By: Elena Grace Flores
[VIDEO]: Metro Manila Subway Project, Funded by the Marcos Gold? FEM’s Grandplan is fulfilled by PBBM
Loans from Japan
The Japanese government agreed to provide funding of around $1.95bn for the Metro Manila Subway Project. The funding will be provided in the form of yen loans extended via the Japan International Cooperation Agency.
This is only one of the Bild Build Build projects following the late President Ferdinand E. Marcos’ grand plan. The taxes of the people can never compensate for this massive project. The Japanese loans are just starters.
Connect the Dots
However, it was mentioned by former First Lady Imelda Marcos to the former Manila Mayor, Lito Atienza that if only the gold interests were allowed to come into the country by the previous administrations, it could have funded the subways and many more. So, connect the dots.