Japan is funding the construction of the Metro Manila Subway and a road system that will connect Nueva Ecija and Nueva Vizcaya to Cagayan Valley
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The Philippine government, through the Department of Finance , and the Japan International Cooperation Agency signed the loan agreement for the third tranche of financing for theThe total cost for the country’s first underground mass transport system is P488.48 billion. JICA has supported the first two loan tranches, totaling P139 billion.
The subway is targeted to be operational by 2029. It is expected to reduce travel time from Valenzuela City to the Ninoy Aquino International Airport from 1 hour and 30 minutes to just 35 minutes.WATCH: What’s the progress on the Metro Manila Subway?
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Trilateral Meeting Between Philippines, US, and Japan to Enhance Defense and Economic CooperationA trilateral meeting between the Philippines, United States, and Japan on further enhancing defense and economic cooperation will be held in Manila next week. US Secretary of State Antony Blinken and Japan Foreign Minister Yoko Kamikawa will be in the capital ahead of a planned summit of their leaders in Washington on April 11. President Marcos will visit the United States from April 11 to 13, when he will have a bilateral meeting with US President Joe Biden at the White House before the trilateral summit with Japanese Prime Minister Fumio Kishida. Mr. Marcos will also meet top US security officials during his visit as well as attend a business forum organized by the US-ASEAN Business Council. Blinken will reportedly arrive in Manila on March 18 for bilateral talks with Foreign Affairs Secretary Enrique Manalo and other senior Philippine officials. The trilateral ministerial meeting with Kamikawa, on the other hand, will be on March 20.
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Philippines, Japan sign ¥150-B third tranche loan for Metro Manila subwayThe governments of the Philippines and Japan on Tuesday signed the loan agreement for the third tranche of official development assistance (ODA) financing the country's first underground railway system, the Metro Manila Subway project.
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