MANILA - The Philippines will defer the signing of the commercial agreement for the China-funded Subic-Clark Railway, pending a list of 3 potential contractors from Beijing, a Filipino official said Wednesday.
The agreement may be signed later this year or early 2019 and may not be done in time for Chinese President Xi Jinping's visit to Manila in November, said Transportation Undersecretary Timothy John Batan.
Batan said the commercial and loan agreement for the PNR Long Haul or PNR Bicol is set to be signed during Xi's visit.
Transportation Sec. Arthur Tugade said China needs to nominate 3 contractors for projects that it will fund.
"May proseso ho iyan pag Chinese funded. Ang gusto nila mga involve sa proyekto na mga Chinese," Tugade told reporters.
(There's a process for Chinese-funded projects. They want their fellow Chinese to be involved.)
The Subic-Clark railway is on track for completion in 2021, he said.