The Philippine government and JICA have so far signed two tranches of loan agreements—the first tranche amounting to ¥104.53 billion, or P47.58 billion, was signed in March 2018, while the second tranche, amounting to ¥253.31 billion, or P112.87 billion, was inked in February 2022.
"It will be determined during discussions between the two governments. It will depend on the progress of the funds and the construction," Kuronuma said. Sakamoto added that the signing of the next tranches of loan agreements for the project "depends on the speed of the progress of the civil works on the ground."The bulk of the project will be funded by JICA, accounting for 75.9% or P370.77 billion. The Philippines will finance the remaining 24.1% or P117.71 billion.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shear line to bring scattered rain showers, thunderstorms over Metro Manila, other Luzon areasCloudy skies with scattered rain showers and thunderstorms may prevail over Metro Manila and parts of Luzon due to the shear line—a boundary line where cold air from the northeast monsoon and warm winds from the easterlies meets, the PAGASA said. READ:
Source: manilabulletin - 🏆 25. / 51 Read more »
Metro Manila's construction materials wholesale price index - BusinessWorld OnlineThe growth in wholesale and retail prices of building materials accelerated to the highest level in 14 years in 2022, as construction activity picked up, according to preliminary data from the Philippine Statistics Authority (PSA).
Source: bworldph - 🏆 9. / 68 Read more »
Final draft of single-ticketing system in Metro Manila approvedMetro Manila mayors and traffic management officials in the metropolis have approved the the final draft of the Metro Manila Traffic Code for the proposed single ticketing system in the National Capital Region (NCR) in a meeting held on Thursday, Jan. 19.
Source: manilabulletin - 🏆 25. / 51 Read more »
MMFF summer edition set for April - BusinessWorld OnlineTHE METRO Manila Film Festival (MMFF), traditionally held during the Christmas holidays, will now have a second summer edition. The Metro Manila Summer Film Festival is slated for April, and is a partnership between the Metropolitan Manila Development Authority (MMDA), the government agency which runs the festival, and the Cinema Exhibitors Association of the Philippines […]
Source: bworldph - 🏆 9. / 68 Read more »
Maynilad bares water interruption scheduleMANILA, Philippines — Five areas in southern Metro Manila will experience an eight-hour water interruption from 10 p.m. to 6 a.m. daily from Jan. 18 to 31, the Maynilad Water Services said on
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Kimpoy has enough love for Subway’s three B.M.T. sandwiches in new digital ad | BMPlusSubway has just announced its latest digital ad campaign featuring noted YouTube vlogger Kimpoy Feliciano. With over 1.6 million subscribers to his name, Kimpoy hopes to tap into the power and clout of his fanbase when exploring this new partnership with Subway. In the video, Kimpoy talks about his reputation…
Source: BusinessMirror - 🏆 19. / 59 Read more »