An Act To Reconstruct And Rehabilitate The Existing 479-Kilometer Philippine National Railways Line From San Fernando, La Union To Legazpi City, Albay, Providing Funds From The Annual Value- Added Tax Collections, Amending For The Purpose The National Internal Revenue Code Of 1997, As Amended

• This bill allocates five percent (5%) of annual value-added tax (VAT) collections to the following:
  • 2.5% for the reconstruction and rehabilitation of the existing 479-kilometer stretch of Philippine National Railways (PNR) lines from San Fernando, La Union to Legazpi City, Albay
  • 2.5% for the acquisition of road right of way needed to implement the aforementioned project