Philippines: Hitachi in talks for a USD 4.4 billion railway project

ClrakHitachi Ltd is in talks with Philippines government for a 200 billion pesos (USD 4.4 billion) railway project in Clark Green City north of the capital, BusinessWorld reported, citing a company official.
“We are working with the government and the private sector. Clark development is one of the projects we are currently trying to engage in. They need transportation. We can provide metro. We can provide light rail transit system… monorails. We have to find out the solution to meet the demands in Clark,” Hitachi Chief Executive for Asia Pacific Ichiro Iino told reporters.
The Bases Conversion and Development Authority (BCDA) will decide on the form of procurement to be used for the Clark Rail Transit System this year. According to BusinessWorld, BCDA signed a memorandum of understanding and a non-disclosure agreement with the Tokyo-based group “so that they could look at the data that we have,” although “we haven’t made a commitment yet.”
“Hitachi is very good in infrastructure and technology. They built and operate the Shinkansen in Japan, and you also see the train system in Tokyo – these are Hitachi coaches and infrastructure, so of course we are open to a partnership with them,” BCDA President and Chief Executive Officer Arnel Paciano D. Casanova said.
The Clark Railway will be linked to the Bulacan part of the North-South Commuter Railway, which will run from Malolos to Calamba City
Located in Central Luzon, Clark Green City is at a confluence of industry and agriculture with existing infrastructure and connectivity to Manila and rest of the Philippines. With favorable location in the region and appropriate distance from Metro Manila, CGC is poised to become the next big metropolis.

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