Philippines stops seeking Loans from China for 3 Railway Projects, may end up Empty-Handed

Benar News: Philippines drops funding deal with China for 3 Railway Projects

So the Philippines under the Administration of Bobong Bong Marcos (BBM) has now stopped asking China for Loans to finance three Railway Projects which have a total cost of Usd 4.9 billion. The three Projects are: The 380 km Laguna-Bicol Railway; The 71 km Subic Bay-Clark Freeport Zone Railway; and the first Phase of the Mindanao Railway Project.

Department of Transportation (DOT) Secretary Jaime Bautista said himself that China seems to have “lost interest” in funding Projects anymore. So big Question now is who will take the Place of China to fund all those Projects? South Korea? Japan? I pity them because now they will be forced to shoulder those Loans, let’s see if they will really do it. 

And what about the United States (US), why can’t they take China’s Place in funding those Projects, ‘aber?’ We all know the Answer to that: Because they can’t, and they won’t. IF the Philippines doesn’t find another Country to fund those Projects, or another source of Funding like from the Private Sector, then the Country will end up againg being EMPTY-HANDED. 

‘Sino ang kawawa sa huli? Ang mga ordinaryong Pilipino. Dahil lang nagpapaka Aso ang Gobyerno sa mga Kagustuhan ng US’ (So who will suffer in the end? The ordinary Filipino People. And just because the Government insists on being Dogs to the US)

SOURCE: Philippines drops funding deal with China for 3 Railway Projects {Archived Link}

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