The Asian Development Bank (ADB) has approved a USD1.45 billion loan package representing the second and final tranche of financing for the Malolos–Clark Railway Project (MCRP), a key infrastructure initiative under the Philippine government’s North–South Commuter Railway (NSCR) system.
The 53.1-kilometer MCRP is a central component of the 163-km NSCR, designed to transform mass transit in Luzon through climate-resilient and high-technology rail infrastructure. The project, which connects Metro Manila to Clark International Airport and key growth corridors in Central Luzon, is expected to catalyze job creation, attract investment, and support long-term economic growth.
“The Malolos–Clark Railway Project is one of ADB’s biggest project financings in the entire Asia and Pacific region,” said ADB Philippines country director Pavit Ramachandran. “This transformative infrastructure will enhance mobility, promote regional integration, and support the country’s growth momentum.”
In addition to regular and express commuter trains, the MCRP will introduce the country’s first airport express service, offering direct rail access to Clark International Airport. The shift to mass transit is also projected to help lower greenhouse gas emissions by reducing dependence on private vehicles.
The ADB initially approved a USD1.3-billion financing package for the MCRP in 2019, which has since been fully utilized. The Japan International Cooperation Agency (JICA) is co financing the project, supplying rolling stock and core railway systems.
Beyond physical infrastructure, ADB will continue to provide implementation support and livelihood assistance for communities affected by the project, in line with its commitment to inclusive development and sustainable urbanization.
The MCRP is part of ADB’s broader strategy to strengthen connectivity and resilience across Asia and the Pacific, using innovative financial tools to drive inclusive economic transformation.
