Infra. . .

(Phase i), which is the single biggest venture under BBB.

DOF data show Japan is the top provider of official development assistance loans to the country at $5.84 billion, and the fifth provider of ODA grants amounting to $141.33 million.

in November 2018, the Philippines and Japan signed an exchange of notes for two documents in line with Japan’s commitment to provide around ¥205 billion (about P95 billion) in concessional

loans for projects under the BBB program.

The exchange of notes that was signed covers the ¥37.905-billion loan (or approximately $336.24 million) for the Pasig-Marikina River Channel improvement Project Phase iV; and the ¥167.199-billion loan (about $1.413 billion) for the first tranche of the NorthSouth Commuter Railway Extension Project. The DFA and the Embassy of Japan signed the documents after the sixth Philippines-Japan Joint Committee on infrastructure Development and Economic Cooperation meeting at the Philippine international Convention Center in Pasay City.