Japan gives P95-B loan to the PH for railways & river projects

Japan gives P95-B loan to the PH for railways & river projects




The Philippines is on a roll, there is no way for us but to improve and progress as a nation.
Last week the country was a witness in the State visit of president Xi Jinping of China, a healthy sign of the warm, friendly, and healthy bilateral nations between China and the Philippines.

On that state visit alone, record setting 29 agreements between both countries have been signed encompassing many aspects or fields that would help the country achieve its dream of progress.

Foreign Affairs Secretary Teodoro Locsin Jr., H.E. Ambassador of Japan to the Philippines Koji Haneda (photo credit o Manila Bulletin)


And as if that is enough, the Duterte administration follows that with another milestone in the field of international relations and now with ally and good friend of the country – Japan.

Japan and the Philippines just signed a 205 billion yen (approximately P95 billion) loan that will involve railways and river projects aimed to poromote sustainable economic growth, overcoming vulnerability to various risks, as well as stabilizing and fortifying bases for human life and production in the country.

Foreign Affairs Secretary Teodoro Boy Locsin Jr. and Japanese Ambassador Koji Haneda signed and exchanged notes on the multi-billion yen loans, this was the result of the  Sixth Meeting of the Philippines-Japan Joint Committee on Infrastructure Development and Economic Cooperation in Manila the other day.

 North-South Commuter Railway Extension Project (I) :

it run along the length of the railway from Tutuban to Calamba in Laguna (South Section), and from Malolos to Clark International Airport in Pampanga. This consists of a total extension of 109 kilometers.

The extension will address and improve “the connectivity between Manila and the surrounding areas, ease the heavy traffic congestion, and promote the convenience of the general public through fast, safe, and comfortable public transportation system.”

The Asian Development Bank (ADB) and Japan, will extend financing assistance and will make use or utilize Japan’s extensive railway knowledge, technology, and experience. This loan alone will be about 167 Billion yen ( approximately P78 billion)

The Pasig-Marikina River Channel Improvement Project (Phase IV):

The Philippines will benefit tremendously because the project will utilize Japan’s  world famous disaster prevention technology and will include and not limited to major works such as dredging and construction of dikes, control gate structure, and revetment along the Pasig-Marikina river walls.

The project aims to mitigate flood damage in lowland areas of Metro Manila, combined with its Phase I (development of detailed design), and Phases II and III, which implemented river improvement works.

Total loan amount allotted for this project will reach up to 38 billion Yen (P18 billion pesos).


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