The Philippines, on Wednesday, secured a fresh ¥21.634 billion, or approximately P8.2 billion, from Japan following the signing and exchange of notes for Phase III of the MRT-3 Rehabilitation Project by Department of Foreign Affairs Secretary Theresa Lazaro and Japanese Ambassador to the Philippines Endo Kazuya.
In her remarks, Lazaro emphasized that Japan’s Official Development Assistance has been a consistent partner in the Philippines’ pursuit of sustainable development.
She said the supplemental loan will restore the MRT-3 to its original, as-designed condition and translate into safer journeys, shorter travel times, and improved commuter experience for the millions of Filipinos who rely on the rail line daily.
Lazaro added that the ongoing rehabilitation is not merely an infrastructure project but a significant investment in productivity, safety, and quality of life.
Endo assured that Japanese companies will continue to collaborate closely with Philippine partners, highlighting their commitment to technical expertise, dedication, and a strong sense of responsibility.
He said the concessional loan agreed upon will allow the continued rehabilitation and maintenance of the railway and expressed hope that MRT-3 will provide safer, more reliable, and more convenient service.
Endo added that the exchange of notes reflects the trust and cooperation between the Philippines and Japan as both countries move forward together.
The project aims to restore the MRT-3 to its original design condition, ensuring high-grade infrastructure performance and enabling future capacity expansion.
Inaugurated in December 1999, MRT-3 serves an average of 400,000 passengers daily, with more than 140 million riders expected in 2025.
The signing was attended by Japan International Cooperation Agency Chief Representative Baba Takashi and Acting Transportation Secretary Giovanni Lopez.
The DFA said the project is scheduled for completion in October 2029.
