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Japan Plans To Invest 4.4 Billion Loans To Help Philippine-built Subway
Jan 03, 2018

"Japan will allocate 4.4 billion U.S. dollars to help the Philippines repair the first subway." The Daily Telegraph newspaper in the Philippines said on the 26th that Japan's major implementing agency of the Government's development assistance (ODA) plans to inject capital into Japan. 4.4 billion U.S. dollars to help Metro Manila Metro repair, if approved eventually, it will be Japan's largest amount of ODA to the Philippines. Japanese media said the Japanese government will work with private enterprises to help Philippines build infrastructure including the subway.Metal Brass Passivation Part Manufacturer


The Daily Inquirer said on the 26th that Philippine National Economic and Development Authority Deputy Director Tangopalan said that the subway project and its financing plan for development is "a high priority task" and will be held in July at a high level Level Philippine bilateral meeting to determine. Philippine-Japanese agreement or agreement will be signed in November when Japan's Prime Minister Shinzo Abe visited the Philippines ASEAN summit. Jicao Yamada, the Jica representative in the Philippines, also said the ODA project is currently in the final stages of feasibility studies and whether the loan from Jica for a subway project depends on the Philippine government.


Philippine Minister of Economic Planning Peña said that on the 27th, President Duterte approved 9 infrastructure projects at the meeting of the National Economic and Development Authority with a total value of 7.38 billion Philippine pesos (about 100.7 billion yuan) Metro Manila project is one of them. Japan's "Asia Economic News" website said that the nine infrastructure projects, the Japanese ODA loans will use up to seven projects.Zinc Alloy Passivation Custom Cnc Machining Parts Manufacturer



It is reported that, up to now, the maximum amount Japan provides to the Philippines ODA is a loan of 2.42 billion U.S. dollars signed in 2015 for the construction of Phase I of the North-South elevated passenger railway project in the Philippines.



In the Philippines, there is no subway in the country. There are only a few light rail lines in the capital, Manila. However, the carrying capacity is far from adequate. Coupled with the backward technology and disrepair, frequent incidents such as derailment and power outage have been criticized by the public. During his tenure as President Aquino III, the Philippine economy maintained a high growth rate, but the infrastructure construction has not kept pace with. Most obviously, the traffic congestion in the capital, Manila, in recent years has seriously affected people's lives. Many ordinary office workers spend 3 to 6 hours a day, or even more commutes, and when the weather is raining, it is paralyzed by the city.CNC Turning Aluminum Passivation Product Manufacturer




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