Some of the country?s largest conglomerates, led by Ayala Corp., San Miguel Corp. and Metro Pacific Investments Corp, are expected to vie for the government?s proposed 2000-kilometer Mindanao railway system.
The government said three corporate giants along with Megawide Corp.had expressed interest in the project that would strategically connect major cities in Mindanao including Davao, General Santos, Cagayan de Oro, Iligan, Zamboanga, Butuan, and Surigao.
The government plans to start work on the project next year, with completion expected beyond 2022.
?The proposed railway transport service will play a major role toward improvement of Mindanao?s intra-island accessibility, linkages and seamless multimodal transport networks,? the National Economic Develipment Authority said in its terms of reference in seeking consultants for the project.
The planned railway, identified as one of the top priority infrastructure projects under the Duterte adninistration, was earlier estimated to cost P78 billion.