Japan to provide US$2.4b loan for new Philippine railway

Manila

JAPAN on Friday announced that it is pouring a massive US$2.4 billion into a new railway in the Philippines aimed at easing Manila's notorious gridlock.

Japan, the Philippines' top trading partner and source of aid, said the 38 km elevated commuter line would connect Manila to nearby Bulacan province to decongest the capital and help spur economic activity.