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. [caption id="" align="aligncenter" width="720"] Photo by DOTr[/caption] According to the agreement, the Japanese Official Development Assistance (ODA) loan amounting to 167.199 billion Yen will finance the consulting services, rolling stocks, and electro-mechanical portions of the project. Read more in our articles including "Philippines, JICA sign loan agreement for railway project" and "DOTr’s MRT-3 50% fare discount now accessible via GCash".
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Mar 14, 2026The 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.
[caption id="" align="aligncenter" width="720"] Photo by DOTr[/caption] According to the agreement, the Japanese Official Development Assistance (ODA) loan amounting to 167.199 billion Yen will finance the consulting services, rolling stocks, and electro-mechanical portions of the project.
Our coverage of philippine japan loan includes: "Philippines, JICA sign loan agreement for railway project"; "DOTr’s MRT-3 50% fare discount now accessible via GCash"; "Ride-hailing apps cut commissions as fuel prices rise". Each article provides unique insights and information.