China's loan terms, local elites' interests, and tycoons' lobbying stall Duterte's train projects. Can Marcos get them back on track? Read this in-depth piece by RalfRivas:
The Department of Transportation pins the blame on China for the stalled railway projects. But corruption on land acquisitions have long stonewalled projects.
The Subic-Clark Railway Project , the Philippine National Railways South Long-Haul Project , and the Davao-Digos segment of the Mindanao Railway Project have been on the pipeline for years, but have yet to be funded. “For the Japanese ODA loan, the loan agreement is signed first before the bidding process. But with China, the bidding process comes before the loan agreement is signed,” said then-Bases Conversion and Development Authority president and chief executive officer Vince Dizon.
With loan terms that are unlike that of the Philippines’ usual lenders, the Duterte administration was “extra careful” in dealing with Beijing.
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