- Mega Manila Subway Project is Japan-funded with initial investment of P355.6 billion
- Philippines and Japan have agreed and exchanged notes on the project as witnessed by both Prime Minister Shinizo Abe and President Rodrigo Duterte
- Japan infrastructure and gigantic designs can be seen on this subway
KAMI obtained the information from Good News Pilipinas.
President Duterte and Prime Minister Shinzo Abe have witnessed the exchanged notes on the gigantic infrastructure project.
In the first phase of the project, Japanese government loan 104.53 billion yen or Php 46 billion in the exchange of notes that are a prelude to the signing of agreement in January.
The subway can handle to over 500,000 passengers by 2027.
The transportation is accessible ill from Mindanao Avenue in Quezon City to the Food Terminal Inc. (FTI) in Taguig City, with a another possible extension to the Ninoy Aquino International Airport (NAIA).
In addition, the exchange of notes also agreed on the 9.4-billion yen (Php 4 billion) loan for the Philippine-Japan Friendship Highway in Plaridel which is available for transportation from Bulacan to Manila.
Along with 2.5 billion yen or Php 1 billion to rebuild wartorn Marawi City.
Japan’s Ministry of Foreign Affairs stated that these 3 projects were part of Tokyo’s financial support to our country with worth 1 trillion yen over the next 5 years.
KAMI hopes the best for more development in all infrastructures in the Philippines!