The Philippines and Japan have agreed to build the Mega Manila Subway System at the sidelines of World Economic Forum on ASEAN in Cambodia, this was revealed by Transportation Secretary Arthur Tugade as reported in ABS-CBN News website.
The transportation chief said Philippines and Japan will be signing the agreement to fund the project through official development assistance (ODA) via Japan International Cooperation Agency (JICA).
The signing of agreement will be at the sidelines of ASEAN Summit and related meetings in which Japan Prime Minister Shinzo Abe is expected to attend in November.
Japanese technology and their expertise on underground railway system will be utilized for Mega Manila Subway System.
To be funded is the first phase of the subway project, which will traverse from Quezon City to Taguig. It is expected to reduce travel time by 31 minutes and accommodate 370,000 passengers annually. The entire Mega Manila Subway System is envisioned to start from San Jose del Monte, Bulacan to Dasmarinas City, Cavite.
Mega Manila Subway System initial phase proposed stops are: Mindanao Avenue, North Avenue, Quezon Avenue, East Avenue, Anonas, Katipunan, Ortigas North, Ortigas South, Kalayaan, Bonifacio Global City, Cayetano Boulevard, Food Terminal Inc. (FTI) and the Ninoy Aquino International Airport (NAIA).