Wednesday 22 May
Nov 25, 2018 @ 16:27

Japan lends another P95B to Manila after latest meet


It was an event worth waiting for.

The meeting between Filipino and Japanese officials in Manila was supposed to start 4 p.m. of Wednesday, Nov. 21, but was delayed by hours as the executives from Tokyo took an unplanned detour to the Clark International Airport in Pampanga.

Still, the bilateral meeting proceeded that same night, with the authorities going through the agenda and loan agreements as planned.

The night ended with two big-time loans sealed. Japan extended another 37.905 billion yen for the Pasig-Marikina River Channel Improvement Project Phase IV and 167.199 billion yen for the first tranche for the North-South Commuter Railway Extension Project.

Other deals inked that day are the consulting service contract for the Metro Manila Subway to tap the expertise of Japanese firms for the project.

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