Strengthening the Transition of Vulnerable Communities Affected by the Malolos-Clark Railway Project (ADB-52083-007)

Countries
  • Philippines
Where the impacts of the investment may be experienced.
Specific Location
Angeles City, Apalit, Clark Special Economic Zone, Mabalacat, Malolos, Minalin, San Fernando
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 18, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of the Philippines
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 2.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 28, 2020

Disclosed by Bank Jan 2, 2020


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Project Description

According to bank documents, the Malolos–Clark Railway Project will support the construction of two sections, totaling 53.1 kilometers (km), of the North-South Commuter Railway (NSCR) connecting the regional center of Clark in Central Luzon with Metro Manila and Calamba, Laguna. The project will provide affordable, reliable, and safe public transport. It will reduce greenhouse gas emissions, and cut travel time from Metro Manila to Clark from 2–3 hours by bus to less than 1 hour by rail.

The project is financed by a multi-tranche financing facility (MFF) of up to $2.75 billion from the Asian Development Bank’s (ADB) ordinary capital resources (OCR), which was approved on 23 May 2019 by ADB’s Board of Directors, and is co-financed by the Japan International Cooperation Agency (JICA) in the amount of $2.01 billion.

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Department of Transportation
The Columbia Tower, Brgy. Wack-wack,
Ortigas Avenue, 1555, Mandaluyong City
Philippines

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main