Agreements for two Japanese government-financed projects worth a total of $1.01 billion are expected to be signed before the end of this month, the Finance department said on Wednesday.
The deals involve the first tranche of the 104.5-billion yen ($929.1 million) loan for the first phase of the Metro Manila Subway Project and the 9.399-billion yen ($89 million) loan accord for the third phase of the Plaridel Bypass Road Project in Bulacan, the department said in a statement.
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