PH eyes MRT 4 funding help from China-based institution

By: - Reporter / @bendeveraINQ
/ 06:25 PM September 26, 2019

The Philippines has urged the Beijing-based Asian Infrastructure Investment Bank (AIIB) to help finance the proposed Metro Rail Transit (MRT) Line 4 with the Manila-based Asian Development Bank (ADB), the Department of Finance (DOF) said on Thursday, Sept. 26.

Also being endorsed for financing by the AIIB were two bridges and several water supply projects, a DOF statement quoted Finance Undersecretary Mark Dennis Y.C. Joven as saying.


MRT-4, to run between the Ortigas business district and Rizal province, was among projects to be financed by the ADB under its new six-year country partnership strategy for the Philippines.

Finance Secretary Carlos G. Dominguez III had brought up the idea of AIIB partnering with the Philippine government-run Development Bank of the Philippines (DBP)./tsb


Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: ADB, AIIB, business district, financing, MRT 4, Ortigas, rail, Rizal province
For feedback, complaints, or inquiries, contact us.

Louise’s ‘dry run’ for marriage

December 13, 2019 12:30 AM



December 13, 2019 12:30 AM


When movie queens meet

December 13, 2019 12:25 AM

© Copyright 1997-2019 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.