The Philippine government secured a P8.1-billion (21.6 billion yen) second supplemental loan from Japan to rehabilitate the Metro Rail Transit Line 3 (MRT-3) system.
The agreement was formalized through an exchange of notes between Department of Foreign Affairs Secretary Ma. Theresa Lazaro and Japanese Ambassador to the Philippines Endo Kazuya.
The project is a component of President Ferdinand Marcos Jr.’s Build Better More infrastructure initiative, which aims to restore the rail line to its original designed condition to ease commuting in the National Capital Region.
Department of Transportation Secretary Giovanni Lopez said the rehabilitation would be a huge boost to the system’s steadily increasing ridership and reflects growing public trust in its reliability.
“Our goal is to provide a better commuting experience that respects the time and safety of every passenger, especially senior citizens and persons with disabilities. When commuting becomes faster and safer, commuters gain back precious hours that can be well spent with their families and loved ones,” Lopez said during the signing ceremony.
The project aims to improve the efficiency and safety of the line. Lazaro said MRT-3 plays a crucial role in daily life and described the project as a direct investment in the productivity and quality of life of the people.
Kazuya said the government of Japan remains committed to supporting the advancement of the Philippine railway system.
“Japan remains firmly committed to standing alongside the Philippines as a trusted partner in the development and security. I sincerely hope that through our joint efforts, MRT-3 will continue to provide safer, more reliable and more convenient service for commuters,” Kazuya said.
Lopez expressed gratitude to the Department of Finance, Economy and Development Council, Department of Economy, Planning and Development and other partner agencies for facilitating the loan. He said the agreement reflects a strong partnership between the two countries.
