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China rail consortium wins contract to build Philippines railway

Xinhua | Updated: 2022-01-26 15:26
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Chinese workers of CREC (China Railway Engineering Corporation), or China Railway Group Limited, mount electrical wires on a construction site of the Jingfu High-speed Railway connecting Beijing and Fuzhou in East Chinas Anhui province, on June 28, 2014. [Photo/IC]

BEIJING - A Chinese rail consortium has been awarded a contract from the Philippines to build a railway in the country, according to an announcement from China Railway Group Limited (CREC) filed with the Shanghai Stock Exchange.

A joint venture of CREC, China Railway No 3 Engineering Group Co Ltd and China Railway Engineering Consulting Group Co Ltd has signed a contract worth around 17.55 billion yuan ($2.77 billion) with the Phillipines Department of Transportation to build the Philippine National Railway South-Long Haul Project, said the announcement.

The 380 km stretch includes 23 stations, with the designed speed of passenger trains at 120-160 km per hour.

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