Business World

DoTr signs single largest rail contract for PNR Bicol

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BREAKING YET another record, Secretary Art Tugade signed the DoTr’s single largest rail contract on Jan. 17 for the PNR Bicol Project’s first 380 kilometers from Banlic, Calamba to Daraga, Albay.

With a contract amount of P142billio­n, the Design-Build contract was signed with the Joint Venture of China Railway Group Ltd., China Railway No. 3 Engineerin­g Group Co., Ltd., and China Railway Engineerin­g Consulting Group Co., Ltd. (CREC JV), for the design, constructi­on, and electromec­hanical works for the project.

“For our kababayans in the South who have dreamt of this project for so long, we are finally seeing the light of day. This milestone is a huge leap towards realizing this long-awaited project – the PNR Bicol or the South Long Haul Project. We are grateful to our developmen­t partners from China for supporting us in this endeavor and believing that the Filipino people deserve an improved quality of life,” DoTr Secretary Art Tugade expressed.

Listed in both the Hong Kong and Shanghai stock exchange, CREC JV ranked 35th on the Fortune Global 500 list and 5th among China’s top 500 enterprise­s in 2021.

The first 380 kilometers of PNR Bicol from Banlic, Calamba to Daraga, Albay will span 39 cities and municipali­ties, four provinces, and two regions. It will involve the constructi­on of 23 stations, 230 bridges, 10 passenger tunnels, and a 70-hectare depot in San Pablo, Laguna.

“We welcome this developmen­t full of enthusiasm as we will be working with rail experts known for their efficiency and speed in building long haul railways. This, along with our earnest goal to provide comfort and convenienc­e to our commuters, will make this dream project a reality,” PNR General Manager Junn Magno said.

Along with its future segments, PNR Bicol will consist of a 565-kilometer railway, connecting Metro Manila to the southern Luzon provinces of Sorsogon and Batangas. Once fully operationa­l, it will cut travel time between Metro Manila and Bicol from the current 12 hours by road to as short as four hours. Passenger trains will run at a speed of up to 160 kilometers per hour, while freight trains will run at a speed of up to 100 kilometers per hour. During constructi­on, the project is expected to generate more than 5,000 direct jobs per year.

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