23/05/2026
ADB Willing to Fund the Mindanao Railway Project 🚆💙🦅
The Asian Development Bank (ADB) told BusinessWorld that it is open to funding the highly anticipated Mindanao Railway Project. This development comes after China dropped its proposed financing for the project.
However, the ADB noted that it will only fund Mindanao's first railway if the Philippine government explicitly requests assistance, especially as the government navigates loan-reduction measures and explores Public-Private Partnerships (PPPs).
The ADB is already financing major infrastructure in the region through loans, including the $1-billion Davao Bus Project and the $490-million Improving Growth Corridors in Mindanao Road Sector Project.
Source: BusinessWorld
