Three major railway projects in the Philippines have been stalled after China “backed out” of agreements it struck with former President Rodrigo Duterte, a Philppine government official said on Friday.
Transportation Undersecretary Cesar Chavez said that China did not respond to Manila’s loan applications for the three railway projects submitted last year, so they are now considered “withdrawn.”
The Philippine Transport Department informed China Eximbank in May that the loan applications would be automatically withdrawn if no approval was received from the bank by May 31, he said.
“Former Finance Secretary Sonny Dominguez said that he canceled the application instead of keeping it in suspended animation,” Chavez told reporters, according to the state-run Philippine News Agency….
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