The Philippine Department of Transportation (DOTr) is reconsidering Chinese loans for three railway projects after Beijing failed to act on funding requests by the Duterte administration, the Philippine News Agency reports. The three schemes affected are the Subic–Clark Railway, the South Long-Haul Project and the Mindanao Railway Project. Cesar Chavez, the DOTr’s undersecretary for railways, said negotiations […]
China
China is again increasing infrastructure spending to bolster economic growth amid the continuing drag of Covid-19 and a weakening global economy, with observers noting a corresponding rise in debt. The official Xinhua news agency notes that capital spending on infrastructure rose almost 7% during the first five months of 2022 compared with […]
“The G7 wants to make the world a better place with better infrastructure. Today, we launch our joint work on this with the Partnership for Global Infrastructure and Investment,” Scholz said in a press statement. [Sean Gallup/EPA]