of the Luzon Economic Corridor | SubicNewsLink

28 May 2024

New cargo rail line from Subic to Batangas is flagship project of the Luzon Economic Corridor

Economic czar Secretary Frederick Go (center) discusses investment opportunities in the country at the Philippine Economic Briefing at Philippine International Convention Center in Pasay City on Monday (May 27, 2024). Among these opportunities is the Luzon Economic Corridor.



The Luzon Economic Corridor steering committee has identified the cargo railway directly connecting Subic Bay in Zambales and Batangas province as the flagship project of the new corridor. 

During the Philippine Economic Briefing at the Philippine International Convention Center in Pasay City, Special Adviser to the President for Investment and Economic Affairs Secretary Frederick Go called the project the Subic-Cargo-Manila-Batangas (SCMB) railway. 

Transportation Secretary Jaime Bautista confirmed that the SCMB railway is a new train line aimed at spurring investment opportunities along the corridor. 

This project supersedes the previously stalled 71-km Subic-Clark Railway Project (SCRP) which aimed to link Subic Bay with the Clark International Airport. 

“The only line we approved is only Subic to Clark, but we will extend it to Manila and to Batangas -- one line,” Bautista said. 

Bautista told reporters that the DOTr is preparing a new feasibility study for the SCMB cargo railway.  

“We’re in the process of procuring the consultant who will prepare the feasibility study. Hopefully, in a few weeks or a few months, we will already start the procurement,” Bautista said. 

Meanwhile, Go, who co-chaired the inaugural meeting of the Luzon Economic Corridor steering committee in Manila last week, noted that the SCMB cargo railway will open up significant investment opportunities. 
 
The steering committee consists of United States Senior Advisor to the President for Energy and Investment Amos Hochstein and Japan Ministry of Foreign Affairs Director-General for International Cooperation Bureau Ishizuki Hideo. 
 
Go said that aside from the United States and Japan, the United Kingdom government also wants to get involved in the development of the Luzon Economic Corridor. 

“The UK just came up to me, from the UK Embassy, they said they been wanting to get in touch because they want to get involved in this Luzon economic growth corridor,” Go said. 
 
“And in fact, we were informed by the United States steering committee that the UK indeed has been calling to ask how they can participate in this Luzon economic growth corridor. It can now be potentially be three countries,” the economic czar said. 

Go also pitched renewable energy projects within the growth corridor to support future requirement in the area. (SNL)

0 comments: