The Philippine government is looking to the United States to fund the revival of the P175-billion Manila-Bicol railway, a project that was originally awarded to Chinese contractors. According to a report by Philstar Biz, officials have approached Washington to explore financing options, signaling a pivot from Beijing to a new partner for the stalled infrastructure initiative.
The railway, which would connect Manila to the Bicol region in southern Luzon, was previously under a Chinese loan agreement but failed to progress due to disputes and delays. The Philippines is now seeking a loan from the US government or its development finance institutions, potentially under the Indo-Pacific Economic Framework or other bilateral programs.
If secured, US funding would mark a significant shift in the country's infrastructure partnerships, aligning with Manila's efforts to diversify sources of financing. No formal commitment has been made yet, but discussions are ongoing, according to sources familiar with the matter.