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The funding of the said project – which will be composed of construction of 37 kilometers of new elevated commuter railway from Malolos, Bulacan to Tutuban, Manila; procurement of rolling stock; and installation of electro-mechanical systems – will be funded through Official Development Assistance (ODA) by Japan International Cooperation Agency (JICA).
“Special Terms for Economic Partnership (STEP) will be applied to this project, and it is expected that Japanese technology such as construction techniques for elevated railways, efficient signal systems and rolling stock will be utilized,” JICA said.
In November 2015, JICA signed the loan agreement with the Government of the Republic of the Philippines to provide a Japanese ODA loan of up to 241.991 billion yen for the North – South Commuter Railway Project (Malolos – Tutuban).
In August 11, 2016, President Rodrigo Duterte met Japan Minister of Foreign Affairs Fumio Kishida at the Presidential Guest House in Panacan, Davao City. Duterte and Kishida discussed the said project.
Moreover, Japan is also helping in the feasibility study of a 55-kilometer railway line from Malolos to Clark in Pampanga, and offered to build the first 100-kilometers of the 2,000-km Mindanao railway system.