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Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

₱778 Billion Railway 95 KM Connecting Connecting Manila to Clark will open on 2022

₱821 Billion Railway 95 KM Connecting Connecting Manila to Clark will open on 2022

 

Philippines awards final two contracts for Malolos – Clark line

PHILIPPINE National Railways (PNR) and the Philippines Department of Transportation (DOTr) have awarded the two remaining construction contracts for the 53km Malolos – Clark section of its North-South Commuter Railway (NSCR) project.

The contracts, designated packages 2 and 3, cover a total of 28 km of viaduct and six stations in the northern province of Pampanga, and have a combined value of ₱56.47 billion Php ($1.17 billion US Dollars ).

Package 2, worth ₱ 33.7 illion Php, was awarded to a joint venture of Acciona Construction Philippines and Daelim Industrial, and covers the construction of 16km of viaduct and stations in Minalin, Santo Tomas and San Fernando.

Package 3, worth ₱22.77 billion Php, was awarded to Italian-Thai Development, and covers the construction of 12km of viaduct and stations in San Fernando, Angeles and Mabalacat.

The contracts are the last two of five packages for the section. Package 1 was awarded to a Hyundai-led consortium on September 18, and Packages 4 and 5 were awarded on August 1. Package 4 was awarded to a partnership of EEI and Acciona, and 5 to Posco, Korea.

Construction on the Malolos – Clark line is scheduled to begin in November, with the section currently expected to begin partial operation in 2022. When completed, the new railway will connect Malolos, Bulacan, to Clark International Airport in Mabalacat, offering end-to-end journey times of 30-35 minutes, compared with journey of 1h 30min.

The section is part of the larger 148km NSCR project, which is expected to cost around ₱777.55 billion, and is co-financed by the Asian Development Bank (ADB) and the Japanese International Cooperation Agency (Jica).

Philippines awards contract for Malolos – Clark project

$573 million US Dollars contract to construct a section of the Malolos – Clark Railway project was ararded to a Hyundai-led consortium.

The Package 1 contract, which was awarded on September 18, covers the construction of 17km of viaduct northwest of Manila, and two elevated stations in Calumpit and Apalit.  

The consortium, led by Hyundai Engineering and Construction, which holds a 57.5% controlling share, also comprises Dong-ah Geological Engineering, Korea, and Megawide Construction, Philippines.

The contract is part of the planned 53km Malolos – Clark Railway, which will connect Malolos, a city north of Manila, with Clark International Airport and economic zone.

Package 1 follows the awarding of contracts for Package 4 to a partnership of EEI and Acciona Construction Philippines, and Package 5 to Posco, Korea. The contracts cover the construction of 6.3km of main line and 1.6km of depot access line, as well as Clark airport station, a depot at Mabalacat, an operations control centre (OCC) and other buildings.

Contracts for two packages have yet to be awarded. These are:

* Package 2, which covers construction of 16km including San Fernando station, and

* Package 3, which covers 12km of line including Angeles station.

Malolos – Clark is the second of three phases in the country’s broader 148km North-South Commuter Railway (NSCR) project, which will run between New Clark City, Pampanga, and Calambra, Laguna and cost around ₱777.55 billion ($15.8 billion US Dollars) when completed.

The NSCR is currently scheduled for completion is 2025, and is intended to reduce congestion across the Manila metropolitan area.

The project is partially funded through financial support from the Asian Development Bank (ADB) and the Japanese International Cooperation Agency (Jica). Read more from Rail journal page 1 and two 


China, Japan, Korea, Russia compete for $2 Billion Nuclear Plant, LNG Philippines Gas project

Russia Floating Nuclear Power Plant Technology
Russia Floating Nuclear Power Plant Technology. illustration: popsci.com

China, Japan compete for $2bn Philippine gas project


China and Japan are competing for a $2-billion liquefied natural gas (LNG) project in the Philippines, Energy Secretary Alfonso Cusi told the Nikkei Asian Review.

Over 20 companies from eight countries have proposed partnerships with state-owned Philippine National Oil Corp. for an LNG receiving terminal at the southern part of Luzon Island. Cusi said his team is still reviewing funding and technology options.

"We are talking to China [and] Japan," he said. "We are looking at which can offer the best in terms of funding. It's too early to say who is more advanced -- there are so many things to look into."

Countries that offer the best financing options usually pick their own domestic contractors. Cusi said Tokyo Gas, Osaka Gas, and a number of Chinese state-owned and private companies have shown interest.

Cusi is vice chairman of President Rodrigo Duterte's PDP-Laban party. He has traveled to Beijing and Tokyo this year to solicit energy investments for the Philippines, which runs into alerts and price spikes for electricity whenever the country's lone LNG facility undergoes maintenance.

Cusi said he plans to travel to South Korea and Russia, and does not favor any particular power-generating technology. He said Malampaya, the only source of natural gas in the Philippines, is expected to be exhausted by 2024. The gas field operated by a consortium led by Royal Dutch Shell provides 40-45% of Luzon island's power requirements. Luzon accounts for two-thirds of gross domestic product in the Philippines.

The proposed terminal could import LNG from other countries while alternate Philippine resources are being developed. These include gas fields in the South China Sea in dispute with China. The terminal's plant will initially generate around 200 megawatts, but can expand to 800MW. Cusi hopes to find an investor this year.

Duterte is targeting total household electrification before he leaves office in 2022. As of December, over 90% of households had access to energy. Cusi also said he is studying the possibility of activating a $2 billion nuclear power plant on the Bataan peninsula. The project, initiated under President Ferdinand Marcos in the 1970s but never activated, is located near an earthquake fault line.

Sulu Province of Southern Philippines could have the first ever operating 100 MW Nuclear Power Plant this year according to the report (see here) - Nikkei Asian Review

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