MANILA, June 9 Reuters The Asian Development Bank ADB said on Thursday it has approved a loan of up to 4.3 billion for a railway project in the Philippines, a muchneeded boost for its ageing rail infrastructure.

From more than 1,100 kilometers 683.5 miles prior to World War II, the Philippines had only 77 km of operational railway as of 2016, well behind other urban centres across Asia, government data shows.

The 55kilometre South Commuter Railway project is ADB39;s largest infrastructure financing in the Asia and Pacific region to date, the bank39;s vice president Ahmed Saeed said in a statement.

The project will halve travel time between Manila and Calamba city in Laguna province, from the current 2.5 hours. The Japan International Cooperation Agency is funding the rolling stock and railway systems.

All ADBfinanced infrastructure like civil works for the railway viaduct, 18 stations, bridges, tunnels, and depot buildings will be designed to be disasterresilient and able to withstand typhoons and earthquakes, according to the statement .

In 2019, the Manilabased lender committed to fund a 2.5 billion railway line north of the capital that is currently under construction.

Two railway projects were completed under President Rodrigo Duterte while six are underway and six more have yet to start construction. Upon completion, the Philippines will have 1,209km of railways.

Reporting by Neil Jerome Morales; Editing by Kanupriya Kapoor

Source Reuters