RI backs Manila project

RI backs Manila project

MANILA (UPI): The Indonesian government Monday expressed full
support for a proposed $1.7-billion rail project in the
Philippines, which is to be constructed by a consortium made up
of companies from the two neighboring countries.

Asia Konstruct and Indo-Phil Holdings Co. are heading the
Filipino-Indonesian consortium involved in the rail project,
which seeks to connect the metropolis of Manila to an adjacent
province.

Indonesian Ambassador to the Philippines A. Hartono has
assured the agency working on the project that major Indonesian
companies are set to finance passenger and cargo rail transit to
ease traffic congestion in the capital.

"Indonesia is very much interested in helping the Philippines
attain the newly-industrialized country status by the year 2000,"
Hartono said.