Mindanao Rail Project magnets foreign and local investors

After President Rodrigo Duterte pronounced his approval on country partnership on the long-delayed Mindanao Railway Project, several countries, and local firms eagerly expressed their interest to provide financial support for the aforementioned priority infrastructure project.

National Economic and Development Authority (NEDA) Director Ernesto M. Pernia revealed on Thursday that China, Japan and South Korea are keen to invest in the project.

Meanwhile, four local conglomerates including Ayala Corporation, Megawide Construction Corporation, Metro Pacific Investments Corporation, and San Miguel Corporation are also into the deal.

The Mindanao railway project is a proposed 2,000-kilometer rail system that will link the entire Mindanao.