LISTED Philippine Infradev Holdings Inc., the proponent of the Makati Subway project, has secured $332 million from Chinese firms to help finance the $3.7-billion mass transportation system.
In a disclosure, the company said on Tuesday it has inked a deal with Hui Gao Investments Development Ltd., where the latter would provide a $102-million equity investment and another $200 million credit facility to Philippine Infradev’s unit Makati City Subway Inc. (MCSI).
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