Japan to loan a beaming P20.6-billion for MRT-3 rehab and Bohol Airport construction

Maria Romero
PUBLISHED June 26, 2018 08:39 am
File Photo/InsideManila

(Inside Manila) In stout support to the sustainable economic development of the country, Japan is planning to loan additional official development assistance (ODA) of P20.2 billion to finance the rehabilitation of Metro Rail Transit (MRT) 3 and construction of the New Bohol Airport.

Japanese Foreign Minister Taro Kono told Department of Foreign Affairs Secretary Allan Peter Cayetano that Japan is willing to provide additional yen loans to the Philippines; P18.45 billion for MRT 3 upgrading and additional P2.2 billion for airport construction.

The 17-kilometer train stretch along EDSA and the soon-to-be-airport in Bohol are expected to be utilized using Japanese technology to advance its qualities, therefore providing safety and convenience for the Filipino commuters.

During the fifth meeting of the Japan-Philippines Joint Committee on Infrastructure Development and Economic Cooperation in Tokyo, the two participating countries addressed substantial challenges in the Philippines in order to collaborate and resolve the problems.

Among the discussed problems were the rehabilitation of the MRT-3 Line, the construction of the ambitious Metro Manila Subway, and development assistance in Mindanao peace process.

One of the major fields of cooperation under the Japan-Philippines joint statement on bilateral cooperation for the next five years is the infrastructure development in Metro Manila.

If successful, the partnership of the two countries would allow the Philippines to upgrade its infrastructure system, thereby attracting more business partnerships that would bring back the Philippine's glory as one of the fast-rising nations in Asia. 



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