MANILA, Philippines — The Philippines and Japan on Monday signed two loan deals worth P98.7 billion for two projects that seek to improve flood control management in Metro Manila and integrate a three-way commuter rail system.
Finance Secretary Carlos Dominguez III and Japan International Cooperation Agency director-general Shigenori Ogawa sealed the agreement providing the Philippines with a P80.47-billion loan (about $1.54 billion), which represents the first tranche of Japan’s total commitment in providing funding support for the North-South Commuter Railway Extension Project.
Read More: The Philippine Star
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The Philippine Trade & Investment Center in Taipei is the Commercial Affairs Section of the Manila Economic and Cultural Office and the representative office of the Philippine Department of Trade & Industry in Taiwan