NorthRail project to require govt funding until 2028

MANILA, Philippines – The North Luzon Railway project is expected to require government assistance until 2028, a government’s cost analysis paper showed.

The $1.3-billion Northrail project will need an annual average support of $18.28 million until 2028 from the government. And come 2016, the project will post its biggest losses in 2016 at $368.5 million.

“(Our) cashflow analysis shows a negative outstanding cash balance until 2028, which is at its highest at around $368.5 million in 2016,” a document said.

read more…

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>