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Japan pledges 240B yen for 36.7-km rail from Malolos to Tutuban
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Official development assistance totaling 240 billion yen ($2 billion) for the North-South Commuter Rail project was pledged on Wednesday in Kuala Lumpur during a meeting of Japan's state minister for foreign affairs, Minoru Kiuchi, and his counterpart, Secretary Albert del Rosario.
The Department of Foreign Affairs said in a news release late Wednesday evening that the ODA yen loan package will finance “the construction of a 36.7-kilometer narrow-gauge elevated commuter railway from Malolos to Tutuban.”
"The North-South Commuter Rail (NSCR) Project, Phase 1 is poised to be the single-biggest ODA yen loan package (US$2 billion) to date that Japan has given any development partner," the DFA said.
Image credit: DFA
It added that the "pledge follows the commitment of the Japanese government in firming up its cooperation with the Philippines for the said project as part of the PH-JP “Cooperation Roadmap for Quality Infrastructure Development in the Transport Sector in Metropolitan Manila Area,” which was agreed upon during President Benigno S. Aquino III’s State Visit to Japan." — ELR, GMA News
