Sweden grants P76 million for Subic-Clark railway feasibility study

Sweden, through its development finance institution Swedfund International, is providing a grant of SEK 12 million or approximately P76 million for a feasibility study on signaling systems and operational models for the Subic-Clark-Manila-Batangas (SCMB) Railway Project.

The SCMB Railway Project is the anchor infrastructure initiative of the Luzon Economic Corridor (LEC), a trilateral cooperation project among the Philippines, Japan, and the United States, announced during the Trilateral Leaders' Summit in Washington D.C. in April 2024.

The Department of Transportation (DOTr) and the Government of Sweden formalized the grant agreement.

The 250-kilometer railway will connect the Port of Subic, Clark International Airport, Port of Manila, and Port of Batangas, facilitating an estimated 80% of the Philippine port traffic.

This project aims to strengthen the country's logistics and supply chain by connecting major ports with industrial and economic zones, thereby reducing logistics costs and improving trade efficiency.

SAPIEA Frederick Go stated that this partnership advances the President's vision of developing globally competitive logistics infrastructure that will drive investment and inclusive growth.