“This ODA (Official Development Assistance) package is a firm testament to the robust bilateral relations between the Philippines and Japan and affirms the confidence and support of the Japanese government to the reforms undertaken by the Aquino administration,” Presidential Communications Secretary Herminio Coloma Jr. said today.
The statement came after Japan commits biggest ODA loan package for Philippine rail project. The Japanese government is providing Philippines with US$2 billion through official development assistance (ODA) loan package for the North-South Commuter Rail (NSCR) Project-Phase 1.
Foreign Affairs Secretary Albert del Rosario received the pledge during a meeting with Japan State Minister for Foreign Affairs Minoru Kiuchi on August 5 at the sidelines of ASEAN Ministerial and Related Meetings in Kuala Lumpur, Malaysia.
“The North-South Commuter Rail (NSCR) Project-Phase 1 is poised to be the single-biggest ODA yen loan package to date that Japan has given any development partner,” DFA said.
NSCR Project-Phase 1 will be handled by the government through the implementation of the Department of Transportation and Communication (DOTC). The project will involve construction of a 36.7-kilometer narrow-gauge elevated commuter railway from Malolos to Tutuban.
“The ODA package would be a boon to our on-going efforts to improve and modernize our public transport system,” Coloma noted.