Government of the Philippines

Metro Manila Subway Project (Phase 1) – JICA Financing

Industry
Social infrastructure/Metro/Underground
Area of finance
Project & Infrastructure Finance
Region
Asia Pacific
Asia Pacific
Countries
Philippines

Project Overview

The Philippines secured a JPY220,000 million ($1.37bn) Japan-tied ODA loan from JICA for Phase 1 of the Metro Manila Subway Project. The project is due to be completed in October 2031.

Deal Volume
$1.37bn
Financial Close
27/03/2026
Dealmakers

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Tranches

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Project Deals

Metro Manila Subway Project (Phase 1)
$7bn
Greenfield
Metro/Underground
Asia Pacific
Asia Pacific
Philippines