THE Philippines secured on Thursday a 38.1-billion-yen (P17.79-billion) official development assistance (ODA) loan from the Japan International Cooperation Agency (JICA) to upgrade and rehabilitate the Metro Rail Transit (MRT) Line 3 system.
Signed by Finance Secretary Carlos Dominguez 3rd and JICA Senior Vice President Yasushi Tanaka, the loan aims to improve the safety, reliability and level of service of the 16.9-kilometer light rail system with 13 stations spanning across Epifanio de los Santos Avenue (Edsa).
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