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                    [Title] => Germany, Saudi to invest P18 B in Mindanao rail link
                    [Summary] => Germany and Saudi Arabia will invest P18 billion in the construction of a mass transit system in Mindanao, a report said. 


The investment will partly finance the 83-kilometer Cagayan-Cotabato phase of the project that will link the cities of Iligan, Cagayan de Oro, Gingoog, Marawi and Cotabato by 2008, the report said. 


The project, estimated to cost $520 million, is expected to benefit 60,000 to 90,000 commuters daily in the Iligan-Cagayan de Oro "industrial corridor." 


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THROUGH GERMAN

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                    [ArticleID] => 276482
                    [Title] => Germany, Saudi to invest P18 B in Mindanao rail link
                    [Summary] => Germany and Saudi Arabia will invest P18 billion in the construction of a mass transit system in Mindanao, a report said. 


The investment will partly finance the 83-kilometer Cagayan-Cotabato phase of the project that will link the cities of Iligan, Cagayan de Oro, Gingoog, Marawi and Cotabato by 2008, the report said. 


The project, estimated to cost $520 million, is expected to benefit 60,000 to 90,000 commuters daily in the Iligan-Cagayan de Oro "industrial corridor." 


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Germany, Saudi to invest P18 B in Mindanao rail link

May 6, 2005 - 12:00am

Germany and Saudi Arabia will invest P18 billion in the construction of a mass transit system in Mindanao, a report said. The investment will partly finance the 83-kilometer Cagayan-Cotabato phase of the project...

Nation