Big money projects under the government’s Public Private Partnership program is a crowd drawer among investors.
The P171-billion South Line of the North South Railway Project (NSRP) under the public-private partnership (PPP) program has attracted five firms already.
Leading the pack of parties interested include Ayala Corp., Metro Pacific Investments Corp., San Miguel Corp., IL&FS, and Fluor Daniels according to PPP Center executive director Cosette Canilao.
The huge railway project wil involve the construction, rehabilitation, extension, operation and maintenance of the proposed South Line of the Philippine National Railways (PNR).
The NSRP South Line will serve Metro Manila to Legazpi City, Albay, including a number of existing and proposed branch lines at approximately 653 kilometers.
The project will have commuter railway operations between Tutuban and Calamba in Laguna, a railway operations between Tutuban and Legazpi (478 km), a possible extended operations on the branch line between Calamba and Batangas and possible extension between Legazpi and Matnog in Sorsogon (117km).
Currently the PNR operates a commuter service from Tutuban, Manila to Calamba, Laguna. The system serves 75,000 commuters daily, it anticipates 316,000 daily commuters by the year 2020.