22 October 2013 Asia and Indonesia

JAPANESE LOAN FOR PHILIPPINES LRT

The Japan International Cooperation Agency (JICA) is to lend $US436.24 million for developing and extending light rail Lines 1 and 2. The 40-year loan will have a grace period of 10 years. It is subject to a 0.2% rate per year for non-consulting services, 0.01% annual interest for consulting service

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