Japan will lend the Philippines P620 billion (1.3 trillion yen) to help build and rehabilitate railways to help ease traffic in the country.
Japan International Cooperation Agency (JICA) has committed 400-billion yen in official development assistance (ODA) loans for Philippine railway projects, reported Inquirer.
The Japanese government’s aid arm will lend the Philippines additional 900 billion yen to complete the projects, according to JICA Philippines senior representative Kiyo Kawabuchi.
JICA said the projects using ODA funds are the Light Rail Transit (LRT) Line 1 Cavite Extension, LRT Line 2 East Extension, Metro Manila Subway, Metro Rail Transit (MRT) Line 3 Rehabilitation, and North-South Commuter Railway.
“Once completed, these transport infrastructure projects will help realize the shared vision of JICA and the Philippines towards reduced traffic congestion, seamless mobility, and better quality of life of many Filipinos,” Kawabuchi said.
