PH gets P83-B Japan loans for Metro Manila subway, Mindanao highway

MANILA, Philippines — The Marcos administration has secured over P83 billion in loans from the Japan International Cooperation Agency (JICA) to fund transportation projects in Metro Manila and Mindanao. These include the country’s first underground railway. According to the Department of Finance (DOF), 220 billion Japanese yen (around P82.5 billion) is earmarked for the Metro Manila Subway Project (MMSP). This marks the fourth tranche of loans for the project, following the first loan in 2018. READ: Metro subway ahead of schedule – Marcos The MMSP is set to run 33 kilometers with 17 stations, stretching from Valenzuela City to Parañaque […]... Keep on reading: PH gets P83-B Japan loans for Metro Manila subway, Mindanao highway

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