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Sweden provides $1.3-M grant for Subic-Clark-Manila-Batangas rail
Business World Philippines
|October 23, 2025
THE Subic-Clark-Manila-Batangas (SCMB) railway project has received a grant of $1.3 million from Sweden, the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA) said.
“This partnership between the Philippines and Sweden advances the president’s vision of developing globally competitive logistics infrastructure that will drive investment and inclusive growth,” according to Secretary Frederick D. Go, who heads OSAPIEA.
The funding is a result of an agreement signed between Sweden and the Department of Transportation (DoTr).
“This additional agreement with the DoTr is a remarkable example of synergies and cooperation between public and private efforts,” Swedish Ambassador to the Philippines Anna Ferry said.
यह कहानी Business World Philippines के October 23, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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