LAPU-LAPU CITY: An initial loan agreement for the construction of Metro Manila’ first subway will be signed by the Philippines and Japan next month, the Finance department announced on Monday.
“The first tranche for the loan for the Metro Manila Subway is due for signing in March 2018. Both sides agreed to work towards the partial operability of the subway line by 2022 at the latest,” Finance Secretary Carlos Dominguez 3rd told reporters following a meeting of the Philippines-Japan Joint Committee on Infrastructure Development and Economic Cooperation at the Shangri-La’s Mactan Resort.
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