The Asian Development Bank (ADB) is seen to complete the assessment and approval of the financing package for the construction of the north section of the North-South Commuter Railway (NSCR) around December, based on ground plans by the Department of Transportation (DOTr).
This was learned from the Bangko Sentral ng Pilipinas (BSP) whose governor, Eli Remolona Jr., in a statement, said the anticipated completion is a working target.
“The loan agreement for this project is targeted for finalization by end-2025,” Remolona said.
The north section of the NSCR is 51.4 kilometers long and almost entirely a track viaduct project with six stations.
Civil work construction started in 2020.The BSP previously decided to relocate its minting and printing facilities at the New Clark City along the NSCR.
