DOTr to Revise Loan Strategy Amid P1.8B Railway Delay Bills
The Philippine Department of Transportation (DOTr) is set to implement a new strategy requiring the completion of pre-construction activities, including right-of-way acquisition, before applying for loans. This comes after railway project delays resulted in P1.8 billion in commitment fees being billed to lenders, with the MRT-4 project slated to be the first to adopt this approach.
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