The Asian Development Bank (ADB) has approved the release of $1.45 billion as the second and final tranche of its multitranche financing facility for the Malolos–Clark Railway Project (MCRP)—a transformative component of the Philippine government’s flagship initiative to develop a safe, affordable, and environmentally sustainable mass transit system connecting key regions in Luzon to Metro Manila.
The MCRP covers a 53.1-kilometer segment of the 163-km North–South Commuter Railway (NSCR), a landmark project set to reshape public transportation across the country. Built with disaster-resilient design and advanced construction technologies, the MCRP aims to dramatically improve mobility, reduce travel time, and support climate goals by shifting commuters from private vehicles to mass transit.
ADB is also financing the southern portion of the NSCR through the South Commuter Railway Project, further underscoring its commitment to strengthening the country’s infrastructure backbone.
“This is one of ADB’s largest infrastructure investments in the Asia and Pacific region,” said Pavit Ramachandran, ADB Country Director for the Philippines. “We are honored to partner with the Philippine government in turning the vision of a modern, world-class railway into reality. This project will catalyze investment, generate employment, and help sustain the country’s economic momentum.”
Designed to serve diverse transit needs, the MCRP will operate three types of services: standard commuter trains, express services for high-demand stations, and the country’s first airport express trains connecting directly to Clark International Airport. By reducing reliance on private transport, the railway is expected to cut greenhouse gas emissions and ease Metro Manila’s chronic traffic congestion.
Beyond urban mobility, the MCRP is expected to stimulate economic growth by improving connectivity across the Central Luzon Corridor, supporting regional integration and development.
ADB’s initial $1.3 billion funding tranche for the MCRP was approved in 2019 and has since been fully deployed. In addition to financing, ADB will continue to provide implementation support and technical assistance, particularly for livelihood programs benefiting vulnerable communities affected by the project.
The project is being co-financed by the Japan International Cooperation Agency (JICA), which will provide the rolling stock and key railway systems, including track, electrical, and mechanical components.
Founded in 1966 and owned by 69 members—49 from within the region—ADB is a leading multilateral development bank dedicated to promoting sustainable, inclusive, and resilient growth across Asia and the Pacific. Through innovative financing solutions and strategic partnerships, ADB helps its members build quality infrastructure, improve lives, and safeguard the environment.
