Panay Railways
Headquarters in La Paz, Iloilo City
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Formerly called
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Philippine Railway Company Inc |
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| Industry | Railroad |
| Predecessor | Philippine Railway Company Incorporated |
| Founded | Hartford, Connecticut, USA (March 5, 1906) |
| Headquarters | Iloilo City, Philippines |
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Area served
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Panay |
| Owner | Government of the Philippines |
| Parent | Philippine Veterans Investment Development Corporation |
| Panay Railways | |
|---|---|
| Overview | |
| Type | Heavy rail |
| Locale | Panay |
| Termini |
Iloilo City Roxas City |
| Stations | 19 permanent and 10 flagstops |
| Operation | |
| Opened | 1907 |
| Closed | 1985 (passenger) 1989 (freight) |
| Owner | Panay Railways, Inc. |
| Technical | |
| Line length | 117 km (73 mi) |
| Number of tracks | 1 |
| Track gauge | 3 ft 6 in (1,067 mm) |
| Cebu line | |
|---|---|
| Overview | |
| Type | Heavy rail |
| Locale | Cebu |
| Termini |
Argao, Cebu Danao, Cebu |
| Operation | |
| Opened | 1911 |
| Closed | 1942 |
| Owner | Panay Railways, Inc. |
| Technical | |
| Line length | 57 mi (92 km) |
| Track gauge | 3 ft 6 in (1,067 mm) |
Panay Railways Inc. is a government-owned and controlled corporation of the Philippines headquartered in La Paz, Iloilo City, the Philippines, on the island of Panay. It is a subsidiary of Phividec Railways Inc. of the Philippine Veterans Investment Development Corporation (Philvedec). The railway current doesn't operate any trains but it leases the property that it owns and the revenue is used to defray the personnel and administrative costs incurred from looking after its assets.
The company has been owned in succession by the Rehabilitation Finance Corporation which became the Development Bank of the Philippines (1945–74), and then it was sold to the Philippine Veterans Investment Development Corporation (Philvedec) (1974–79) In 1979, management and operations were transferred to the Philippine Sugar Commission (Philsucom) which changed the company's name to the current Panay Railways, Inc. On September 26, 1995, PHIVIDEC re-took ownership of Panay Railways from the Sugar Regulatory Administration, Philsucom's successor. As of March 2016, the president and general manager of the railroad was John Catalan.
In December 1905, a syndicate composed of William Salomon and Company, the International Banking Corporation, Heidelbach, Ickelheimer and Company, Cornelius Vanderbilt III, Charles M. Swift, H. R. Wilson, and J. G. White and Company was the sole bidder for the right to construct railroads on Cebu, Panay and Negros. In 1906, the syndicate was awarded the concession and the Philippine Railway Company Inc. was incorporated in the state of Connecticut, United States on March 5, 1906. On May 28, 1906, the Philippine government formally passed an act granting the company the concession.
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