Transportation Secretary Jaime Bautista, on the sidelines of an event in Pasay City on Thursday, told reporters the funding for the railway project had been secured. Article continues after this advertisementThe DOTr previously expressed the need to obtain the much-needed financing for the infrastructure project. The MRT 4 project had initially a project cost of P58.92 billion, but this was estimated to go up due to the redesigning. Article continues after this advertisementRicardo Rail, under this contract, was tasked with identifying, defining, and developing the operational and maintenance requirements for the railway project. In 2021, the transportation department inked an engineering and architectural contract with Spain’s IDOM Consulting Engineering, Architecture SA.

Source: Philippine Daily Inquirer November 15, 2024 03:47 UTC