Live Breaking News & Updates on Ut It Remaineda Plan For About Halfa Century Through The Strong Push And Determination Of Duterte Administration

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 ....

Ninoy Aquino International Airport , Metro Manila , Philippines General , Koshikawa Kazuhiko , Azukisawa Eigo , Japan International Cooperation Agency , Japanese Embassy , Metro Manila Subway Project Phase , Finance Secretary Carlos Dominguez , Philippines Representative Azukisawa Eigo , Japanese Ambassador Koshikawa , Metro Manila Subway , Quezon City , Manila Japan And The Philippines On Thursday Signed 253 3 Billion Yen Php112 1 Loan Agreement For Metro Subway Project Phase Japanese Embassy In Said This Second Tranche Of Official Development Assistance Follows Tokyo 39s First Funding 104 53 , Hich Was Signed In March 2018 The Agreement Inked By Finance Secretary Carlos Dominguez Iii And Japan International Cooperation Agency Jica Philippines Representative Azukisawa Eigo Ina Ceremony Also Attended Japanese Ambassador Koshikawa Kazuhiko Quot Metro Manila Subway First Planned 1970s , Ut It Remaineda Plan For About Halfa Century Through The Strong Push And Determination Of Duterte Administration , His 39 Project Of The Century Is Now Steadily Progressingi Am Pleased That Our Tunnel Boring Machine Will Soon Start Excavating Under Metro Manila Area In 2nd Quarter This Year , Uot Koshikawa Said Thursday The Envoy He Is Optimistic This Project Will Serve As Quot One Driving Force To Revitalize Philippine Economy Filipinos Can Count On Japan Continuously Extend Our Utmost Support Until Successfully Completed , Uot He Said As One Of The Flagship Developments Under Quot Build , Uild Quot Program , He 17 Station Subway Will Reduce The Travel Time Between Quezon City And Ninoy Aquino International Airport Naia From Current 70 Minutes To Only 35 It Also Seeks Address Worsening Congestion In Metro Manila Caused By Poor Road Network Rising Population 39s Demand For Transportation Pna ,