JICA grants $2 billion loan for rail PPP project in the Philippines

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
JICA grants $2 billion loan for rail PPP project in the Philippines

Japan International Cooperation Agency (Jica) has granted a $US 2 billion loan to fund the Philippines government's portion of the Manila North-South Commuter Rail PPP project.

Jica says this is the largest loan it has ever granted for a single project. The 40-year loan has an interest rate of 0.1% for non-consultancy services and 0.01% for consultancy services and includes a grace period of 10 years.

The project will be implemented as a public-private partnership in two phases. Phase 1 entails the construction of a 36.7km railway from the existing Tutuban station in Manila north to Malolos. Phase 2 involves upgrading the existing 478km 1067mm-gauge line from Manila south to Calamba and Legaspi.

A pre-qualification conference for Phase 2 was held in August with a view to starting construction in 2017. The whole project is expected to be completed in 2020.

The Philippine's Department of Transportation and Communications (DOTC), along with its attached agency, the Philippine National Railways (PNR), recently extended for the second time the deadline for the submission of qualification documents for the project.

The new deadline to submit qualification documents has been extended from 1 December 2015 to 1 February 2016. Previously the deadline had been extended from 15 October to 1 December.

List of country news

Country news

  • December 04, 2015

    Davao City endorses reclamation PPP project

    The Public-Private Partnership (PPP) Board of Davao City (Philippines) recently endorsed to the City Council the P39-billion (around $837 million) reclamation project proposed by Manila-based port operation firm Mega Harbour Port Development Corp. after no competitive bids were submitted in the bidding process. Read more
  • December 10, 2015

    Cosette Canilao says Government can still save health PPP project

    According to Cosette Canilao, the head of Philippines's PPP Center, the government could save the new Philippine Orthopedic Center (POC) PPP project. Read more
  • December 14, 2015

    San Miguel and Korea Water Resources win Philippine water PPP

    The Philippine Government has formally awarded the Bulacan bulk water supply PPP project located in north of Manila to a team composed of San Miguel Corp. and Korean Water Resources Corp. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.