Early Warning System

Countries

Philippines

Geographic location where the impacts of the investment may be experienced.

Specific Location

Angeles City, Apalit, Calumpit, Clark Special Economic Zone, Mabalacat, Malolos, Minalin, and others

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

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Apr 15, 2025

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Government of Philippines - Department of Transportation

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Infrastructure
Transport

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 1,450.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

Other Related Projects

Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 5, 2025

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, tranche 2 will have the following outcome: transport efficiency and capacity along the Manila-Clark corridor improved.

The project will deliver two outputs. Tranche 2 will finance the following outputs:

(i) Output 1: New railway line commissioned. Tranche 2 will finance the remaining part of the expenditures for the construction of an elevated double-track railway lines totaling 53.1 km, including the 51.2 km Malolos-Clark-CIA section (Malolos-Clark section), and the 1.9 km Solis-Blumentritt section (Blumentritt extension) linking the project to the existing rail-based public urban transport system in Manila. The Tranche 2 financing includes (a) construction of a depot near CIA for the maintenance of rolling stock and fixed assets, with a training center for railway staff and an operation control center; and (b) seven stations integrating design features that are accessible and safe for the elderly, women, children, and people with disabilities.

(ii) Output 2. Institutional capacity strengthened. The tranche will finance the component for the strengthening of DOTr's institutional capacity. The component will (a) start the training program for DOTr staff, of whom 50% are women, in procurement, project and contract management, railway operation, and asset management; (b) establish a system to manage the document and funding flow among all parties involved in project implementation, including technical staff; and (c) fulfill the government's gender and development mandates to ensure the provision of quality railway services to women and marginalized people.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Environment: A
Involuntary Resettlement: A
Indigenous Peoples: C

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

Asian Development Bank (ADB)

The financing amount is $ 1,450,000,000, which will be financed on a loan basis by ADB’s ordinary capital resources.

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

For the Borrower:

Department of Finance
DOF Building
Roxas Boulevard
Manila, Philippines
Facsimile Numbers: +632 523-9216; +632 521-9495

For ADB:

Asian Development Bank
6 ADB Avenue
Mandaluyong City
1550 Metro Manila
Philippines
Facsimile Numbers: (632) 8636-2444