THE Department of Transportation (DoTr) is moving to the full feasibility study stage of the P100.64鈥慴illion Mindanao Railway project Phase 3, according to the Public鈥慞rivate Partnership (PPP) Center.
鈥淭he PPP Center through its Project Development and Monitoring Facility (PDMF), completed the pre鈥慺easibility study (pre鈥慒S) for the Mindanao Railway Project, Phase 3,鈥 PPP Center said via Viber on Wednesday.聽
It said the project is undergoing further preparation at the DoTr the railway鈥檚 implementing agency.
The DoTr will move to a comprehensive feasibility study to assess and refine the project鈥檚 technical, financial, and economic viability, the PPP Center said.
Only phase three of the Mindanao Railway is being put forward for a solicited PPP.
Phase 3 is a 61-kilometer high-capacity, inter-city passenger and cargo railway system linking the industrial and commercial centers of Cagayan de Oro, according to the PPP Center website.
Phase 3 has an estimated project cost of P100.64 billion.
The rail line will link Laguindingan International Airport, the port of Cagayan de Oro City, and the Mindanao Container port.
Transportation Undersecretary Timothy R. Batan said the DoTr and the Asian Development Bank are also updating the feasibility study for the first phase of the Mindanao Railway project.聽
The Philippines dropped China as a funding source for the first phase, the South Long-Haul railway, and the Subic-Clark Railway, due to lack of progress on financing decisions by Beijing.
The DoTr is revising Mindanao Railway鈥檚 original study to make the project more modern and environment-friendly. 鈥 Ashley Erika O. Jose
