(ABS-CBN)
A total of P741.4 billion in capital expenditures (capex) is being set aside for the development of multiple railway projects in Luzon and Mindanao, according to the Department of Transportation (DOTr) on Wednesday.
Timothy John Batan, the transport undersecretary for railways, said in a virtual presser that the government is allotting the budget for 11 railway projects to decongest Metro Manila and to move the country to progress.
He cited that as of 2017, traffic congestion in Metro Manila has an annual economic cost of nearly P1.3 trillion.
