2011 May CASE STUDY NAIA To DMIA High Speed Rail Link Final HK Paper

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Case Study: ConceptualAquino Feasibility of a High Airport Speed Rail Link between Manila-Ninoy International (ManilaNAIA) and Clark-Diosdado Macapagal International International Airport (Clark-DMIA) (Challenges in Determining High Speed Rail Costs)

Rommel Romm el C. Gavieta Gavieta MA (Urban (Urban Energy), Energy), MSc (Eng Airport Airport Finance) Finance)

Vice President, Metro Rail Transit Development Corporation Senior Professorial Lecturer III, College of Business and Economic (MBA), De La Salle University Research Associate, York Center for Asian Research, York University

June 2011 Hong Kong

1998 to 2010 Project Development Philippine Experience of the Philippines with High Speed Rail Projects

North Luzon Railways Project Development Experience

Construcciones y Auxiliar Ferrocarriles Ferrocarriles (CAF) Spanish ODA Loan for a High Speed Rail Project (1997)

China National Machinery Group (CNMEG now known as Sinomach) Chinese ODA Commuter Rail (2005)

High speed rail to ensure the viability of 25 million

Regional commuter commuter rail serving the McArthur Traffic

 passenger capacity capacity Clark International Airport (Joint

Corridor 

Foreign Chambers of the Philippines) Project Cost:

Caloocan to Clark: US$ 500.0 million Caloocan to NAIA US$ 1.5 billion

Project Cost: Caloocan to Malolos: US$ 500.0 million (PhP28billion in 2004 to 2007)

Malolos to Clark: US$ 500.0 million (PhP34billion in 2007 to 2011)

CAF Hong Kong Airport High Speed Rail Project

Conceptual development perspective of North Rail http://www.sinomach.com.cn/templates/T_common_e n/index.aspx?nodeid=203

3

North Luzon Railways Technical Project Description Comparison

Legal framework Overseas Development Assistance Assistance Law (ODA)

Legal framework: 

 North Rail Supply Agreement (NRSA) (NRSA) between North Luzon Railways Corporation (NLRC) & Sinomach



Bilateral Country Loan Agreement (BCLA) between Philippine Government and Chinese Exim Bank was represented represen ted as an Executive Agreement



Exempt from bidding under ODA and Government Reform Procurement (GPRA) Laws



Electric High Speed Units



Diesel Multiple Units (DMUs)



Operating Speed 80 to 250 kph (high speed rail rail service)



Operating Speed 80 t0 130 kph (regional rail service)



Estimated ridership is 146,000 passengers passengers per day



Estimated ridership is 41,186 passengers per day



 No. of Stations & Depot 6 train stations (NAIA, Fort Bonifacio, Bocaue, Malolos and Clark) and depot in Clark





Phase1: 6 Stations (Caloocan, alenzuela, Marilao,  Bocaue, Guiguinto, Malolos) and Depot in Valenzuela (2007 to 2009) Rita, Dau Pulilan, Simon, San Phase2: 8 stations Fernando, Mexico,(Sta. Angeles, and San Clark) and depot

in Clark 

ODA loan loan from the Obuchi Fund with a 0.75% interest rate per annum, 25 year repayment and a ten-year grace period 



ODA loan from the Export-Import Export-Import Bank of China with a 3.0 % interest rate per per annum, 20 year repayment repayment and a five-year grace period.



Financed with Philippine counterpart fund for right-ofway acquisition and relocation.



Financed with Philippine counterpart fund of $82 million for right-of-way acquisition and relocation. 4

Development Benchmarks Benchmarks of High Speed Rail Systems

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