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ADB to finance commuter railway project in Philippines

MANILA, June 9 (Xinhua) — The Asian Development Bank (ADB) on Thursday said it has approved up to 4.3 billion U.S. dollars to help finance the construction of nearly 55 kilometers of a modern suburban railway line connecting the Philippine capital region with Calamba City in the neighboring Laguna province.

The Manila-based bank said the investment in the South Commuter Railway Project, which is part of the Nor