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Solon files bill creating ‘Mindanao Railways’
- Source: http://www.pna.gov.ph/index.php?nid=2&rid=909812
- Tuesday, August 2, 2016
- (PNA), PGL/CD/MARK FRANCISCO
CAGAYAN DE ORO CITY, Aug. 2 (PNA) -- Senator Edgardo Angara has filed a proposed Senate Bill that would create a corporate railway system in Mindanao designed to perk up economic development in the Southern Philippine island.
In a press statement sent to the local media Tuesday, Angara said that Senate Bill 137 calls for the creation of a state-owned Mindanao Railways Corporation (MindaRail), tasked to lay the groundwork in building a railway in Mindanao.
In his explanatory note, Angara said that locomotives would propel Mindanao’s progress.
The railway “is also a driver for peace because as communities become interconnected, economies are linked, growth spreads and travel brings cultural exchanges,” he said.
Under the proposal, the MindaRail would have an authorized capital stock of Php1 billion, with an 11-person board, all appointed by the President. It will have its offices in Davao City.
Angara said that the train service would be capable of ferrying people and cargoes for the island’s agriculture product, which is worth Php500 billion a year.
The operation of MindaRail would link the island’s urban centers and growth corridors, which were 500 miles apart from each other, such as the cities of Davao, General Santos, Butuan, Cagayan De Oro, Cotabato and Malaybalay.
At its peak, the Philippine railway system would stretch 1,140 kilometers in the islands of Luzon, Panay and Cebu, Angara said.