Why Austal is a value packed share, page-143

https://www.stripes.com/news/pacifi...subic-bay-and-clark-air-base-by-rail-1.659451

January 22, 2021:
some excerpts;
cheers

..... “China and the Philippines have agreed to build a railway linking a pair of former American military facilities on the island of Luzon that are still used by visiting U.S. forces.
Chinese Ambassador to the Philippines Huang Xilian trumpeted the $940 million deal to link Subic Bay and Clark Air Base — which comprised America’s largest overseas military community before the installations closed following the 1991 eruption of nearby Mount Pinotubo — in a Facebook post Saturday.
China’s state-run Xinhua news agency reported the same day that negotiations between the two countries over a loan to finance the project would soon begin......”
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..... “The railway would have limited impact on U.S. forces visiting the facilities, although it could become an iss ue if the U.S. seeks a greater presence in the region, Ian Chong, an associate professor of political science at the National University of Singapore, said in an email Wednesday.
Chinese commercial investments overseas are watched warily by U.S. military strategists.
In 2015, as U.S. Marines were building a rotational presence in Australia’s Northern Territory, the government granted a 99-year lease for the Port of Darwin to a Chinese firm.”....
...
... “
A pair of Chinese companies signaled interest in a financially troubled Subic Bay shipyard in 2019, but there is speculation that the facility may be taken over by Australian shipbuilder Austal and U.S. private equity firm Cerberus Capital Management.
Philippine officials recently said that a Chinese firm is not in the running to assume control of the shipyard, the Philippine Daily Inquirer reported Oct. 3.
“[Subic is] not going to be a U.S. naval base like it was, but it would be a US/Australian company doing business to support both the U.S. and Philippine navies as well as countries in the region,” Austal’s customer affairs and business development director, Lawrence Ryder, told Stars and Stripes in a telephone interview last spring...”