Duterte to sign deal with Japan for first underground transit in Philippines
In line with President Rodrigo Duterte’s promise to the Filipinos that infrastructure spending will be increased to address the traffic congestion in Metro Manila, he is about to sign a financing agreement with Japan to build the first underground mass transit line in the Philippine capital.
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Socioeconomic Planning Secretary Ernesto Pernia disclosed that the project with the Philippines-Japan Joint Committee on Infrastructure Development and Economic Cooperation will build 14 projects including the central portion of the subway project in Metro Manila.
Pernia said a 25.3km line will run from Quezon City in Northern Metro Manila to Taguig City in the east which would amount to about Php 230 billion funding for the project which will come in the form of official development assistance from Japan.
More projects are in line, one of which is a commuter line running from Metro Manila to Souther Luzon, high-speed train from Metro Manila to Clark International Airport and Clark Green City in Pampanga. Both projects total to about USD 4.6 billion.
These projects will receive a JPY (Japanese yen) 1 trillion funding from Japan which Japan Prime Minister Shinzo Abe announced during his first visit in Philippines last January 2017.
A feasibility study is still being conducted and is expected to be completed in September 2017 in time for Duterte and Abe to sign the deal on November 31, 2017 at the 31st ASEAN Summit and Related Meetings in Pampanga.
These infrastructural developments are “intended to disperse the development away from Metro Manila, which is already suffering from congestion and economies of agglomeration," Pernia said.
Additionally, these developments are pivotal to Duterte’s vision of the “golden age” of Philippine infrastructure during his term.
Source: Asian Review
Duterte to sign deal with Japan for first underground transit in Philippines Reviewed by Newsinfo Learn on March 31, 2017 Rating: