Japan, PHL sign Phase 2 of MRT-3 Rehabilitation
2023/5/26



MRT-3 is the major elevated railway line that runs along Metro Manila’s busiest route. In the past, the line’s railroad and rolling stock deteriorated due to a lack of proper maintenance, resulting in reduced transportation capacity and frequent operational problems. Accordingly, drastic rehabilitations were carried out as part of the Phase 1 project, restoring the line’s safety, comfort, and high speed using Japanese knowledge and technology.
In this second phase of the project, Japan will assist the MRT-3’s continued maintenance and will connect it to the Common Station for passengers’ seamless transfer to LRT-1, MRT-7 and the Metro Manila Subway. This Phase 2 project is expected to improve passenger convenience and promote the use of public transportation, contributing to sustained economic growth and reducing environmental burdens.
Terms and Conditions
- Maximum Loan amount:17.3999 billion Japanese Yen
- Interest rate: 0.1% per annum (0.01% per annum for consulting services)
- Repayment period: 40 years (including a 10-year grace period)
- Financing terms: Japan-tied
Please visit the link below for further information:
Metro Rail Transit Line 3 Rehabilitation Project Phase 1 (38.101 billion yen)
https://www.mofa.go.jp/press/release/press4e_002215.html
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