The China-led Asian Infrastructure Investment Bank (AIIB) will co-finance the Metro Manila Flood Management and the EDSA Bus Rapid Transit system projects with other multilateral lending institutions, the Department of Finance (DOF) announced Monday.
Finance Secretary Carlos Dominguez 3rd said AIIB President Jin Liqun met recently with Philippine officials, during which he confirmed that the bank has identified the flood control and the bus transit system as two infrastructure projects it wants to help finance.
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