Among the outcomes of the inaugural U.S.-Japan-Philippines trilateral summit on April 11, arguably the most significant was the announcement of the Luzon Economic Corridor.
Even a cursory glance hints at the scale of the initiative. The Corridor is set to include three initial projects: the $868 million Subic-Clark railway, which connects Subic Bay Freeport Zone and the Clark Freeport and Special Economic Zone in Central Luzon; the construction of a second runway and other essential facilities at Clark International Airport, valued at $174 million; and the development of a $152 million,…
