The Philippines and Japan signed an exchange of notes for the fourth tranche of Japan’s loan for the Metro Manila Subway Project, totaling 220 billion yen (P84.81 billion) for Phase 1 construction.
Phase 1 will build a 27.5-kilometer subway from Valenzuela to Bicutan NAIA Terminal 3, with 17 stations, 30 train sets, and integration with the North-South Commuter Railway.
The project aims to ease traffic congestion, meet rising transport demand, and reduce air pollution in Metro Manila.
Manila and Tokyo also exchanged notes for a 1.672 billion yen (P644 million) loan for the Central Mindanao High Standard Highway, cutting travel time between Cagayan de Oro and Malaybalay from 6.5 to 3.5 hours.
Both projects are part of efforts to improve connectivity, promote economic growth, and enhance infrastructure efficiency across the country.
Source: PhilNews24 | March 28, 2026
METRO MANILA SUBWAY PROJECT GETS LOAN EXTENSION FROM JAPAN
You might be interested in
Latest from News
he LTFRB will speed up payments to gas stations participating in the government’s P12-per-liter fuel discount
CHED is calling for stronger regional cooperation to promote the responsible use of artificial intelligence (AI)
Taal Volcano’s sulfur dioxide emissions dropped sharply, but it continues to show elevated seismic activity, according
TikTok has launched the #ThinkTwice Family Guide to help Filipino families develop safer and healthier online
Meralco is expanding substations and power lines and intensifying efforts to curb electricity theft to reduce