Philippines Department of Transport

North-South Commuter Railway Extension Project in Philippines - JICA Direct Loan

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

Deal Overview

JICA has signed JPY270 billion ($2.053 billion) loan agreement with the Government of the Philippines to finance North-South commuter railway extension project in the country. The loan has 40 years repayment period and ten years grace period. The objective of the North-South commuter...

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JICA has signed JPY270 billion ($2.053 billion) loan agreement with the Government of the Philippines to finance North-South commuter railway extension project in the country. 

The loan has 40 years repayment period and ten years grace period. 

The objective of the North-South commuter railway extension project is to strengthen the transportation network and alleviate serious traffic congestion in the Greater Capital Region. It will do so by extending the North-South Commuter Railway from Malolos to Clark International Airport and from Solis to Calamba, thereby contributing to the expansion of Metro Manila’s economic sphere and to the improvement of the investment environment, as well as mitigating air pollution and climate change.

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Deal Volume
$2.06bn
Financial Close
09 February 2023

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Projects

North-South Commuter Railway Extension in Philippines

Brownfield
Rail
Asia Pacific
Philippines
$14.54bn