MANILA, Philippines – Japanese conglomerate Sumitomo Corp. is eyeing more investments in the Philippines, particularly in railway and renewable energy projects, as it expands its infrastructure portfolio.
According to the Department of Finance (DOF), Sumitomo is exploring opportunities to operate and maintain the North-South Commuter Railway (NSCR), one of the country’s largest rail projects.
READ: Firms’ interest in north-south railway shows trust in gov’t – DOTr
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The company already holds two NSCR contracts—a P12-billion deal with Japan Transport Engineering Co. (J-TREC) to supply trainsets and a P26.5-billion contract for Sumitomo Mitsui Construction to build the Balagtas, Guiguinto and Malolos stations. It also expressed interest in operating the railway during a pre-bid conference in November.FEATURED STORIES
