NorthRail to move out 18,000 families
By PDADCO payday loans
Thursday, 16 Apr 2009 04:33
| The need to obtain full right-of-way (ROW) for the modern mass transit project connecting Metro Manila and the Diosdado Macapagal International Airport in the Clark Freeport became certain after the board of the National Economic Development Authority (Neda) approved a $317-million increase in project cost after five years of delay. |
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This brought the budget of NorthRail to $1.317 billion. The $1 billion had been obtained through a loan from the Chinese government. The additional budget will be taken from local funds, North Luzon Railways Corp. (NLRC) chair Edgardo Pamintuan said.
Source: Inquirer
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