Japan has announced that it will offer a USD 2.4 billion financing for a new rail commuter line in Manila. The 38 km elevated line would connect Manila to nearby Bulacan province to decongest the capital and help spur economic activity.
“This is one of the biggest projects Japan has ever embarked upon using the yen loan,” Masato Ohtaka, deputy press secretary for Japan’s foreign ministry said.
Japanese Prime Minister Shinzo Abe and President Benigno Aquino III disccused about the project during the Asia-Pacific Economic Cooperation (APEC) Summit in Manila, in Novermber 2015.
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