Philippines Department of Transport

North-South Commuter Railway (Malolos - Tutuban) in Philippines - JICA Direct Loan

Industry
Infrastructure/Rail
Area of finance
Project & Infrastructure Finance
Region
Asia Pacific
Countries
Philippines

Deal Overview

JICA has signed JPY107 billion ($814 million) loan agreement with the Government of the Philippines to finance North-South commuter railway project (Malolos-Tutuban) in the country.The loans has 40 years repayment period and 12 years grace period.The objective of the Malolos-Tutuban section is to...

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JICA has signed JPY107 billion ($814 million) loan agreement with the Government of the Philippines to finance North-South commuter railway project (Malolos-Tutuban) in the country.

The loans has 40 years repayment period and 12 years grace period.

The objective of the Malolos-Tutuban section is to strengthen the transportation network and decongest Metro Manila through the development of a new railway running from Malolos, Bulacan to Tutuban, Manila, thereby contributing to the expansion of Metro Manila’s economic sphere and the alleviation of air pollution.


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Deal Volume
$815.9m
Financial Close
09 February 2023

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Projects

North-South Commuter Railway (Malolos - Tutuban) in Philippines

Greenfield
Rail
Asia Pacific
Philippines
$2.86bn