The Japan International Cooperation Agency (JICA) has entered an agreement with the Philippine Government to provide an official development assistance (ODA) loan of up to $985m for the first phase of the Metro Manila Subway project.
According to the deal, the loan will have an annual interest of 0.10%, which needs to be repaid in 40 years with a grace period of 12 years.
Mega Manila Subway train. Artist's impression of the proposed subway project traversing Metro Manila, Bulacan, and Cavite in the Philippines. | wikipedia
The loan will be used to construct stations, underground tunnels between stations, depots and other public works, as well as procure rail systems and rolling stocks.
It will also contribute towards consulting services such as tender assistance, construction supervision and Transit Oriented Development support.
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Development of the project will further see the use of Special Terms for Economic Partnership (STEP), which refers to special assistance terms for promoting the visibility of Japanese aid by transferring Japanese technology and expertise to developing nations.
The Metro Manila Subway is to be developed by the Philippines Department of Transportation and will feature 13 underground stations measuring approximately 25km long. It represents the first subway in the Philippines to connect Quezon City with Parañaque.
Upon completion, the project is expected to accommodate growing transportation needs and ease traffic congestion in Metro Manila, one of the three metropolitan areas in the Philippines. The population of the area has rapidly increased from 7.92 million people in 1990 to 12.87 million in 2015, yet is currently only served by three rail lines covering 50km.
Completion of the project is expected in September 2025, once all the facilities are put into service.
I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to
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understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia.
I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine.
I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan"
I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy
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