Meralco, ITCSI draw P10B cargo rail plan

MRail, a subsidiary of listed firm Manila Electric Co. (Meralco), has partnered with Enrique Razon Jr.’s International Container Terminal Services Inc. (ICTSI) for a P10-billion cargo railway project to revive the connectivity between the port of Manila and an inland container terminal facility in Laguna.

Under the agreement, the consortium said it would shell out P2.7B of the projected total cost of P10B for the initial phases of the project, which is projected to be completed in two years.