By: Elena Grace Flores
D’ EXSEKYUTIV TV
[VIDEO]: SM, Robinson, and Ayala Malls Issued EO No. 7 on Oct. 28 for the Optional Wearing of masks
The Credit Goes to Japan
There are many speculations that the Philippines is in a debt trap with China for its infrastructure development. But none of them is true. Japan generously gives credit to the Philippines even prior to the Marcos administration. They are fully supporting the projects hands-on. This is on top of the ADB provisions.
The Metro Manila subway project and the new railway systems are something to look forward to in the Philippines. This is in conjunction with Japanese contractors through JICA. The Marcos administration continues the partnership with Japan and gives credit to their expertise and technology in the field.
The Japan International Cooperation Agency (JICA) lauds the Philippine Government’s efforts to fast-track its railway projects. It cites the role of infrastructure in national development by building the north-south backbone of Metro Manila and nearby areas and developing new growth centers. JICA is currently supporting five priority railway projects that started during the Duterte administration. It has a total loan commitment amounting to around JPY 595 billion. This covers the first tranche of the Metro Manila Subway Project, the North-South Commuter Railway (NSCR) Project (and the first tranche of the Extension Project), Metro Rail Transit Line 3 Rehabilitation Project, Light Rail Transit (LRT) Line 1 Cavite Extension Project, and LRT Line 2 East Extension Project.