The announcement was released to the media as the government’s economic team led by NEDA Director General Ernesto Pernia and Finance Secretary Carlos Dominguez III prepares for a trip to Tokyo, Japan this coming September 25 for a third meeting with top-level Japanese officials.
The Metro Manila Subway’s estimated cost will come from a loan from Japan Official Development Assistance (ODA).
The very first subway, which will served the Metropolis of Manila with an estimated population of 13 million people, will run from Mindanao Avenue in Quezon City to the FTI complex in Taguig City. There is also an additional line extending towards NAIA in Pasay City.
Once the project will be completed, the subway project which is expected to be completed in 2022 will reduce the travel trip from Quezon City to Taguig City to just half an hour. The subway project will be able to accommodate a daily ridership of 350,000, the government said.
The Metro Manila subway is part of the Duterte administration’s ?8.2 trillion “Build, Build, Build” infrastructure program.