The Philippine government plans to finalize a P55.7B third tranche loan for the Metro Manila Subway Project by March, funded by JICA, with completion in 2029.
The Philippine government aims to finalize a P55.7B third tranche loan for the Metro Manila Subway Project by March, funded by Japan International Cooperation Agency (JICA). The subway project, set to be completed in 2029, aims to benefit 519,000 daily commuters, reduce travel time, and create 5,469 jobs. The first and second tranches, worth P38.8B and P94.1B, were signed in 2018 and 2022, respectively.
February 26, 2024
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