DAVAO CITY - Construction on the proposed Mindanao railway will start next year, with the project attracting interest from China, Japan and South Korea as well as local conglomerates, the government said Thursday.
President Rodrigo, the first president to have come from the strife-torn south, has promised to build the rail system as one of his legacies as he moved to shift government resources from the capital to the countryside.
"We got some offers from governments of Japan, China, and South Korea, but right now the feasibility study is silent about who will finance it," Socioeconomic Planning Secretary Ernesto Pernia told reporters here.
San Miguel Corp., Metro Pacific Investments Corp., the Ayala group and Megawide Construction Corp. have also expressed interest in the project, he said.
The government, however, has yet to decide whether the project will be built with funding from the private sector or development aid from abroad.
"In terms of completing that railway system, the entire thing, it's probably going to be beyond the administration of President Duterte," Pernia said.