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THE Philippines and Japan on Friday officially signed a 104.53-billion (about $935 million) loan agreement representing the first tranche of Tokyo’s commitment to the Metro Manila Subway project. The loan, which the country is expected to repay over 40PH inks loan deal for subway project
THE Philippines and Japan on Friday officially signed a 104.53-billion (about $935 million) loan agreement representing the first tranche of Tokyo’s commitment to the Metro Manila Subway project. The loan, which the country is expected to repay over 40 years with a 12-year grace period, carries interest rates of 0.10 and 0.01 percent per year, [...] The post PH inks loan deal for subway project appeared first on The Manila Times Online. Read more