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Japan, PH sign Y253-B loan deal for Metro Manila Subway radyonatin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from radyonatin.com Daily Mail and Mail on Sunday newspapers.
Times a-changin philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
MANILA - Japan and the Philippines on Thursday signed the 253.3-billion-yen (PHP112.1 billion) loan agreement for the Metro Manila Subway Project Phase 1. The Japanese Embassy in Manila said this second tranche of official development assistance loan follows Tokyo's first tranche funding of 104.53 billion yen, which was signed in March 2018. The agreement was inked by Finance Secretary Carlos Dominguez III and Japan International Cooperation Agency (JICA) Philippines Representative Azukisawa Eigo in a ceremony also attended by Japanese Ambassador Koshikawa Kazuhiko. "The Metro Manila Subway was first planned in the 1970s, but it remained a plan for about half a century. Through the strong push and determination of the Duterte administration, this 'project of the century' is now steadily progressing. I am pleased that our tunnel boring machine will soon start excavating under the Metro Manila area in the 2nd quarter of this year," Koshikawa said Thursday. The envoy ....