More flood control and road projects are set to be funded by Japan this year
MANILA, Philippines – Three loan agreements with Japan are set to be formalized this 1st quarter of 2019, said the Department of Finance (DOF).
The Japan International Cooperation Agency (JICA) will be funding the North-South Commuter Railway extension project, the 4th phase of the Pasig-Marikina River Channel improvement project, and the road network development project in Mindanao.
The approach showed effectiveness when the new Bohol airport construction and environmental protection project and the Metro Rail Transit Line 3 rehabilitation were signed in less than 3 months.
As of 2018, loans and grants provided by Japan to the Philippines have amounted to $5.98 billion.