#jica

Through the Japan International Cooperation Agency (Jica), Japan has announced that it is promising to lend the Philippines JPY 1.3 trillion (~PHP 625 billion) as an aid to construct more railways in the country. Kiyo Kawabuchi, senior representative of Jica Philippines, stated that the agency already pledged loans of about JPY 400 billion (~PHP 192 billion) of official development assistance (ODA) for the railway projects. Once completed, these transport infrastructure projects will help realize the shared vision of Jica and the Philippines towards reduced traffic congestion, seamless mobility, and better quality of life of many Filipinos. The Philippine government, through the Department of Finance (DOF), has signed a loan agreement with the Japan International Cooperation Agency (JICA) for the country's North-South Commuter Railway (NSCR) Extension Project. Department of Finance Secretary Carlos Dominguez and JICA Director General Shigenori Ogawa led the signing of the first tranche of the loan agreement and was witnessed by the Minister of the Embassy of Japan Atsushi Kuwabara, DOTr Undersecretary for Railways TJ Batan, PNR General Manager Junn Magno and other government officials. In the hopes of rehabilitating the Banaue Rice Terraces, the Japan International Cooperation Agency (JICA), in partnership with Department of Energy and Ifugao LGU has started building another mini hydropower plant called the Likud Mini-Hydro Power Plant Project (LMHPPP). Read more in our articles including "Japan to lend 1.3 trillion yen to build railways in the Philippines" and "Philippines, JICA sign loan agreement for railway project".