Source:
On May 26, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Republic of the Philippines in the capital, Manila, to provide a Japanese ODA loan of up to 17,399.9 million yen for the Metro Rail Transit Line 3 Rehabilitation Project (II).
The objective of the project is to improve the safety and service level of Metro Rail Transit Line 3 (MRT3), which has suffered successive operational suspensions, among other issues. It will do so by rehabilitating MRT3, thereby promoting increased use of the line and contributing to the alleviation of serious traffic congestion, as well as to the mitigation of air pollution and climate change in Metro Manila. The project will also contribute to the achievement of SDGs (Sustainable Development Goals) Goals 9 (Industry, innovation and infrastructure), 11 (Sustainable cities and communities), and 13 (Climate action).
signing ceremony
Special Terms for Economic Partnership (STEP)* will apply to the Japanese ODA loan for this project, and Japanese technology will be used for the maintenance and management of the railway system, including underground tunnel excavation, construction in narrow areas, signal systems, and vehicle construction.
Details for the project are provided below.
1. Terms and Amount of Loan
| Project title | Amount (million yen) |
Annual interest rate (%) | Repayment period (years) |
Grace period (years) |
Procurement | |
|---|---|---|---|---|---|---|
| Project | Consulting services | |||||
| Metro Rail Transit Line 3 Rehabilitation Project(II) | 17,399.9 | 0.1 | 0.01 | 40 | 10 | Japan tied |
2. Executing Agency
Department of Transportation
Address: The Columbia Tower, Brgy. Wack-wack, Ortigas Avenue, 1555 Mandaluyong City, Philippines
Phone: +63-2-8790-8400
3. Planned Implementation Schedule
- 1 . Completion of project: July 2025 – when the maintenance of MRT3 is completed.
- 2 . Issuing of letters of invitation for consulting services (including detailed design work): April 2019 (already contracted)
- 3 . Tendering of announcement of initial procurement package for international competitive bidding on project construction:
Procurement package title: Package CP1 (Rehabilitation and Maintenance)
Release date: December 2018 (already contracted)
4. JICA Contact Information
For further information about the procurement schedule, please contact the party listed below.
Contact Point for Transportation Sector, JICA Philippines Office
Address: 40th Floor, Yuchengco Tower, RCBC Plaza, 6819 Ayala Avenue, Makati City, Philippines
Phone: +63-2-8889-7119, fax: +63-2-8889-6850
- *STEP refers to special assistance terms for promoting the visibility of Japanese aid through a transfer of outstanding Japanese technology and expertise to developing nations. The main contract is Japan tied and subcontracting is general untied. The main agreement partner must generally be a Japanese company, an overseas subsidiary of a Japanese company, or a joint venture between a Japanese company and the borrowing country where the Japanese company is the lead partner, although under certain conditions a joint venture between a Japanese company (which is the lead partner of the joint venture) and an affiliated company (as accounted under the equity method) of a Japanese company may be the main agreement partner.
Sns share!