DOTr Eyes Private Sector Funding Of Former China-Backed Projects


Source: mnlmag.com mnlmag.com

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The Department of Transportation (DOTr) is looking into possible partnerships with the private sector to fund three railway projects that were supposed to be backed by China but whose loan agreements are still being “revisited” at the moment. In a Laging Handa briefing on Wednesday, DOTr Undersecretary for Planning Timothy John Batan said President Ferdinand “Bongbong” Marcos Jr. has asked to renegotiate with China and at the same time look into the possibility of partnering with the private sector for these projects. “Sabay nating pinag-aaralan iyang interes ng China at interes ng ating pribadong sektor para dito sa mga proyektong...