The Department of Transportation said it will spend P600 million for the feasibility studies of big-ticket railway projects.
Secretary Jaime J. Bautista said the amount would be used to initiate feasibility studies for the PNR North Long Haul Project, Panay Railway Project, North Mindanao Railway Project and San Mateo Railway Project.
Bautista said the funding for the 10,024 kilometers of railway projects would come from the Public-Private Partnership Center, official development assistance loans and from its existing budget.
He said procurement was ongoing for consultancy firms to create the feasibility studies for the rail projects lined up by the Marcos administration.
PNR North Long Haul will be composed of four phases: Clark-La Union, La Union-Ilocos Sur, Ilocos Sur-Ilocos Norte and Cagayan Valley. It is envisioned to link strategic infrastructure, logistic system and economic zones such as the Clark Freeport Zone, Poro Point Freeport Zone, Laoag International Airport, Port Irene and Cagayan North International Airport.