US Reinforces Backing for Luzon Economic Corridor
Manila: The United States has reinforced its commitment to the Philippines’ infrastructure modernization efforts by continuing the support and raising funding for the Luzon Economic Corridor (LEC) despite the Trump administration halting some US government financing programs in different countries. According to Philippines News Agency, Office Special Assistant to the President for Investment and Economic Affairs (OSAPIEA) Secretary Frederick Go stated that the US Trade and Development Agency (USTDA) has increased its grant funding for the pre-feasibility study of the Subic-Clark-Manila-Batangas (SCMB) Cargo Railway from USD2.5 million (PHP138.8 million) to USD3.8 million. Go mentioned that the expanded grant was conveyed