Speed:Chavez said China and the Philippines is set to sign the loan agreement of P175 billion payable in 20 years at 2 percent interest per annum on Nov. 16 and 17 at the time of the 31st Asean Summit and Related Meeting in Manila.
Sigurado daming sisilip dun sa interest rate at loan duration.He said the revived Bicol Express would take six hours to reach Bicol from Manila with a design speed of 120 kph and operational speed of 80 kph.
My friend it was Politics that destroyed the Northrail Project...One more thing:
Let's hope this massive wet dream project will not suffer the same fate as Northrail, which ironically was funded by Beijing as well.
I wish it were Japan instead of China funding this. Chinese ODA have been notorious for having high interest rates.^^ From the same article:
The $$$ needed:
Speed:
Sigurado daming sisilip dun sa interest rate at loan duration.
Sa speed naman, sana operational speed ay 80-100kph, depending on track condition/gradient
MOD its guaranteed FUTURE ROOF, all brand new rail lines will be SGR according to DOTR..Is this for sure standard gauge? That is the biggest thing I am hoping for not just for Bicol Express, but for all rail lines, especially since this is a reconstruction from ground up. Its an opportunity to correct the mistakes of the past and would make the rail line far more efficient and serviceable. :yes:
120kph will be the design speed PNR maybe oprating on initial stage when this opens..^^ From the same article:
The $$$ needed:
Speed:
Sigurado daming sisilip dun sa interest rate at loan duration.
Sa speed naman, sana operational speed ay 80-100kph, depending on track condition/gradient
P175-B development aid from China to revive PNR’s Bicol Express
NAGA CITY — Using the P175-billion overseas development aid to be borrowed from China, the Department of Transportation (DOTr) will revive the operation of the Philippine National Railway’s Bicol Express with reconstruction of a new railway system from Manila to Bicol, Undersecretary for Rails Cesar Chavez said.
“It is not a rehabilitation,” Chavez said at the Bicol Express Modernization Forum held here on Friday. “It will be a reconstruction. Everything will be new. New railways. New train wagons. New stations. New modalities.”
Chavez said China and the Philippines is set to sign the loan agreement of P175 billion payable in 20 years at 2 percent interest per annum on Nov. 16 and 17 at the time of the 31st Asean Summit and Related Meeting in Manila.
He said the revived Bicol Express would take six hours to reach Bicol from Manila with a design speed of 120 kph and operational speed of 80 kph.
With a timetable from 2018-2022, he said the reconstruction of the new railway system would be undertaken through Chinese general consultancy services while the determination of the firms to undertake the actual construction was still under negotiations.
He said there would be nine new train stations from Paco in Manila to Matnog town in Sorsogon, stretching 683 km of newly constructed railways following international standards.
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