The project will involve research and development, as well as for the production of light rail vehicles and medium and high-speed maglev trains that run from 200km to 400km per hour for neighboring countries in Southeast Asia, including the Philippines.
The Cagayan Economic Zone Authority (Ceza) has announced that it has inked a tripartite memorandum of understanding (MoU) with two Chinese companies to develop a maglev research and development center in Sta. Ana, Cagayan.