Philippines to scrap $85M unused World Bank fund for Cebu BRT

MANILA, Philippines — The Philippine government has asked the World Bank (WB) to cancel about $85 million in financing for the long-delayed Cebu bus rapid transit (BRT) project, seeking to curb mounting commitment fees. This is as the lender considers longer disbursement timeline for the remaining resources, while the government moves to limit future fees […]... Keep on reading: Philippines to scrap $85M unused World Bank fund for Cebu BRT