Swedfund International omdelade detta
𝐋𝐔𝐙𝐎𝐍 𝐄𝐂𝐎𝐍𝐎𝐌𝐈𝐂 𝐂𝐎𝐑𝐑𝐈𝐃𝐎𝐑 𝐑𝐄𝐂𝐄𝐈𝐕𝐄𝐒 𝐀𝐃𝐃𝐈𝐓𝐈𝐎𝐍𝐀𝐋 𝐁𝐎𝐎𝐒𝐓 𝐖𝐈𝐓𝐇 𝐒𝐖𝐄𝐃𝐈𝐒𝐇 𝐆𝐑𝐀𝐍𝐓 The Luzon Economic Corridor (LEC) gains momentum with new support from the Government of Sweden. Through Swedfund International, Sweden is extending grant financing to advance the Corridor’s flagship Subic-Clark-Manila-Batangas (SCMB) railway project. Swedfund’s grant will fund a feasibility study on signaling systems and operational models for the SCMB railway - the anchor infrastructure initiative of the LEC that will connect the major ports of Subic, Manila, and Batangas, strengthening logistics and trade across Luzon. The agreement was signed between the Government of Sweden, through Swedfund International, and the Department of Transportation - Philippines. “This partnership between the Philippines and Sweden advances the President’s vision of developing globally competitive logistics infrastructure that will drive investment and inclusive growth,” said Special Assistant to the President for Investment and Economic Affairs Frederick D. Go in his keynote address during the official presentation of the signed agreement at the Malacañan Palace. Secretary Go highlighted that the SCMB Railway is envisioned to be a transformative project that will modernize freight transport, boost trade efficiency, and create jobs across the region. Joining Secretary Go during the presentation were Sweden’s Ministry of Foreign Affairs Department Head for Asia, the Pacific and Latin America Daniel Wolvén, Ambassador to the Philippines Anna Ferry, Sweden’s Trade Commissioner to the Philippines Johan Lennefalk, and DOTr officials led by Acting Secretary Giovanni Lopez, along with representatives from the Department of Finance Philippines and Department of Foreign Affairs. Ambassador Ferry welcomed the strengthened cooperation between Sweden and the Philippines. “This additional agreement with the Department of Transportation is a remarkable example of synergies and cooperation between public and private efforts. We are proud to support the Philippines’ development goals with Swedish technology and expertise in transportation and provide a boost for sustainable growth and opportunities,” she said. “On behalf of the Department of Transportation, we express our gratitude to the Swedish government for this valuable assistance to the Subic–Clark–Manila–Batangas Freight Railway Project,” said Acting Transportation Secretary Giovanni Lopez. This Swedish grant complements the June 2025 funding from the U.S. Trade and Development Agency, which supports parallel studies on transport modeling, port–rail integration, and institutional planning. The Asian Development Bank will oversee procurement of the consultant for the main feasibility study. #SwedenInPH #SEinPH #EconomicGrowth #Connectivity #InfrastructureDevelopment
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