CNN: PH may drop China funding for Railroad Project by Year-End without Beijing's Confirmation |
China’s funding of the Laguna to Bicol Railway Project (also known as the Philippine National Railway or PNR South Long Haul Project) will very lilkely be cancelled, this after the Department of Transport (DOTR) revealed recently that China has not yet approved the Loan Agreement for it up to now.
The DOTR said that if no development occurs by the end of this Year of 2023, they will decide whether to to continue the Project with China or terminate the Deal with them.