The Japan International Cooperation Agency said it will provide an additional 900 billion yen or P432 billion in loans to the Philippines to support ongoing railway projects.
“We project to commit about 1.3 trillion yen for railway project. In total, we have only committed 400 billion yen so far. So for the railway sector, we still have 900 billion yen to complete the entire ongoing railway project,” Kayo Kawabuchi, JICA senior representative, told reporters in a press briefing.
JICA is currently supporting five priority railway projects of the Duterte administration, such as the first tranche of the Metro Manila Subway Project, North-South Commuter Railway (NSCR) Project (and the first tranche of the Extension Project), Metro Rail Transit Line 3 Rehabilitation Project, Light Rail Transit (LRT) Line 1 Cavite Extension Project, and LRT Line 2 East Extension Project.